Latest Oil and gas industry News
Stocks erase a loss as worries over China tensions fizzle
Stocks closed out a solid week on Wall Street Friday with a late-afternoon rebound after worries that President Donald Trump would reignite a costly trade war with China faded. The benchmark S&P 500 index rose 0.5%, recovering from a 1% slide, after Trump outlined several actions in response to a move by...
Court rejects bid to revive cancelled US pipeline program
BILLINGS, Mont. (AP) — A federal appeals court on Thursday turned down the Trump administration's request to revive a permit program for new oil and gas pipelines, an outcome that industry representatives said could delay more than 70 projects across the U.S. and cost companies up to $2 billion. The case...
Kansas refinery reaches agreement over clean air violations
EL DORADO, Kan. (AP) — The owners of an oil refining plant in El Dorado have agreed to pay a $4 million fine for violating federal clean air regulations, federal and state officials said Thursday. HollyFrontier also will make improvements at its plant to reduce emissions and improve risk management...
Trump's fossil fuel agenda gets pushback from federal judges
BILLINGS, Mont. (AP) — Federal courts have delivered a string of rebukes to the Trump administration over what they found were failures to protect the environment and address climate change as it promotes fossil fuel interests and the extraction of natural resources from public lands. Judges have ruled...
2 companies each fined $1 million in Atchison chemical leak
TOPEKA, Kan. (AP) — Two companies that caused a chlorine gas leak over Atchison in 2106 were each fined $1 million Wednesday for violating federal clean air laws. Harcros Chemicals, Inc., and MGP Ingredients, Inc., had pleaded guilty to negligently violating the Clean Air Act. The fines, which were...
Fed report notes businesses less optimistic about economy
WASHINGTON (AP) — Businesses across the country surveyed by the Federal Reserve don’t appear to share the Trump administration's optimism about a rapid economic recovery starting this summer. The Federal Reserve released a report Wednesday that draws on business contacts from the central bank's 12...
Editorial Roundup: Louisiana
Recent editorials from Louisiana newspapers: ___ May 26 The Advocate on keeping state budget talks simple: The most practical advice that legislators can get was provided by Jan Moller, head of the Louisiana Budget Project: If you’re in a hole, stop digging. He spoke about the tax-cut bills at the State...
Venezuela's apparent respite from COVID-19 may not last long
CARACAS, Venezuela (AP) — Defying dire predictions, Venezuela so far seems to have avoided the coronavirus wave striking much of South America. But experts warn that while the virus may have been slow to spread here, due in large part to Venezuela’s isolation, the number of daily illnesses could...
New Mexico Gas Company building pipeline to Santa Fe
SANTA FE, N.M. (AP) — Construction started this month on a new $60 million gas pipeline that officials say will provide northern New Mexico with more natural gas. The 35-mile (56.3-kilometer) pipeline from Bernalillo to Santa Fe is expected to come online in December and increase supply for northern...
Asia stocks mixed on uncertainty over Hong Kong security law
Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a...
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