Latest Oil and gas industry News

Mexican President Andres Manuel Lopez Obrador waves a starting flag during a ceremony in Lazaro Cardenas, Quintana Roo state, Mexico, Monday, June 1, 2020. Amid a pandemic and the remnants of a tropical storm, President Lopez Obrador kicked off Mexico's return to a

Mexican president defies leftist label in virus response

Jun. 2, 2020 12:04 AM EDT

When Andrés Manuel López Obrador won Mexico’s presidency after years of agitating for change, many expected a transformative leader who would take the country to the left even as much of Latin America moved right. Instead, López Obrador is leading like a conservative in many ways —...

A woman wearing a face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, June 1, 2020. Asian stock markets have rebounded after U.S. President Donald Trump avoided reigniting a trade war with China amid tension. (AP Photo/Vincent Yu)

Asian shares mostly higher following Wall Street gains

Jun. 2, 2020 12:02 AM EDT

TOKYO (AP) — Shares were mostly higher in Asia on Tuesday, lifted by moves to reopen many regional economies from shutdowns aimed at containing the coronavirus pandemic. Benchmarks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai and Sydney. Jakarta’s main index jumped 2% and...

Bid to halt Nevada oil drilling in sage grouse habitat

Jun. 1, 2020 2:12 PM EDT

RENO, Nev. (AP) — Conservationists say the Trump administration’s approval of exploratory drilling for oil in sage grouse habitat on federal land in eastern Nevada violates its own protection guidelines and ignores concerns raised by scientists about potential harm to the bird imperiled across much...

Greece calls Turkey's oil-and-gas plan a 'provocation'

Jun. 1, 2020 12:50 PM EDT

ATHENS, Greece (AP) — Greece said Monday that it is determined to oppose plans by Turkey to expand oil-and-gas exploration in the Mediterranean Sea, in a deepening regional dispute over mineral rights. “Greece stands ready to deal with this provocation should Turkey decide to implement this...

Bulgaria expects to finish Russian gas pipeline on time

Jun. 1, 2020 10:29 AM EDT

SOFIA, Bulgaria (AP) — Bulgaria says it aims to build on time its stretch of a pipeline that will bring Russian gas to Europe, despite unforeseen delays due to the COVID pandemic. The 474-kilometer (296-mile) Bulgarian stretch of the pipeline will be ready by the end of this year, Prime Minister Boyko...

Alaska regulators fine Hilcorp $30K for oil meter violations

Jun. 1, 2020 9:51 AM EDT

ANCHORAGE, Alaska (AP) — Alaska regulators have fined Hilcorp Energy Co. $30,000 for meter-related violations at an oil and gas field on the Kenai Peninsula, citing the company’s history of violations as a factor for the penalty. The Alaska Oil and Gas Conservation Commission said in a May 14 order...

The Latest: California closes all downtown state buildings

Jun. 1, 2020 3:28 AM EDT

The Latest on the death in Minneapolis of George Floyd, a handcuffed black man who pleaded for air as a white police officer pressed a knee on his neck: ___ SAN FRANCISCO — The state Department of Human Resources sent a directive to close all California state buildings “with offices in downtown city...

A man wearing a face mask amid the new coronavirus pandemic walks in front of an empty state oil company gas station while a tanker truck unloads gasoline in Caracas, Venezuela, Sunday, May 31, 2020. After decades of being the cheapest gasoline in the world, Venezuelan President Nicolas Maduro indicates that as of next Monday a new pricing scheme will be imposed on some 200 stations. (AP Photo/Matias Delacroix)

With cheap gasoline scarce, Venezuelans can buy at a premium

May. 31, 2020 7:25 PM EDT

CARACAS, Venezuela (AP) — President Nicolás Maduro said that starting Monday Venezuelans will be able to buy gasoline at international market prices, marking a historic break in the socialist country's practice of having the world's cheapest fuel. Across the nation, 200 filling stations will allow...

Average US gas price up 8 cents over 2 weeks to $2.05

May. 31, 2020 2:04 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline rose 8 cents over the past two weeks, to $2.05 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that the jump comes as crude oil costs rise and gasoline demand increases amid widespread easing of...

Gas prices tick up again in New Jersey, around nation

May. 30, 2020 9:42 AM EDT

TRENTON, N.J. (AP) — Gas prices ticked upward again in New Jersey and around the nation, but analysts don't expect gasoline to become as expensive as it was last summer. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.02, up a penny from a week ago. The...