Latest Oil and gas industry News

A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, June 5, 2020. Asian markets are mostly lower after Wall Street rally takes a breather, as investors parse unemployment data. (AP Photo/Eugene Hoshiko)

World shares, Wall St futures advance ahead of US jobs data

Jun. 5, 2020 5:24 AM EDT

Shares surged Friday in early European trading and Wall Street futures were higher after a broad advance in Asia as investors await U.S. jobs data for May. Germany's DAX gained 2% to 12,676.90 and the CAC 40 in Paris added 2.1% to 5,114.49. Britain's FTSE 100 rose 1.2% to 6,414.95. Fresh stimulus from the...

A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, June 5, 2020. Asian markets are mostly lower after Wall Street rally takes a breather, as investors parse unemployment data. (AP Photo/Eugene Hoshiko)

Asian shares higher after jobless data snaps Wall St rally

Jun. 5, 2020 12:50 AM EDT

Shares were mostly higher in Asia on Friday after U.S. unemployment data gave the S&P 500 its first loss in five days. Tokyo's Nikkei 225 index gained 0.4% to 22,790.65 after opening lower. The Hang Seng in Hong Kong edged 0.1% higher, to 24,371.38. India's Sensex rose 0.8% to 34,265.86 and the Kospi in...

A woman walks past a closed souvenir shop in central capital Nicosia, Cyprus, Wednesday, June 3, 2020. Health Minister Constantinos Ioannou said the third phase of the country's gradual rollback of restrictions will be completed by June 24 instead of July 14. (AP Photo/Petros Karadjias)

Cyprus study shows big pollutant drop during lockdown

Jun. 4, 2020 12:56 PM EDT

NICOSIA, Cyprus (AP) — Researchers in Cyprus offered more evidence on Thursday that a two-month lockdown benefited the Mediterranean island nation’s environment. Preliminary results showed significantly reduced levels of carbon monoxide and nitrogen oxides along a normally busy street and in a...

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 4, 2020.  Asian stock markets are mixed after Wall Street rose on better U.S. jobs and manufacturing data than expected.(AP Photo/Lee Jin-man)

Asia markets mixed after Wall Street rises on better US data

Jun. 3, 2020 11:54 PM EDT

Most Asian stock markets were mixed Thursday after Wall Street gain on surveys showing better U.S. jobs and manufacturing conditions than expected. Benchmarks in Shanghai and Hong Kong declined while Tokyo, Sydney and Southeast Asia advanced. Stock markets have risen on optimism about a possible global recovery...

Rain clouds hover over mountains during tropical storm Amanda in Barberena, eastern Guatemala, Sunday, May 31, 2020. The first tropical storm of the Eastern Pacific season drenched parts of Central America on Sunday and officials in El Salvador said at least seven people had died in flooding. (AP Photo/Moises Castillo)

Tropical Storm Cristobal makes landfall on Mexico Gulf coast

Jun. 3, 2020 10:51 PM EDT

MEXICO CITY (AP) — Tropical Storm Cristobal made landfall in Mexico’s Gulf coast state of Campeche on Wednesday, dumping heavy rain on the already soaked region ahead of an expected eventual turn toward the United States, the U.S. National Hurricane Center said. The Mexican army evacuated 138 people...

Wyoming lawmakers consider $7.5M in funding to reclaim wells

Jun. 3, 2020 4:47 PM EDT

CASPER, Wyo. (AP) — Wyoming lawmakers are considering a $7.5 million proposal for oil and gas reclamation efforts to spark economic development following the collapse of oil markets related to the coronavirus. The Legislature's Joint Interim Minerals, Business and Economic Development Committee proposed...

Oil spill settlement money to aid in loon restoration

Jun. 3, 2020 2:45 PM EDT

HADLEY, Mass. (AP) — Federal and state environmental agencies are spending more than $8 million from a legal settlement stemming from a 2003 oil spill to help restore the common loon to some areas of Massachusetts, and to support existing populations of the birds across New England and New York, federal...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 3, 2020. Asian shares are rising after Wall Street extended its gains for the third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic. (AP Photo/Ahn Young-joon)

Asian shares rise as Wall Street gains for 3rd straight day

Jun. 2, 2020 11:40 PM EDT

TOKYO (AP) — Asian shares rose Wednesday after Wall Street extended its gains for the third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic. Japan's benchmark Nikkei 225 gained 1.1% to 22,581.19 in morning trading. Australia's S&P/ASX 200 rose...

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 8:41 PM 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 —...

In this June 14, 2019 photo, a four-wheeler is ridden through Arctic Village, Alaska. If the pandemic has deepened the sense of isolation for the 8,000 or so Gwich’in, sprinkled across northeastern Alaska into Canada, it has also emphasized the importance of the tribe’s traditions and its profound spiritual connection to the homelands that sustain the caribou and other wildlife on which they depend. (Brian Adams/Religion News Service via AP)

Shunning virus and Big Oil, Alaska tribe revives traditions

Jun. 2, 2020 4:15 PM EDT

ARCTIC VILLAGE, Alaska (RNS) — Arriving home on one of the last regular flights before pandemic restrictions went into effect in mid-February, Sarah James got to her house to find two caribous worth of meat in her freezer. Since flights have become intermittent to this indigenous village 100 miles north of...