Latest Energy industry News

Brazil's President Jair Bolsonaro, left, shakes hand with Indian Prime Minister Narendra Modi, with Indian President Ram Nath Kovind standing beside them during his ceremonial welcome at the presidential palace in New Delhi, India, Saturday, Jan. 25, 2020. Bolsonaro is this year's chief guest for India's Republic day parade. (AP Photo/Manish Swarup)

India, Brazil agree to boost ties in IT, biofuel and mining

Jan. 25, 2020 3:16 PM EST

NEW DELHI (AP) — India and Brazil agreed Saturday to boost trade and investment across a range of fields such as defense, mining, biofuel, cybersecurity, food, the environment and health. India’s Prime Minister Narendra Modi lauded Brazil as “a valuable partner” as he and visiting...

Wyoming gov says carbon capture technology can preserve coal

Jan. 25, 2020 2:22 PM EST

CASPER, Wyo. (AP) — Climate change is a man-made problem, but the solution doesn't have to come at the expense of fossil fuels, said Wyoming Gov. Mark Gordon. Gordon, who spoke Friday at the Wyoming Press Association's banquet in Casper, said developing carbon capture technology could be the solution....

Markets around the world are feeling the coronavirus chill

Jan. 25, 2020 11:26 AM EST

NEW YORK (AP) — Stocks around the world fell this week on worries that a new type of virus in China may ultimately hit profits for companies from Wuhan to Washington. The World Health Organization has held off on calling the outbreak a global health emergency but says it may become one. The virus has...

ConocoPhillips, Doyon prepare to test big Alaska drill rig

Jan. 25, 2020 11:03 AM EST

ANCHORAGE, Alaska (AP) — An Alaska North Slope oil company is preparing to unleash a massive new oil rig. ConocoPhillips and Doyon Drilling Inc. are nearly ready to test Doyon’s Rig 26, known internally as “The Beast," the Alaska Journal of Commerce reported. Rig 26 will be able drill up to...

FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya.  ON Saturday, Jan. 18, 2020, the National Oil Corporation in Libya says that a decision by east-based forces to choke off oil exports from its territory has threatened to throttle much of the country’s oil production. Powerful tribal groups loyal to Gen. Khalifa Hifter, whose forces control much of eastern Libya, seized several large export terminals along the eastern coast as well as southern oil fields in a challenge to the rival U.N.-backed government based in Tripoli, which collects revenues from oil production. The move has ratcheted up tensions ahead of an international peace summit to end the civil war. (AP Photo/Hussein Malla, File)

Libya says oil shutdown caused over $255 million in losses

Jan. 25, 2020 10:34 AM EST

CAIRO (AP) — The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the country’s national oil company said Saturday. The closures came when powerful tribal groups loyal to military commander...

Gas prices keep dropping amid more supply, low crude prices

Jan. 25, 2020 10:12 AM EST

TRENTON, N.J. (AP) — Drivers in New Jersey and around the nation are seeing prices at the pump continue to fall amid an increase in gasoline supplies and a drop in crude oil prices. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.60, down two cents from...

2 killed, 20 injured when warehouse explosion shakes Houston

Jan. 24, 2020 11:18 PM EST

HOUSTON (AP) — A massive explosion Friday leveled a warehouse in Houston, killing two workers, damaging nearby buildings and homes and rousing frightened residents from their sleep miles away, authorities said. The explosion happened about 4:30 a.m. inside a building at Watson Grinding and Manufacturing,...

FILE - In this Jan. 6, 2016, file photo, people protest against the Jordan Cove LNG Pipeline on Crater Lake Highway in Medford, Ore. A Canadian energy company on Friday, Jan. 24, 2020, withdrew its application for a state permit for the project, and a project spokesman said it is instead awaiting possible federal approval. (Jamie Lusch/The Medford Mail Tribune via AP, File)

Energy firm withdraws permit application for Oregon pipeline

Jan. 24, 2020 8:34 PM EST

SALEM, Ore. (AP) — A Canadian energy company has withdrawn its application for a state permit for a controversial natural gas pipeline and export terminal in Oregon, and a project spokesman said Friday it is instead awaiting possible federal approval. Two Oregon state lawmakers on Friday accused the...

FILE - In this Nov. 21, 1996, file photo, tourists cast their shadows on the ancient Anasazi ruins of Chaco Culture National Historical Park in New Mexico. Lawmakers from the country's largest American Indian reservation may have thrown a wrinkle into efforts aimed at establishing a permanent buffer around the national park as New Mexico's congressional delegation, environmentalists and other tribes try to keep oil and gas development from getting closer to the World Heritage site. Navajo Nation delegates voted Thursday, Jan. 23, 2020, to support a buffer only half the size of the one proposed in legislation pending in Congress. (AP Photo/Eric Draper, File)

Navajo lawmakers opt for smaller buffer around national park

Jan. 24, 2020 7:13 PM EST

Lawmakers from the country's largest American Indian reservation may have thrown a wrinkle into efforts aimed at establishing a permanent buffer around Chaco Culture National Historical Park, as New Mexico’s congressional delegation, environmentalists and other tribes try to keep oil and gas development...

A man burn joss sticks as he prays at the Wong Tai Sin Temple, Friday, Jan. 24, 2020, in Hong Kong, to celebrate the Lunar New Year which marks the Year of the Rat in the Chinese zodiac. China is expanding its lockdown against the deadly new virus to an unprecedented 36 million people and rushing to build a prefabricated, 1,000-bed hospital for victims as the outbreak cast a pall over Lunar New Year, the country’s biggest and most festive holiday. (AP Photo/Achmad Ibrahim)

For businesses, virus in China fans fear and uncertainty

Jan. 24, 2020 6:02 PM EST

China’s worst health crisis in years has sparked fear and uncertainty for businesses from North America to Asia that depend on trade in the affected region. Experts say it’s too soon to know how disruptive the crisis will prove. But it’s already having an impact. McDonald’s has...