Latest Oil and gas industry News

Families await news of missing workers on capsized ship

Apr. 16, 2021 18:13 PM EDT

PORT FOURCHON, La. (AP) — Worried family members were waiting Friday to hear the fate of 11 workers still missing after a lift boat capsized earlier this week off Louisiana while the Coast Guard confirmed it pulled a second body from the Gulf of Mexico's waters. ...

PPG, Alcoa rise; Bank of New York, Marathon Oil fall

Apr. 16, 2021 16:18 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Alcoa Corp., up $2.79 to $35.63. The aluminum maker handily beat analyst's first-quarter profit forecasts on stronger demand and pricing. Matson...

Interior head Haaland revokes Trump-era orders on energy

Apr. 16, 2021 15:32 PM EDT

WASHINGTON (AP) — Interior Secretary Deb Haaland on Friday revoked a series of Trump administration orders that promoted fossil fuel development on public lands and waters, and issued a separate directive that prioritizes climate change in agency decisions. The moves...

New blast at St. Vincent volcano; cruise ship helps evacuees

Apr. 16, 2021 13:56 PM EDT

KINGSTOWN, St. Vincent (AP) — La Soufriere volcano shot out another explosive burst of gas and ash on Friday as a cruise ship arrived to evacuate some of the foreigners who had been stuck on a St. Vincent island coated in ash from a week of violent eruptions. The...

Alaska March job numbers lower amid ongoing pandemic toll

Apr. 16, 2021 13:04 PM EDT

JUNEAU, Alaska (AP) — Alaska had 21,900 fewer jobs last month than in March 2020, which was just before the state started experiencing large job losses due to the pandemic, the state labor department reported Friday. The department said the March data provides the final...

Blackouts cause North Dakota oil and gas production to fall

Apr. 16, 2021 07:42 AM EDT

BISMARCK, N.D. (AP) — The winter storms that paralyzed Texas and other south-central states and resulted in rolling power blackouts elsewhere caused North Dakota's oil and gas production to fall more than expected in February. The blackouts temporarily shut down...

No response as divers knock on capsized ship hull

Apr. 15, 2021 23:24 PM EDT

PORT FOURCHON, La. (AP) — Families anxiously awaited news of the 12 people missing from a capsized oil industry vessel Thursday while divers searching for survivors knocked on the ship's hull without response. Rescuers don’t know whether any of the missing might be...

UN Security Council votes on monitors of Libya cease-fire

Apr. 15, 2021 15:22 PM EDT

UNITED NATIONS (AP) — The U.N. Security Council is voting on a draft resolution that urges all foreign forces and mercenaries to leave Libya and authorizes a small U.N. team to monitor last October’s cease-fire agreement that ordered their departure. The...

German airlines, rail company aim to reduce domestic flights

Apr. 15, 2021 15:08 PM EDT

BERLIN (AP) — Germany's airline industry and main rail company said Thursday they aim to encourage more people to switch from planes to trains for domestic routes, to reduce greenhouse gas emissions. The German Aviation Association and Deutsche Bahn signed an agreement...

Capsized ship off Louisiana: 12 missing, 1 dead, 6 rescued

Apr. 14, 2021 20:52 PM EDT

PORT FOURCHON, La. (AP) — Coast Guard boats and aircraft have covered an area larger than the state of Rhode Island to search for 12 people still missing Wednesday off the Louisiana coast after their offshore oilfield vessel capsized in hurricane-force winds. One...