Latest Oil and gas industry News

Pedestrians pass the New York Stock Exchange Wednesday, Oct. 14, 2020, in New York. Stocks are mostly lower in Asia after pandemic concerns snapped a four-day winning streak on Wall Street.  US stocks are drifting higher Wednesday, Oct. 21,  as negotiations continue in Washington on more aid for the economy, though prospects remain cloudy that anything can happen soon.(AP Photo/Frank Franklin II)

Stocks slip on Wall Street as virus aid deal remains elusive

Oct. 21, 2020 4:44 PM EDT

U.S. stocks capped another wobbly day of trading with modest losses Wednesday as Wall Street waited for any signs of progress as lawmakers in Washington negotiate over how to deliver more aid for the economy. The S&P 500 slipped 0.2% after shifting between small gains and losses for much of the day. The...

FILE - In this Monday, April 26, 2010, aerial file photo taken over the Gulf of Mexico, weathered oil is seen near the coast of Louisiana from a leaking pipeline that resulted from the explosion and collapse of the Deepwater Horizon oil rig a week earlier. Environmental groups have asked a federal court to toss out the government's assessment of oil and gas activity's likely effects on endangered species in the Gulf of Mexico. A lawsuit filed Wednesday, Oct. 21, 2020, says the report doesn’t consider the likelihood of another catastrophic oil spill like BP's Deepwater Horizon spill of 2010. (AP Photo/Gerald Herbert, File)

Suit: Feds ignore risk of huge spills to endangered species

Oct. 21, 2020 1:21 PM EDT

NEW ORLEANS (AP) — Environmental groups asked a federal court Wednesday to throw out the Trump administration's assessment of oil and gas activity’s likely effects on endangered species in the Gulf of Mexico, saying it dismisses the chance of another disastrous blowout like the BP spill of 2010. ...

Stephanie Williams, Acting Special Representative of the Secretary-General and Head of the United Nations Support Mission in Libya, speaks about the fourth round of the 5+5 Libyan Joint Military Commission, during a press conference at the European headquarters of the United Nations in Geneva, Switzerland, Monday, Oct. 21, 2020. (Martial Trezzini/Keystone via AP)

UN envoy hails early agreements in Libya talks

Oct. 21, 2020 12:48 PM EDT

GENEVA (AP) — The U.N. envoy for Libya said Wednesday the two warring factions have agreed on issues that “directly impact the lives and welfare of the Libyan people,” noting that the thorny work to cement a cease-fire in the restive North African country will continue. Stephanie Turco...

President Donald Trump acknowledges his supporters after speaking at a campaign rally at Erie International Airport, in Erie, Pa, Tuesday, Oct. 20, 2020. (AP Photo/Gene J. Puskar)

Trump tends to his electoral map, Biden eyes Obama boost

Oct. 21, 2020 10:54 AM EDT

WASHINGTON (AP) — President Donald Trump is hopping from one must-win stop on the electoral map to the next in the leadup to a final presidential debate that may be his last, best chance to alter the trajectory of the 2020 campaign. As Democrat Joe Biden holes up for debate prep in advance of Thursday's...

A man looks at an electronic stock board of a securities firm in Tokyo, Wednesday, Oct. 21, 2020. Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.(AP Photo/Koji Sasahara)

Asian shares rise after Wall Street gains on solid earnings

Oct. 20, 2020 11:19 PM EDT

TOKYO (AP) — Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies. Japan's benchmark Nikkei 225 gained 0.5% in morning trading to 23,676.90. South Korea's Kospi added 0.4% to 2,366.40, while Australia's...

President Donald Trump speaks during a campaign rally at Erie International Airport Tom Ridge Field in Erie, Pa, Tuesday, Oct. 20, 2020. (AP Photo/Gene J. Puskar)

In debate countdown, Trump holds rally, Biden does prep

Oct. 20, 2020 9:12 PM EDT

ERIE, Pa. (AP) — President Donald Trump pushed into arguably the most important state on the electoral map on Tuesday, opting for a rally in Pennsylvania instead of formal debate practice two days ahead of the final presidential debate that may be his last, best chance to alter the trajectory of the 2020...

FILE - In this Oct. 5, 2016, file photo, heavy equipment is seen at a site where sections of the Dakota Access pipeline were being buried near the town of St. Anthony in Morton County, N.D. Native American tribes opposed to the Dakota Access Pipeline once again have asked a federal judge to stop the flow of oil while the legal battle over the line's future plays out. (Tom Stromme/The Bismarck Tribune via AP, File)

Tribes make new move to shut down Dakota Access Pipeline

Oct. 20, 2020 9:38 AM EDT

BISMARCK, N.D. (AP) — Native American tribes opposed to the Dakota Access Pipeline once again have asked a federal judge to stop the flow of oil while the legal battle over the line’s future plays out. The Standing Rock Sioux and other tribes succeeded on their first attempt, only to have an appeals...

Emirati officials pay first Israel visit after forging ties

Oct. 20, 2020 8:56 AM EDT

JERUSALEM (AP) — A delegation of senior Emirati officials visited Israel on Tuesday for the first time since the two countries agreed to normalize relations, where they signed a slew of bilateral agreements meant to solidify their new ties. U.S. Treasury Secretary Steven Mnuchin accompanied Emirati Finance...

People stand near a bank's electronic board showing the Hong Kong share index Tuesday, Oct. 20, 2020. Asian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election.   (AP Photo/Vincent Yu)

Asian shares track Wall Street fall as virus aid hopes fade

Oct. 19, 2020 11:55 PM EDT

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U.S. economy before the U.S. presidential election. Investors have been focusing on U.S. economic stimulus amid global uncertainty about the...

FILE - This Feb. 9, 2016, file photo shows an ice-covered ConocoPhillips sign at a drilling site in Nuiqsut, Alaska. ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion. The companies said Monday, Oct. 19, 2020, that the combined business will be the largest independent oil and gas company, with pro forma production of more than 1.5 million barrels of oil equivalent per day.  (AP Photo/Mark Thiessen, File)

ConocoPhillips buying Concho in $9.7B all-stock deal

Oct. 19, 2020 4:24 PM EDT

NEW YORK (AP) — ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion, making it a major presence in the Permian Basin, the top-producing oil field in the U.S. The combined company, if approved, would be among the largest U.S. oil producers, with production of...