Latest Oil and gas industry News

Gibraltar authorities are rejecting a renewed US request that the UK territory not release an Iranian oil tanker

Aug. 18, 2019 7:58 AM EDT
MADRID (AP) — Gibraltar authorities are rejecting a renewed US request that the UK territory not release an Iranian oil tanker.

Yemen rebel drone attack targets remote Saudi oil field

Aug. 17, 2019 1:05 PM EDT

DUBAI, United Arab Emirates (AP) — Drones launched by Yemen's Houthi rebels attacked a massive oil and gas field deep inside Saudi Arabia's sprawling desert on Saturday, causing what the kingdom described as a "limited fire" in the second such recent attack on its crucial energy industry. The attack on the...

Iranian tanker to leave Gibraltar soon despite US pressure

Aug. 17, 2019 11:40 AM EDT

GIBRALTAR (AP) — The shipping agent for an Iranian supertanker caught in a diplomatic standoff says the vessel is ready to depart Gibraltar on Sunday or Monday, as the U.S. made a last-minute effort to seize it again. The head of the company sorting paperwork and procuring for the Grace 1 oil tanker in the...

Lawyer: Iranian supertanker captain no longer wants the job

Aug. 16, 2019 7:23 PM EDT

GIBRALTAR (AP) — The captain of an Iranian supertanker at the center of a diplomatic standoff no longer wants to keep command of the ship, which is in need of repairs that could impede its immediate departure from Gibraltar, the sailor's lawyer said Friday. Any delay in the Grace 1's departure could...

The Latest: US unveils seizure warrant for Iranian tanker

Aug. 16, 2019 6:40 PM EDT

MADRID (AP) — The latest on Iranian supertanker at center of Persian Gulf tensions (all times local): 12:35 a.m. The U.S. government says it has a warrant to seize an oil tanker at the center of a diplomatic standoff because of violations of U.S. sanctions, money laundering and terrorism statutes. The U.S....

Grassley says EPA 'screwed' farmers with biofuels exemptions

Aug. 16, 2019 2:34 PM EDT

JOHNSTON, Iowa (AP) — Sen. Charles Grassley says farmers were "screwed" by the Trump administration's decision to allow some refineries to not blend ethanol with gasoline as required under federal law. During a taping of Iowa Public Television's "Iowa Press" program Friday, Grassley was asked his thoughts...

Tribe wants challenges to Dakota pipeline permits resolved

Aug. 16, 2019 2:31 PM EDT

BISMARCK, N.D. (AP) — The Native American tribe leading the fight against the Dakota Access oil pipeline wants a judge to resolve all legal challenges to federal permits issued for the project. The Standing Rock Sioux filed a motion for summary judgment in federal court Friday. The tribe argues the $3.8...

'Marvelous Mrs. Maisel' promotion jams up Los Angeles

Aug. 16, 2019 2:21 PM EDT

LOS ANGELES (AP) — A city-wide promotion in Los Angeles for a popular Amazon television series caused chaos when drivers lined up for hours to cash in on 1950s gas prices. Amazon partnered with nearly 30 businesses to roll back prices Thursday in honor of the show "The Marvelous Mrs. Maisel," set in the...

Global stocks recover some ground at end of turbulent week

Aug. 16, 2019 7:40 AM EDT

LONDON (AP) — Global stock markets looked set to end a turbulent week on a positive note although worries about the U.S. economy and the trade conflict between the U.S. and China still have the potential to derail Friday's recovery. Investors in stocks were spooked earlier this week by developments in the...

The Latest: US to revoke visas held by crew of Iranian ship

Aug. 15, 2019 10:09 PM EDT

MADRID (AP) — The latest on Iranian supertanker at center of Persian Gulf tensions (all times local): 4:05 a.m. The State Department says it will revoke U.S. visas for crew members on an Iranian oil tanker that was seized by authorities in Gibraltar for sanctions violations but released Thursday. The...