Latest Oil and gas industry News

Federal judge tosses out climate change lawsuit

Jul. 19, 2018 6:33 PM EDT

NEW YORK (AP) — New York City's effort to hold oil companies responsible for global warming was rejected by a judge Thursday who said placing blame for the issue is not the judiciary's responsibility. U.S. District Judge John F. Keenan said global warming is a problem best left to the other two branches of...

Nevada's path forward unclear after twice-delayed execution

Jul. 19, 2018 5:15 PM EDT

LAS VEGAS (AP) — Nevada twice has come close to carrying out its first execution in 12 years. And twice it failed. Condemned killer Scott Raymond Dozier says he wants to die, but the state has no clear path forward after courts blocked it from using a never-tried combination of drugs that it created after...

Report: Lake oil spill in Michigan would cost nearly $2B

Jul. 19, 2018 4:53 PM EDT

DETROIT (AP) — Hundreds of miles of Great Lakes shoreline would be spoiled under a worst-case scenario oil spill in Michigan's Straits of Mackinac, scientists reported Thursday. The cost of a doomsday spill could be as high as $1.8 billion, including $500 million in cleanup and $678 million in lost tourism...

UN diplomats: Russia and China block US on North Korea oil

Jul. 19, 2018 4:38 PM EDT

UNITED NATIONS (AP) — Russia and China blocked the United States on Thursday from getting the United Nations to publicly accuse North Korea of smuggling in refined petroleum products beyond the annual quota of 500,000 barrels allowed under U.N. sanctions, diplomats said. The Russians and Chinese, who are...

Southern Iraq's woes to continue, renewed protests possible

Jul. 19, 2018 1:35 PM EDT

BAGHDAD (AP) — Iraq's government may have muddled its way through violent street protests in the country's oil-rich south with promises of jobs and better services, but the root causes of this month's unrest remain almost intact and it could be just a matter of time before popular discontent boils over...

Chinese president visits UAE amid push to increase influence

Jul. 19, 2018 11:45 AM EDT

DUBAI, United Arab Emirates (AP) — Chinese President Xi Jinping arrived in Abu Dhabi on Thursday on his first trip to the United Arab Emirates as the leader of China at a time when the two countries look to strengthen trade ties and expand investment. It is Xi's first trip abroad since he was appointed to...

Abu Dhabi awards $1.6 billion survey project to China's CNPC

Jul. 19, 2018 9:44 AM EDT

DUBAI, United Arab Emirates (AP) — The Abu Dhabi National Oil Company says it has awarded contracts worth AED 5.88 billion ($1.6 billion) to China's largest state-owned oil company to conduct what is says is the world's largest continuous 3D offshore and onshore seismic survey. ADNOC said in a statement...

Yemen rebels claim to target Saudi oil refinery in Riyadh

Jul. 19, 2018 5:04 AM EDT

SANAA, Yemen (AP) — Yemen's Shiite rebels at war with a Saudi-led coalition say they have attacked a Saudi Aramco refinery in Riyadh but the oil company said a "minor fire" that erupted there was "due to an operational incident." Rebel spokesman Mohammed Abdul-Salam said on Twitter late on Wednesday that a...

Saudi Aramco evaluating stake in SABIC chemical firm

Jul. 19, 2018 4:46 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil company Saudi Aramco says it is evaluating whether to purchase a stake in the Saudi petrochemical maker SABIC, a move that could increase its value ahead of an initial public offering. Aramco confirmed media reports on Thursday it was in...

Top German court rejects bid to block gas pipeline

Jul. 19, 2018 4:16 AM EDT

BERLIN (AP) — Germany's highest court has rejected a bid by an environmentalist group to block construction of the planned Nord Stream 2 pipeline, which would pump Russian gas to Germany under the Baltic Sea. The Nord Stream 2 project will add to an existing direct Russian-German pipeline, increasing the...