Latest Oil and gas industry News

FILE - In this Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. Wall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday, Jan. 22, 2021.  (AP Photo/Frank Franklin II, File)

Stocks slip on Wall Street as worldwide rally takes a pause

Jan. 22, 2021 12:26 PM EST

NEW YORK (AP) — Wall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday. The S&P 500 was 0.1% lower in afternoon trading, a day after inching up to its second straight all-time high. The Dow Jones Industrial Average was down 87 points, or...

Washington state introduces bill to increase state gas tax

Jan. 22, 2021 10:02 AM EST

OLYMPIA, Wash. (AP) — Lawmakers in Washington state have introduced legislation that could increase the state gas tax, making it the highest in the country at 67.4 cents a gallon. The proposal calls for a 18-cent increase a gallon in the state's gas tax, KING-TV reported Thursday. The bill would increase...

Judge strikes down 'pore space' law challenged by landowners

Jan. 22, 2021 8:26 AM EST

BISMARCK, N.D. (AP) — A judge has struck down a North Dakota’s law that landowners say takes away their property rights. The so-called pore space law passed the Legislature in 2019 after supporters sought clarification on the use of cavities in rock or soil. Pore spaces are used when the petroleum...

Maduro sent letter to Iran's Leader accrediting US fugitive

Jan. 22, 2021 12:22 AM EST

MIAMI (AP) — A Colombian businessman was carrying a letter from Venezuelan President Nicolas Maduro accrediting him to Iran's supreme leader when he was arrested on a U.S. warrant last year, according to a new court filing in a politically charged corruption case ratcheting up tensions with the South...

FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years. That stands to undercut President-elect Joe Biden's plans to block new drilling on public lands to address climate change. (AP Photo/Charlie Riedel, File)

Biden halts oil and gas leases, permits on US land and water

Jan. 21, 2021 7:51 PM EST

BILLINGS, Mont. (AP) — The Biden administration announced Thursday a 60-day suspension of new oil and gas leasing and drilling permits for U.S. lands and waters, as officials moved quickly to reverse Trump administration policies on energy and the environment. The suspension, part of a broad review of...

Dunleavy pitches dividend change amid legislative splits

Jan. 21, 2021 5:59 PM EST

JUNEAU, Alaska (AP) — Alaska Gov. Mike Dunleavy proposed checks of nearly $5,000 to residents as part of an effort aimed at reviving the state's pandemic-stunted economy, with the money to come from Alaska's oil wealth fund. But there was a hitch. The Republican, in his budget plan rolled out last month,...

President Joe Biden pauses as he signs his first executive orders in the Oval Office of the White House on Wednesday, Jan. 20, 2021, in Washington. (AP Photo/Evan Vucci)

Biden's climate steps could have big impact on energy firms

Jan. 21, 2021 5:00 PM EST

NEW YORK (AP) — President Joe Biden has put his team to work reviewing dozens of actions taken by former President Donald Trump, aiming to reverse orders that he says harm the environment or endanger public health. For the energy and auto industries, the impact could be far-reaching. Biden aims to reduce...

Prescott gas station manager fired for offensive signs

Jan. 21, 2021 4:41 PM EST

PRESCOTT, Ariz. (AP) — The manager of a gas station near downtown Prescott was fired for posting signs this week outside the business that made a baseless sexual derogatory claim about President Joe Biden and were racially offensive. Joanne Selena Lopez said she was terminated as manager of the Shepherd...

Gasoline spill in North Carolina worse than first reported

Jan. 21, 2021 3:30 PM EST

CHARLOTTE, N.C. (AP) — A crack in the wall of a gasoline pipeline caused more than a million gallons to spill in a North Carolina nature preserve, more than four times the size a company initially reported, a report filed to the state said. In September, Michael Regan, then-secretary of the North Carolina...

FILE - In this Oct. 2, 2014, file photo, pipes and tanks snake around the inside of a carbon capture and storage facility during the official opening of the facility at the Boundary Dam Power Station in Estevan, Saskatchewan. Boundary Dam has the only currently operational power plant-to-oilfield pipeline for carbon capture in North America. The U.S. government under Donald Trump's administration has approved routes for a system of pipelines that would move carbon dioxide across Wyoming in what could be by far the largest such network in North America, if developed. (Michael Bell/The Canadian Press, via AP, File)

US government approves routes for Wyoming CO2 pipelines

Jan. 21, 2021 3:13 PM EST

CASPER, Wyo. (AP) — The U.S. government has approved routes for a system of pipelines that would move carbon dioxide across Wyoming in what could be by far the largest such network in North America, if it is developed. The greenhouse gas would be captured from coal-fired power plants, keeping it out of the...