Latest Oil and gas industry News

Blackfeet continue work to defend Badger-Two Medicine

Sep. 18, 2021 08:13 AM EDT

Heart Butte, Mont. (AP) — The fight to protect the Badger-Two Medicine defends not so much a place as a way of living. On a map, this jumble of mountains, rivers, hunting grounds and petroleum deposits is surrounded by the Blackfeet Indian Reservation, Glacier National...

Attack on gas pipeline in Syria causes brief power outage

Sep. 18, 2021 07:27 AM EDT

DAMASCUS, Syria (AP) — An attack with explosive devices laid along a natural gas pipeline southeast of Syria's capital knocked out power in parts of the country before it was quickly restored, the electricity minister said Saturday. No one immediately claimed...

Biden, world leaders push climate action, vow methane cuts

Sep. 17, 2021 18:36 PM EDT

WASHINGTON (AP) — President Joe Biden tried on Friday to hammer out the world's next steps against rapidly worsening climate change with a small group of other global leaders and announced a new U.S.-European pledge to cut climate-wrecking methane leaks. Ever-grimmer...

Stocks fall on Wall Street, giving up the week's gains

Sep. 17, 2021 16:58 PM EDT

Wall Street capped an up-and-down week of trading Friday with a broad sell-off that wiped out the major indexes' gains for the week. The S&P 500 lost 0.9% and posted its second straight weekly loss. Roughly 80% of the stocks in the benchmark index fell. Technology and...

Protagonist, Schlumberger fall; Invesco, Thermo Fisher rise

Sep. 17, 2021 16:26 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Invesco Ltd., up $1.36 to $26.25. The investment management company is reportedly in talks on a potential deal with State Street's asset-management business. ...

Enbridge ordered to pay $3M for Line 3 groundwater leak

Sep. 17, 2021 15:10 PM EDT

ST. PAUL, Minn. (AP) — Minnesota regulators have ordered Enbridge to pay more than $3 million for allegedly violating state environmental law by piercing a groundwater aquifer during construction of the Line 3 oil pipeline replacement. The state Department of Natural...

Lebanon's incoming government restarts central bank audit

Sep. 17, 2021 11:33 AM EDT

BEIRUT (AP) — Lebanon’s incoming finance minister signed a contract on Friday with a New York-based company to conduct a forensic audit of the country’s central bank, a key demand of the international community to restore confidence in the crisis-struck Mideast nation. ...

AP FACT CHECK: Biden's shaky claims on jobs, gasoline

Sep. 17, 2021 07:23 AM EDT

WASHINGTON (AP) — Boasting that government policies can make a difference in improving the economy, President Joe Biden went too far Thursday in taking credit for job growth since taking office. He also made a dubious suggestion that wrongdoing is behind higher...

Mining company locating first US plant in West Virginia

Sep. 17, 2021 04:03 AM EDT

CHARLESTON, W.Va. (AP) — A mining company is locating a new plant in West Virginia, bringing 47 new full-time jobs and a $10 million investment, officials said. CS Global Group, a Turkish mining company, specializes in barite manufacturing and sales. It is locating its...

AP FACT CHECK: Biden's shaky claims on jobs, gasoline

Sep. 16, 2021 20:19 PM EDT

WASHINGTON (AP) — Boasting that government policies can make a difference in improving the economy, President Joe Biden went too far Thursday in taking credit for job growth since taking office. He also made a dubious suggestion that wrongdoing is behind higher...