Latest Oil and gas industry News
World shares, Wall St futures advance ahead of US jobs data
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...
Asian shares higher after jobless data snaps Wall St rally
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...
Cyprus study shows big pollutant drop during lockdown
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...
Asia markets mixed after Wall Street rises on better US data
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...
Tropical Storm Cristobal makes landfall on Mexico Gulf coast
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
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
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...
Asian shares rise as Wall Street gains for 3rd straight day
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 defies leftist label in virus response
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 —...
Shunning virus and Big Oil, Alaska tribe revives traditions
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...
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