Latest Energy industry News

Venezuela's lights coming back to life following outage

Jul. 23, 2019 8:16 AM EDT

CARACAS, Venezuela (AP) — The lights are flickering back to life across much of Venezuela following a massive blackout. Energy Minister Freddy Brito said Tuesday that power has been restored in the capital of Caracas and at least five of the South American nation's 23 states. Partial power has returned to...

Global stocks rise on hopes for US-China trade talks

Jul. 23, 2019 7:44 AM EDT

BEIJING (AP) — Global stock markets rose Tuesday on optimism over the potential re-opening of U.S.-China trade talks and despite heightened Middle East tensions. U.S. Treasury Secretary Steven Mnuchin suggested last week that trade envoys might meet in person following two rounds of phone conversations,...

The Latest: Venezuela government says attack caused blackout

Jul. 23, 2019 7:37 AM EDT

CARACAS, Venezuela (AP) — The Latest on Venezuela's blackout (all times local): 7:35 p.m. Venezuela's socialist government is blaming a nationwide blackout on an "electromagnetic attack" against the nation's hydroelectric system. Communications Minister Jorge Rodríguez read a statement broadcast on...

UN compensation panel pays out $270M for Kuwait oil company

Jul. 23, 2019 5:38 AM EDT

BERLIN (AP) — A United Nations panel that oversees compensation claims stemming from Iraq's 1990-1991 invasion of Kuwait says it has paid out $270 million to Kuwait's national oil company. The Geneva-based U.N. Compensation Commission said Tuesday the tranche brings to $48.7 billion the amount it has paid...

Asian stocks rise on hopes for US-China trade talks

Jul. 23, 2019 3:15 AM EDT

BEIJING (AP) — Asian stock markets rose Tuesday on optimism over possible new U.S.-China talks despite concerns about rising Middle East tensions. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all climbed. Traders were encouraged by U.S. Treasury Secretary Steven Mnuchin's suggestion last week that...

Hawaii utility plans service breaks following power outage

Jul. 23, 2019 2:31 AM EDT

LIHUE, Hawaii (AP) — A Hawaii electric utility is asking customers to conserve energy as it utilizes planned breaks in service to recover from a widespread power outage. The Garden Island reported Monday that Kauai Island Utility Cooperative has asked for voluntary energy reductions due to its limited...

Ohio lawmakers set vote on $1B lifeline for 2 nuclear plants

Jul. 23, 2019 1:55 AM EDT

TOLEDO, Ohio (AP) — Ohio could become the latest state to hand out a billion dollar financial rescue for its nuclear power plants. Lawmakers in the Ohio House are set to vote Tuesday on a plan that would give $150 million a year to stop the unprofitable nuclear plants from closing prematurely. Republican...

Much of Venezuela in the dark again after massive blackout

Jul. 23, 2019 12:00 AM EDT

CARACAS, Venezuela (AP) — The lights went out across much of Venezuela, reviving fears of the blackouts that plunged the country into chaos a few months ago as the government once again accused opponents of sabotaging the nation's hydroelectric power system. The power in the capital went out after 4 p.m....

Venezuelan government: nationwide blackout appears to have been caused by 'electromagnetic attack' on hydroelectric dam

Jul. 22, 2019 7:34 PM EDT
CARACAS, Venezuela (AP) — Venezuelan government: nationwide blackout appears to have been caused by 'electromagnetic attack' on hydroelectric dam .

House advances bill to aid struggling coal-fired power plant

Jul. 22, 2019 5:37 PM EDT

CHARLESTON, W.Va. (AP) — The West Virginia House of Delegates has advanced a bill to exempt a struggling coal-fired power plant from a state tax. Lawmakers in a House finance committee unanimously approved the measure Monday to stop charging FirstEnergy Solutions the $12.5 million tax. It now moves to the...