Latest Oil and gas industry News

Russia claims to have taken full control of Mariupol

May. 20, 2022 22:53 PM EDT

POKROVSK, Ukraine (AP) — Russia claimed to have captured Mariupol on Friday in what would be its biggest victory yet in its war with Ukraine, after a nearly three-month siege that reduced much of the strategic port city to a smoking ruin, with over 20,000 civilians feared dead. ...

Live updates | Zelenskyy: Russia should pay for destruction

May. 20, 2022 18:08 PM EDT

KYIV, Ukraine -- President Volodymyr Zelenskyy devoted his nightly video address to Ukraine’s demand that Russia be held financially responsible for the damage its forces are inflicting on Ukraine. Just on Friday, he noted, the Russian army fired a missile at the northeastern...

Alaska job numbers in April up over a year earlier

May. 20, 2022 15:46 PM EDT

JUNEAU, Alaska (AP) — Alaska had about 6,700 more jobs last month than a year earlier but jobs in most sectors had not recovered to pre-pandemic levels, the state labor department reported Friday. There were about 11,800 fewer jobs in April than there were in April 2019, the year...

Russia to cut Finland's natural gas in latest energy clash

May. 20, 2022 11:12 AM EDT

COPENHAGEN, Denmark (AP) — Russia will cut off natural gas to Finland after the Nordic country that applied for NATO membership this week refused President Vladimir Putin's demand to pay in rubles, the Finnish state-owned energy company said Friday, the latest escalation over European energy amid...

'I can’t see the light': War fuels surging prices in Europe

May. 20, 2022 06:30 AM EDT

MILAN (AP) — Edoardo Ronzoni inspects a construction site near Milan that he shut down in March as costs for materials skyrocketed. He can’t complete a half-built roundabout at an intersection known for fender-benders because asphalt, cast-iron pipes and concrete are too expensive — prices...

Sri Lanka closes schools, limits work amid fuel shortage

May. 20, 2022 03:58 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lankan authorities closed schools and asked public officials not to come to work in a desperate move to prepare for an acute fuel shortage that is expected to last days amid the nation's worst economic crisis in decades. The Public Administration...

Asian stocks rise after Wall St slips closer to bear market

May. 20, 2022 00:34 AM EDT

BEIJING (AP) — Asian stock markets rose Friday after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation edged higher. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices fell more than $1 per barrel. ...

Companies fined $1.75m in worker death at Bay Area refinery

May. 19, 2022 21:55 PM EDT

BENICIA, Calif. (AP) — California workplace safety regulators fined a San Francisco Bay Area refinery and three contractor companies more than $1.75 million for safety violations in the death of a worker who suffocated while trying to clean a well, officials said Thursday. ...

Hawaii bill promotes zero-emission travel between islands

May. 19, 2022 21:49 PM EDT

HONOLULU (AP) — Hawaii lawmakers this year passed legislation creating a working group to develop ways to eliminate greenhouse gas emissions on transportation between the islands. Sen. Chris Lee said at a news conference on Thursday that Hawaii has some of the highest...

Fuel retailers sue over requirement to post about tax freeze

May. 19, 2022 18:32 PM EDT

SPRINGFIELD, Ill. (AP) — Illinois fuel retailers argued in a lawsuit filed Thursday that a requirement to post signs alerting consumers about a six-month freeze in the state motor-fuel tax unconstitutionally compels them to promote Gov. J.B. Pritzker's reelection campaign. The...