Latest Oil and gas industry News

Indian Prime Minister Narendra Modi holds a face mask as he attends a a rally in Sivsagar, east of Gauhati, India, Saturday, Jan. 23, 2021. Modi attended a rally to distribute land allotment certificates to landless indigenous people in Assam’s Sivasagar district, under a special programme of the state government. (AP Photo/Anupam Nath)

India invites investors to help develop manufacturing hub

Jan. 28, 2021 9:21 AM EST

NEW DELHI (AP) — India’s prime minister on Thursday invited foreign investors to take advantage of the country’s $26 billion incentive-linked program and help the country become a manufacturing hub. India will need an investment of $ 4.5 trillion by 2040 to develop its vast infrastructure,...

FILE This March 9, 2016 file photo shows the latest generation of SunPower solar panels that are stacked in Positive Energy Solar's warehouse in Albuquerque, N.M.  The future looks bright for solar and other renewable energy technology.  The sector should benefit from a much friendlier administration in the White House.  (AP Photo/Susan Montoya Bryan, File)

Investors see green returns as renewable energy rises

Jan. 28, 2021 9:10 AM EST

The future looks bright for solar and other renewable energy technology. FirstSolar, Enphase and SunPower are among the renewable energy stocks that are benefiting from a much friendlier administration in the White House, whose agenda includes tackling climate change and bolstering green energy. Their stocks...

President Joe Biden signs an executive order on climate change, in the State Dining Room of the White House, Wednesday, Jan. 27, 2021, in Washington. (AP Photo/Evan Vucci)

Biden: 'We can't wait any longer' to address climate crisis

Jan. 28, 2021 12:36 AM EST

WASHINGTON (AP) — In the most ambitious U.S. effort to stave off the worst of climate change, President Joe Biden signed executive orders to transform the nation’s heavily fossil-fuel powered economy into a clean-burning one, pausing oil and gas leasing on federal land and targeting subsidies for...

President Joe Biden signs an executive order on climate change, in the State Dining Room of the White House, Wednesday, Jan. 27, 2021, in Washington. (AP Photo/Evan Vucci)

Biden: 'We can't wait any longer' to address climate crisis

Jan. 27, 2021 11:56 PM EST

WASHINGTON (AP) — In the most ambitious U.S. effort to stave off the worst of climate change, President Joe Biden signed executive orders Wednesday to transform the nation’s heavily fossil-fuel powered economy into a clean-burning one, pausing oil and gas leasing on federal land and targeting...

FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. Oil and gas development infused $2.8 billion into New Mexico coffers during the 2020 fiscal year and marked its second-highest total revenue ever reported despite a global price war and plummeting demand amid the coronavirus pandemic, according to a report released Monday, Dec. 21, 2020. (AP Photo/Charlie Riedel, File)

New Mexico senators, advocates back Biden oil and gas plans

Jan. 27, 2021 5:36 PM EST

ALBUQUERQUE, N.M. (AP) — Local officials and residents in New Mexico’s oil patches are anxious as the Biden administration takes aim at the oil and natural gas industry with a series of new executive orders. But the state’s two U.S. senators are supporting the actions, saying it’s time...

Residents propose Weld County leaves Colorado, joins Wyoming

Jan. 27, 2021 3:01 PM EST

DENVER (AP) — Residents have launched an effort to get a measure on the November ballot that would explore a Colorado county becoming part of Wyoming. A Colorado campaign finance disclosure website showed that Christopher Richards registered political committee Weld County Wyoming last February, KDVR-TV...

Mountain Valley Pipeline changes strategy on permits

Jan. 27, 2021 9:41 AM EST

ROANOKE, Va. (AP) — Mountain Valley Pipeline says it will abandon its plan to use a blanket permit to cross nearly 500 streams and wetlands. The Roanoke Times reported Tuesday that the pipeline project will instead apply for individual approvals for each open-cut crossing. That will make for a more...

In this undated photo released by Indonesian Maritime Security Agency (BAKAMLA), a BAKAMLA ship escorts Iranian-flagged tanker MT Horse, top right, as they sail towards Batam Island, Indonesia. Indonesian authorities detained the crews MT Horse and Panamanian-flagged MT Freya that were seized Sunday for illegally transferring oil in Indonesian waters, an official said Tuesday. (Indonesian Maritime Security Agency via AP)

China asks Indonesia to treat detained sailors fairly

Jan. 27, 2021 5:41 AM EST

BEIJING (AP) — China's government called on Indonesia on Wednesday to treat a group of detained Chinese sailors fairly but gave no indication what their oil tanker was doing when it was found at sea transferring fuel from an Iranian ship. The Iranian-flagged MT Horse and Panamanian-flagged MT Freya were...

Former Secretary of State John Kerry arrives for the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021. (AP Photo/Patrick Semansky, Pool)

Kerry aims to talk US back into a lead role in climate fight

Jan. 27, 2021 12:06 AM EST

From a wood-paneled library in his Boston mansion, new climate envoy John Kerry is talking the U.S. back into a leading role in global climate action, making clear the nation isn't just revving up its own efforts to reduce oil, gas and coal pollution but that it intends to push everyone in the world to do more,...

FILE - In this April 9, 2014, file photo, oil rigs stand in the Loco Hills field on U.S. Highway 82 in Eddy County near Artesia, N.M., one of the most active regions of the Permian Basin. President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change.  (AP Photo/Jeri Clausing, File)

AP sources: Biden to pause oil and gas sales on public lands

Jan. 26, 2021 11:02 PM EST

WASHINGTON (AP) — President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands and waters, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change. Two people with knowledge of...