Latest Energy industry News

Opposition rallies as Venezuela blackout eases in some areas

Jul. 23, 2019 5:11 PM EDT

CARACAS, Venezuela (AP) — Venezuela's opposition on Tuesday sought to harness anger over a massive blackout that deepened hardship nationwide, but turnout at a Caracas demonstration was relatively modest as many Venezuelans despair of an imminent solution to their plight. Lights came back on in parts of...

Stocks close higher following solid earnings results

Jul. 23, 2019 4:44 PM EDT

NEW YORK (AP) — U.S. stocks marched broadly higher on Wall Street Tuesday as several major companies reported solid second quarter gains. Investors pushed stocks closer to the record highs they reached just over a week ago. The gains followed several stumbles last week, extending a period of volatility in...

Cause of oilfield wastewater spills in North Dakota unknown

Jul. 23, 2019 4:35 PM EDT

BISMARCK, N.D. (AP) — North Dakota health officials do not yet know what caused a pair of pipeline spills last week that leaked oilfield wastewater into a tributary of the Missouri River and over some pastureland. State Health Department environmental scientist Bill Suess said cleanup was ongoing Tuesday...

France seeks European surveillance to secure Gulf traffic

Jul. 23, 2019 3:31 PM EDT

PARIS (AP) — France says it's working with its European partners on an observation mission to ensure maritime security in the Persian Gulf, where tensions have climbed with Iran's seizure last week of a U.K.-flagged oil tanker. Foreign Minister Jean-Yves Le Drian made no mention of a Europe-led "maritime...

Lawmakers approve financial rescue for Ohio's nuclear plants

Jul. 23, 2019 2:53 PM EDT

TOLEDO, Ohio (AP) — A roughly $1 billion financial rescue for Ohio's two nuclear power plants is on the way after lawmakers and the governor signed off on a plan Tuesday that will add a new fee to every electricity bill in the state. Backed mostly by Republicans, the legislation will hand over $150 million...

The Latest: Ohio governor OKs rescue for nuclear plants

Jul. 23, 2019 2:42 PM EDT

TOLEDO, Ohio (AP) — The Latest on Ohio's financial rescue of nuclear plants (all times local): 2:40 p.m. Ohio has become the latest state to hand out a billion-dollar financial rescue for its nuclear power plants. Republican Gov. Mike DeWine quickly signed the plan Tuesday hours after lawmakers approved...

Lawmakers OK tax break for struggling coal-fired power plant

Jul. 23, 2019 1:37 PM EDT

CHARLESTON, W.Va. (AP) — West Virginia lawmakers have overwhelmingly approved a bill to give a tax break to a struggling coal-fired power plant. The Senate and the House of Delegates passed the measure Tuesday without much debate, sending it to the governor's office. The proposal would exempt FirstEnergy...

Hawaii utility cuts power service to customers after outage

Jul. 23, 2019 10:51 AM EDT

LIHUE, Hawaii (AP) — A Hawaii electric utility has asked customers to conserve energy while it periodically cuts off their electrical service while the utility recovers from a widespread power outage, officials said. Kauai Island Utility Cooperative asked for voluntary energy reductions due to its limited...

Global stocks rise on hopes for US-China trade talks

Jul. 23, 2019 7:44 AM EDT

BEIJING (AP) — Global stock markets rose Tuesday on optimism over the potential re-opening of U.S.-China trade talks and despite heightened Middle East tensions. U.S. Treasury Secretary Steven Mnuchin suggested last week that trade envoys might meet in person following two rounds of phone conversations,...

The Latest: Venezuela government says attack caused blackout

Jul. 23, 2019 7:37 AM EDT

CARACAS, Venezuela (AP) — The Latest on Venezuela's blackout (all times local): 7:35 p.m. Venezuela's socialist government is blaming a nationwide blackout on an "electromagnetic attack" against the nation's hydroelectric system. Communications Minister Jorge Rodríguez read a statement broadcast on...