Latest Oil and gas industry News

US commander: Partnership with Kurds against IS still strong

Nov. 15, 2019 12:07 PM EST

ERBIL, Iraq (AP) — A senior U.S. coalition commander said Friday the partnership with Syrian Kurdish forces remains strong and focused on fighting the Islamic State group, despite an expanding Turkish incursion into areas under Kurdish control. The U.S.-Syrian Kurdish relationship, which dates back to...

Markets Right Now: Trade hopes send stocks toward records

Nov. 15, 2019 11:50 AM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are heading for more record highs on Wall Street after U.S. officials said they were making progress in the latest push for a trade agreement with China. Technology stocks were the biggest winners Friday....

Poland threatens to stop importing gas from Russia

Nov. 15, 2019 8:13 AM EST

WARSAW, Poland (AP) — Poland's state gas company said Friday it will stop importing natural gas from Russia’s Gazprom when a long-term contract expires in three years, unless it can secure better commercial terms. The announcement comes as Poland has been working to reduce its dependence on Russian...

Belarus holds vote, ignores blatant ballot box stuffing

Nov. 15, 2019 6:58 AM EST

MINSK, Belarus (AP) — Belarus is holding a parliamentary election but with top opposition candidates kept off the ballot, only loyalists to the nation’s authoritarian president will win in what observers see as a dress rehearsal for next year’s similarly skewered presidential vote. Belarus...

Venezuela’s Guaidó urges nation back into the streets

Nov. 15, 2019 12:47 AM EST

CARACAS, Venezuela (AP) — Venezuelan President Nicolás Maduro has seen an ally forced from office and protests rattle leaders across Latin America in recent weeks, while he has enjoyed a period of relatively smooth sailing, expounding his socialist dream in nightly television addresses and attending...

US panel backs wider use of fish oil to prevent heart attack

Nov. 14, 2019 6:17 PM EST

WASHINGTON (AP) — Government health experts on Thursday recommended broader use of a prescription-strength fish oil drug to help many more patients at risk for heart attack, stroke and related health problems. Currently the drug, Vascepa, is approved for a relatively narrow group of patients with extremely...

Buffett’s firm adds stake in RH, trims Wells Fargo holdings

Nov. 14, 2019 6:03 PM EST

OMAHA, Neb. (AP) — Warren Buffett’s company has added new investments in luxury retailer RH and Occidental Petroleum while trimming its Wells Fargo holdings. Berkshire Hathaway Inc. filed a quarterly update on its U.S. stock portfolio with regulators on Thursday. The filing shows what...

Energy nominee distances himself from Ukraine investigation

Nov. 14, 2019 3:09 PM EST

WASHINGTON (AP) — The deputy to outgoing Energy Secretary Rick Perry told lawmakers Thursday that he had no role in the Ukraine matters now at the heart of the House’s impeachment investigation as he tried to distance himself from the controversy with the Senate considering his Cabinet nomination....

Gas company to appeal pipeline rejection to Supreme Court

Nov. 14, 2019 3:04 PM EST

WYOMISSING, Pa. (AP) — A gas company whose bid to build a natural gas pipeline through parts of Pennsylvania and New Jersey was rejected in court says it will appeal to the U.S. Supreme Court. The PennEast Pipeline Company said Thursday it would file its appeal by a February deadline. In September, a...

Alaska official says BP sale of Alaska assets to advance

Nov. 14, 2019 3:00 PM EST

ANCHORAGE, Alaska (AP) — An Alaska state official says the Federal Trade Commission will let BP’s planned sale of its Alaska oil assets to Hilcorp Alaska advance. The Anchorage Daily News reports the FTC had no antitrust concerns with the $5.6 billion deal. The information was disclosed in a Tuesday...