Latest Oil and gas industry News
Judge orders PG&E to improve records, power line inspections
SAN FRANCISCO (AP) — A federal judge has ordered Pacific Gas and Electric to better inspect high-voltage power lines, hire more tree-trimming supervisors and upgrade records regarding the age of electrical equipment as part of efforts to prevent deadly and destructive wildfires and other disasters, The San...
US gas prices remain steady at $2.25/gallon
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline held steady over the past two weeks at $2.25 per gallon. That’s 50 cents below the average pump price from a year ago. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the prices are stable because crude...
Mauritius races to contain oil spill, protect coastline
JOHANNESBURG (AP) — Thousands of students, environmental activists and residents of Mauritius were working around the clock Sunday, trying to reduce the damage to the Indian Ocean island from an oil spill after a ship ran aground on a coral reef. An estimated 1 ton of oil from the Japanese ship's cargo of...
Saudi Aramco half-year profits plunge 50% from virus impact
DUBAI, United Arab Emirates (AP) — Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. Profits for the first six months of the...
Mauritius scrambles to counter oil spill from grounded ship
JOHANNESBURG (AP) — Anxious residents of the Indian Ocean island nation of Mauritius stuffed fabric sacks with sugar cane leaves Saturday to create makeshift oil spill barriers as tons of fuel leaking from a grounded ship put endangered wildlife in further peril. The government has declared an...
Indiana utility faces $1.1M fine over safety violations
MERRILLVILLE, Ind. (AP) — A northern Indiana utility is facing a $1.1 million fine — the largest in state history — after state regulators cited it for natural gas pipeline safety violations and specified that the company cannot pass that cost onto its ratepayers. The Indiana Utility...
Gas prices show little movement in NJ, across nation
TRENTON, N.J. (AP) — Gas prices have shown little movement over the last week in New Jersey and across the nation but remain far below the levels seen a year ago. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.17, down a penny from the week before. Drivers...
Mauritius declares emergency as stranded ship spills fuel
JOHANNESBURG (AP) — The Indian Ocean island of Mauritius has declared a “state of environmental emergency” after a Japanese-owned ship that ran aground offshore days ago began spilling tons of fuel. Prime Minister Pravind Jugnauth announced the development late Friday as satellite images...
American oil execs, held 2 years, go to trial in Venezuela
CARACAS, Venezuela (AP) — A Venezuela court has launched the trial of six American oil executives jailed well over two years after being lured to the South American nation and arrested on corruption charges, an attorney confirmed Friday. The lingering case appears to have taken a new sense of urgency,...
Turkish president slams Egypt-Greece deal, drilling resumes
ISTANBUL (AP) — Turkey’s president called a maritime deal between Greece and Egypt “worthless” Friday and said his country would resume its disputed oil and gas exploration in the Eastern Mediterranean. Egypt and Greece signed a maritime deal Thursday that sets the sea boundary between...
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