Latest Oil and gas industry News

Iraqi PM denies allegations attack drones took off from Iraq

Jun. 26, 2019 5:24 AM EDT

BAGHDAD (AP) — Iraq's prime minister is denying allegations that drones which targeted Saudi oil pipelines last month could have taken off from Iraq, rather than Yemen. The attack — claimed by Yemen's Iranian-backed Houthi rebels who are at war with Saudi Arabia — was part of a series of...

Saudi Arabia vows to help S. Korea if oil supplies disrupted

Jun. 26, 2019 5:08 AM EDT

SEOUL, South Korea (AP) — South Korean President Moon Jae-in met Wednesday with visiting Saudi Arabian Crown Prince Mohammad bin Salman, who promised to help with possible fuel shortages in case of supply disruptions caused by tensions in the Middle East. Moon and the Saudi prince also called for...

Greece: Turkey's gas drilling off Cyprus shows 'weakness'

Jun. 25, 2019 3:25 PM EDT

NICOSIA, Cyprus (AP) — The prime minister of Greece says Turkey's ongoing drilling for gas in waters where Cyprus has exclusive economic rights is a sign of "weakness." Greek Prime Minister Alexis Tsipras warned Tuesday of "grave consequences" for Turkey's relations with the European Union and for regional...

Refinery fire probe continues; no health concerns found

Jun. 25, 2019 2:57 PM EDT

PHILADELPHIA (AP) — Officials say it will take some time to determine the cause of last week's fire and explosion at a Philadelphia refinery, but nothing of concern to public health has been found. Fire Commissioner Adam Thiel says investigators haven't been able to go to some areas at the Philadelphia...

AP Exclusive: Imprisoned supercop's escape from Venezuela

Jun. 25, 2019 2:50 PM EDT

WASHINGTON (AP) — As the last rays of sunlight faded into the Caribbean Sea, political fugitive Iván Simonovis was speeding toward an island rendezvous with freedom. Three weeks earlier he had fled house arrest in the Venezuelan capital, rappelling down a 75-foot (25-meter) wall in the dead of night,...

Asian stocks lower ahead of Trump-Xi meeting at G-20 summit

Jun. 25, 2019 12:12 AM EDT

BEIJING (AP) — Major Asian stock markets declined Tuesday as traders looked ahead to a meeting between the American and Chinese presidents amid hopes for renewed trade talks. Benchmarks in Tokyo, Shanghai and Hong Kong declined. Seoul and Sydney were little-changed. Investors were encouraged by the...

Hidden oil spill: New study contradicts owner's claims

Jun. 24, 2019 9:02 PM EDT

NEW ORLEANS (AP) — A new federally led study of oil seeping from a platform toppled off Louisiana's coast 14½ years ago found releases lower than other recent estimates, but contradicts the well owner's assertions about the amount and source of oil. Oil and gas have been leaking into the Gulf of...

Jay Inslee: End government partnership with fossil fuels

Jun. 24, 2019 8:42 PM EDT

Democratic presidential candidate Jay Inslee is proposing a clean break between the federal government and the fossil fuel industry, ending tax breaks for oil companies and banning all drilling and extraction on federal lands and beneath federal waters. It's the latest proposal stemming from Inslee's emphasis on...

Pompeo in Mideast talks on building a coalition against Iran

Jun. 24, 2019 8:33 PM EDT

DUBAI, United Arab Emirates (AP) — U.S. Secretary of State Mike Pompeo held talks Monday with leaders in Saudi Arabia and the United Arab Emirates about countering the military threat from Iran by building a broad, global coalition that includes Asian and European countries. While Pompeo has seemingly...

Blurred lines: Trump's UN choice and her coal magnate spouse

Jun. 24, 2019 7:32 PM EDT

WASHINGTON (AP) — The email went out from senior Environmental Protection Agency officials to Kelly Craft, the U.S. ambassador to Canada, responding to questions she had about a funding matter. But the acknowledgment email the EPA got back a few hours later wasn't from the ambassador. It was from her...