Latest Oil and gas industry News

Iran's seizure of UK tanker in Gulf seen as escalation

Jul. 19, 2019 5:09 PM EDT

LONDON (AP) — Britain's foreign secretary said Iranian authorities seized two vessels Friday in the Strait of Hormuz, actions signaling intensifying tensions in the strategic waterway that has become a flashpoint between Tehran and the West. Foreign Secretary Jeremy Hunt said one of the seized ships was...

The Latest: Iran says 2nd tanker has exited Iranian waters

Jul. 19, 2019 5:03 PM EDT

TEHRAN, Iran (AP) — The Latest on developments related to tensions between the U.S and Iran (all times local): 1:25 a.m. The semi-official Fars news agency is reporting that a second oil tanker detained by Iranian forces has been released and has left Iranian waters. Fars reported Friday that the...

How major US stock indexes fared Friday

Jul. 19, 2019 4:54 PM EDT

U.S. stocks pulled further back from their records on Friday to cap the weakest week for the S&P 500 since May. Indexes sloshed between small gains and losses for much of the day before turning lower in the afternoon after Iran said it seized a British oil tanker, the latest escalation of tensions between...

Reined-in rate-cut expectations, Iran tensions hit S&P 500

Jul. 19, 2019 4:48 PM EDT

NEW YORK (AP) — U.S. stocks pulled further back from their records on Friday to cap the weakest week for the S&P 500 since May. Indexes sloshed between small gains and losses for much of the day before turning lower in the afternoon after Iran said it seized a British oil tanker, the latest escalation...

Brazil's state oil company denies fuel to 2 Iranian ships

Jul. 19, 2019 4:27 PM EDT

RIO DE JANEIRO (AP) — Brazil's state oil company has refused to supply two Iranian ships anchored in the southern port of Paraná because they belong to a company sanctioned by the United States. Petrobras said in a statement Friday that the Iranian ships, which were hired by an export-import company,...

Pipe spills oilfield wastewater on pastureland near Epping

Jul. 19, 2019 4:23 PM EDT

BISMARCK, N.D. (AP) — North Dakota's Health Department says more than 12,000 gallons of oilfield wastewater has spilled from a pipeline in Williams County, impacting an unknown amount of pastureland. State environmental scientist Bill Suess (sees) says the pipeline operator, Polar Midstream LLC, reported...

Greek minister says Turkey's drilling tests EU's credibility

Jul. 19, 2019 3:29 PM EDT

NICOSIA, Cyprus (AP) — Greece's new defense minister says Turkey's illegal gas drilling off Cyprus is testing the European Union's credibility as a guardian of its members' energy interests in the Mediterranean. Nikos Panagiotopoulos said after talks with the defense minister of Cyprus on Friday that...

Operator of oil tanker says it's unable to contact ship approached by helicopters and vessels in Strait of Hormuz.

Jul. 19, 2019 2:31 PM EDT
TEHRAN, Iran (AP) — Operator of oil tanker says it's unable to contact ship approached by helicopters and vessels in Strait of Hormuz.

Iran's Revolutionary Guard says it has seized British oil tanker in Strait of Hormuz

Jul. 19, 2019 2:08 PM EDT
TEHRAN, Iran (AP) — Iran's Revolutionary Guard says it has seized British oil tanker in Strait of Hormuz .

Explosion at gas factory in central China kills at least 2

Jul. 19, 2019 11:47 AM EDT

BEIJING (AP) — An explosion Friday evening at a gas factory in central China killed two people and left 12 unaccounted for, state media said. Xinhua news agency said the rescue was continuing late into the night, citing the emergency management bureau of the city of Sanmenxia, which administers Yima, the...