Latest Oil and gas industry News

Asian shares gain after Fed chair signals slower rate hikes

Dec. 01, 2022 03:59 AM EST

BANGKOK (AP) — Shares advanced in Europe and Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation. Signs that China may be shifting its approach to containing COVID-19 outbreaks to...

Asian shares gain after Fed chair signals slower rate hikes

Nov. 30, 2022 23:18 PM EST

BANGKOK (AP) — Shares advanced in Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation. Signs that China may be shifting its approach to containing COVID-19 outbreaks to focus more...

19 injured in ethane explosion in southern Mexico

Nov. 30, 2022 11:42 AM EST

MEXICO CITY (AP) — Authorities in the Mexican Gulf coast state of Veracruz said 19 people were injured where a pipeline carrying ethane gas exploded. The Veracruz state civil defense office said most of the people injured in the explosion Tuesday in the town of Agua Dulce suffered...

German gas importer Uniper seeks damages from Gazprom

Nov. 30, 2022 10:14 AM EST

BERLIN (AP) — German energy company Uniper said Wednesday it's suing Gazprom for damages over natural gas that hasn't been delivered since June, when the Russian supplier started reducing amounts to Germany. Gas importer Uniper said it has initiated proceedings against Gazprom...

German government mulls stake in Dutch grid operator TenneT

Nov. 30, 2022 09:51 AM EST

BERLIN (AP) — The German government said Wednesday it is considering taking a stake in Dutch grid operator TenneT, which has a large footprint in Germany. Germany already has a minority stake in rival grid operator 50 Hertz, via the state-owned investment bank KfW, and Economy...

Spain: Nigerian stowaways found on ship's rudder seek asylum

Nov. 30, 2022 08:26 AM EST

BARCELONA, Spain (AP) — The three Nigerian stowaways found on an oil tanker's rudder after an 11-day ocean voyage from Lagos, Nigeria to Las Palmas in the Canary Islands are seeking asylum in Spain, a spokesperson for the Spanish government delegation in the Canaries said Wednesday. ...

Editorial Roundup: Pennsylvania

Nov. 30, 2022 07:14 AM EST

Philadelphia Daily News/Inquirer. November 27, 2022. Editorial: Don’t gamble with kids? The state should heed its own advice. Running public service announcements will not stop the social ills spurred by Pennsylvania’s reckless policy on gambling. ...

Asian shares mostly decline ahead of Fed chair's key speech

Nov. 29, 2022 23:28 PM EST

TOKYO (AP) — Asian shares were mostly lower Wednesday ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes. Investors were also eyeing developments in China, where protests have erupted over the “zero-COVID”...

Gas driller pleads no contest to polluting town's water

Nov. 29, 2022 19:39 PM EST

MONTROSE, Pa. (AP) — Pennsylvania’s most active gas driller pleaded no contest Tuesday to criminal charges, capping a landmark environmental case against a company that prosecutors say polluted a rural community's drinking water 14 years ago and then tried to evade responsibility. ...

Bribery trial tests US cases against Venezuela kleptocrats

Nov. 29, 2022 16:58 PM EST

FORT LAUDERDALE, Fla. (AP) — For years, as the U.S. has ramped up pressure on Venezuela’s socialist government, dozens of allegedly corrupt insiders have raced through the U.S. criminal justice system, cutting plea bargains to avoid lengthy prison sentences and sparing prosecutors the work of...