Latest Oil and gas industry News

Egypt promises to allow protest, push pledges as COP27 host

May. 24, 2022 02:43 AM EDT

DAVOS, Switzerland (AP) — Egypt, host of the next United Nations summit on climate change, will push countries to make good on their pledges to sharply reduce greenhouse gas emissions, facilitate “non-adversarial” talks on compensation to developing countries for global warming impacts and...

More turn to UK food banks as food and fuel bills soar

May. 24, 2022 02:37 AM EDT

LONDON (AP) — For many struggling families, older people and the homeless, Michelle Donnelly’s food hub in east London has been a lifeline. Since the COVID-19 pandemic hit Britain, she has been collecting surplus groceries from supermarkets and distributing them to people who can't afford to...

Asia shares trading lower as inflation worries cloud outlook

May. 24, 2022 01:57 AM EDT

TOKYO (AP) — Asian shares were lower on Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. Benchmarks fell in Japan, Australia, South Korea and China, although some of the...

AP-NORC poll: Economy grows as priority on Russia response

May. 24, 2022 00:27 AM EDT

WASHINGTON (AP) — Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the U.S. economy, a sign of rising anxiety over inflation and other challenges, according to a new poll. While broad support for U.S....

Burn-proof edition of 'The Handmaid's Tale' up for auction

May. 24, 2022 00:04 AM EDT

NEW YORK (AP) — Margaret Atwood has imagined apocalyptic disaster, Dystopian government and an author faking her own death. But until recently she had spared herself the nightmare of trying to burn one of her own books. With a flamethrower, no less. She failed, and...

Asian shares mostly lower as inflation worries cloud outlook

May. 23, 2022 23:00 PM EDT

TOKYO (AP) — Asian shares were mostly lower on Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. Benchmarks fell in Tokyo, Seoul, Shanghai and Hong Kong but rose slightly in...

India ships rice, other essentials to crisis-hit Sri Lanka

May. 23, 2022 21:01 PM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka received a first consignment of a $16 million humanitarian aid package from neighboring India to help mitigate severe shortages caused by the country’s worst economic crisis in recent memory. Gopal Baglay, the Indian envoy to Sri Lanka,...

Light sentences in 2 US cases targeting graft in Venezuela

May. 23, 2022 17:29 PM EDT

MIAMI (AP) — Two U.S. criminal cases targeting Venezuela’s government ended Monday in a four-year prison sentence for a Miami businessman who serviced the country’s Russian fighter jets and a light sentence for another individual who implicated a fierce opponent of President Nicolas Maduro in...

North Dakota extends deadline for gas pipeline proposals

May. 23, 2022 16:05 PM EDT

BISMARCK, N.D. (AP) — A panel that regulates North Dakota’s energy industry voted Monday to extend the deadline for proposals to build a natural gas pipeline from western North Dakota’s oil patch to the eastern part of the state. The three-member, all-Republican North Dakota...

Hogan, comptroller, urge each other to ease Maryland gas tax

May. 23, 2022 15:39 PM EDT

ANNAPOLIS, Md. (AP) — Maryland Gov. Larry Hogan and Comptroller Peter Franchot urged each other Monday to take steps to ease high gas prices this summer by suspending taxes on fuel, but the officials say they are limited in what they can do on their own. Hogan, a Republican, called...