Latest Oil and gas industry News

Merkel defends Iran deal, multilateralism but Pence resists

Feb. 16, 2019 7:49 PM EST

MUNICH (AP) — German Chancellor Angela Merkel drew lengthy applause Saturday for her spirited defense of a multilateral approach to global affairs and support for Europe's decision to stand by a nuclear deal with Iran. U.S. Vice President Mike Pence was not among the impressed, however, and he doubled down...

The Latest: Russian envoy lashes out a UK defense minister

Feb. 16, 2019 1:33 PM EST

MUNICH (AP) — The Latest on the international security conference taking place in Munich (all times local): 7 p.m. Russian Foreign Minister Sergey Lavrov has fired back at British Defense Minister Gavin Williamson, calling him the "minister of war." Lavrov's comments Saturday came the day after Williamson...

Gas prices tick up in New Jersey, across nation

Feb. 16, 2019 9:45 AM EST

TRENTON, N.J. (AP) — Gas prices have ticked up a bit in New Jersey and across the nation as crude oil prices continue to climb and refineries prepare for spring maintenance. AAA Mid-Atlantic says the average price of a gallon of regular gas in South Jersey was the state on Friday was $2.33, up a penny from...

Lawmakers mull medical pot cultivation, drones near prisons

Feb. 16, 2019 9:29 AM EST

ATLANTA (AP) — The Georgia legislature is beginning to pick up its pace as the 2019 session approaches the half-way mark. Friday marked legislative day 16 of 40. The past week saw the governor sign his first bill, a measure that clarifies when vehicles can pass a school bus. A new bill in the House would...

How man went from high roller to YouTube apology

Feb. 16, 2019 3:02 AM EST

TAMPA, Fla. (AP) — James Cordier seemed a man on top of his game. He lived in a bayfront mansion with travertine floors and an infinity pool. He had a sleek office in a downtown Tampa skyscraper. Jeff Vinik, owner of the Tampa Bay Lightning, and nearly 300 other wealthy clients trusted him to make smart...

Nigeria delays election until Feb. 23 over 'challenges'

Feb. 15, 2019 11:53 PM EST

KANO, Nigeria (AP) — Nigeria's electoral commission delayed the presidential election until Feb. 23, making the announcement a mere five hours before polls were set to open Saturday. It cited unspecified "challenges" amid reports that voting materials had not been delivered to all parts of the country....

New Mexico shuns proposal to raise royalty rates on oil

Feb. 15, 2019 9:17 PM EST

SANTA FE, N.M. (AP) — New Mexico state legislators shunned a proposal to increase the maximum royalty rate for oil and natural gas production on state trust lands that generate money for public schools, after hours of contentious public debate Friday. The bill would have raised the top potential royalty...

Judge keeps most Keystone XL pipeline work on hold

Feb. 15, 2019 7:55 PM EST

BILLINGS, Mont. (AP) — A federal judge in Montana has largely kept in place an injunction that blocks a Canadian company from performing preliminary work on the stalled Keystone XL oil pipeline. U.S. District Judge Brian Morris on Friday denied a request by Calgary-based TransCanada to begin constructing...

Mountain Valley Pipeline subject of criminal probe

Feb. 15, 2019 7:26 PM EST

RICHMOND, Va. (AP) — Federal authorities have launched a criminal investigation into the Mountain Valley Pipeline in Virginia. The natural gas pipeline's parent company said in recent corporate filings with the SEC that it has been informed by the U.S. Attorney's Office for the Western District of Virginia...

Haiti to unveil economic measures to quell violent protests

Feb. 15, 2019 6:51 PM EST

PORT-AU-PRINCE, Haiti (AP) — Haitians on Friday vowed to keep protesting until President Jovenel Moise resigns, despite his announcement of upcoming economic measures designed to quell more than a week of violent demonstrations across the country. Moise said during a televised address late Thursday that he...