Latest Oil and gas industry News

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 29, 2020. Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. (AP Photo/Eugene Hoshiko)

Stocks erase a loss as worries over China tensions fizzle

May. 29, 2020 5:13 PM EDT

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...

In this April 13, 2020, photo provided by TC Energy, construction contractors for TC Energy are seen installing a section of the Keystone XL crude oil pipeline at the U.S.-Canada border north of Glasgow, Mont. U.S. District Judge Brian Morris has struck down a nationwide permitting program for new oil and gas pipelines in a lawsuit against the controversial Keystone XL oil sands pipeline from Canada. (TC Energy via AP)

Court rejects bid to revive cancelled US pipeline program

May. 28, 2020 6:39 PM EDT

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

May. 28, 2020 5:50 PM EDT

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...

FILE - This Dec. 22, 2018, file photo shows a pump jack over an oil well along Interstate 25 near Dacono, Colo. 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. (AP Photo/David Zalubowski, File)

Trump's fossil fuel agenda gets pushback from federal judges

May. 28, 2020 3:54 PM EDT

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

May. 27, 2020 6:39 PM EDT

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...

Workers build a protective barrier as construction resumed on the New York Islanders' new arena, located adjacent to Belmont race track, during the current coronavirus outbreak, Wednesday, May 27, 2020, in Elmont, N.Y. Long Island became the latest region of New York to begin easing restrictions put in place to curb the spread of the coronavirus as it entered the first phase of the state's four-step reopening process. Gov. Andrew Cuomo announced Tuesday that Nassau and Suffolk counties could begin reopening parts of their economy after nonessential businesses were shuttered for two months. (AP Photo/Kathy Willens)

Fed report notes businesses less optimistic about economy

May. 27, 2020 5:10 PM EDT

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

May. 27, 2020 2:47 PM EDT

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...

Homes cover a hill in the San Agustin neighborhood of Caracas, Venezuela, Sunday, May 17, 2020. President Nicolas Maduro is relaxing quarantine measures over the weekend by allowing children and older adults out of their homes for a few hours each day. (AP Photo/Matias Delacroix)

Venezuela's apparent respite from COVID-19 may not last long

May. 27, 2020 12:22 AM EDT

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

May. 27, 2020 12:02 AM EDT

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...

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)

Asia stocks mixed on uncertainty over Hong Kong security law

May. 26, 2020 11:48 PM EDT

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...