Latest Energy industry News

Hundreds evacuated after oil spill in central Philippines

Jul. 6, 2020 1:26 AM EDT

MANILA, Philippines (AP) — More than 400 people have been evacuated from a coastal village in the central Philippines after some 250,000 liters (66,000 gallons) of bunker fuel spilled from a power-generating barge into the sea, an official said Monday. “The stench was so bad we have to move people...

FILE - In this Aug. 17, 2017 file photo, Emilio Lozoya, former head of Mexico's state-owned oil company Pemex, gives a press conference in Mexico City. Lozoya, who was arrested in February 2020 by Spanish police on an international warrant issued by Mexico, has dropped his extradition fight and agreed to return to Mexico to cooperate in corruption investigations, according to Attorney General Alejandro Gertz Manero on Tuesday, June 30, 2020. (AP Photo/Gustavo Martinez Contreras, File)

Mexican president says ex-oil chief has offered to talk

Jul. 5, 2020 9:09 PM EDT

MEXICO CITY (AP) — President Andrés Manuel López Obrador said Sunday the former head of Mexico’s state oil company has offered to talk about investigations into corruption at the company, known as Pemex. López Obrador said Emilio Lozoya “has offered to talk,” adding...

FILE - This Feb. 8, 2018, file photo shows a sign along a highway to protests the route of the Atlantic Coast Pipeline in Deerfield, Va. The developers of the Atlantic Coast Pipeline announced Sunday, July 5, 2020, that they are canceling the multi-state natural gas project, citing delays and increasing cost uncertainty. (AP Photo/Steve Helber, File)

Developers cancel long-delayed, $8B Atlantic Coast Pipeline

Jul. 5, 2020 6:56 PM EDT

RICHMOND, Va. (AP) — The developers of the long-delayed, $8 billion Atlantic Coast Pipeline announced the cancellation of the multi-state natural gas project Sunday, citing uncertainties about costs, permitting and litigation. Despite a victory last month at the United States Supreme Court over a critical...

Developers of the Atlantic Coast Pipeline announce cancellation of multi-state natural gas project

Jul. 5, 2020 3:35 PM EDT
RICHMOND, Va. (AP) — Developers of the Atlantic Coast Pipeline announce cancellation of multi-state natural gas project.
Kayakers race in front of the Burj Khalifa, the world's tallest building, off the coast of Dubai, United Arab Emirates, Friday, June 19, 2020. Dubai has begun allowing organized sports competitions to take place after locking down over the coronavirus pandemic and the COVID-19 illness it causes. Competitions held Friday at the Dubai Offshore Sailing Club were among the first events to be held. (AP Photo/Jon Gambrell)

UAE orders government shakeup as virus erodes economic gains

Jul. 5, 2020 8:00 AM EDT

DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced a wide-ranging government shakeup on Sunday aimed at creating a more flexible and modern bureaucracy to tackle challenges as the coronavirus and lower oil prices erode what was already sluggish economic growth. The UAE prime minister...

Chlorine gas leak at plant sickens 70 in southeast Iran

Jul. 4, 2020 2:03 PM EDT

TEHRAN, Iran (AP) — A chlorine gas leak at a petrochemical center in southeast Iran sickened 70 workers, state-run IRNA news agency reported Saturday. Most of the workers at the Karun petrochemical center in the city of Mahshahr in southeast Khuzestan province were released after undergoing medical...

In this April 29, 2020 photo, Venezuelan shipping magnate Wilmer Ruperti smokes a cigarette during an interview in Caracas, Venezuela. As a result of U.S. sanctions on Venezuela, a high-stakes legal fight in U.S. federal court is pitting Ruperti against Greek shipping magnate Evangelos Marinakis, in connection with oil tanker Alkimos carrying high octane gasoline estimated to be worth millions. (AP Photo/Scott Smith)

Venezuela sanctions set off fight for 'plundered' oil cargo

Jul. 3, 2020 5:33 PM EDT

MIAMI (AP) — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on Venezuela. The commercial dispute, which hasn’t been previously...

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 3, 2020. Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. (AP Photo/Eugene Hoshiko)

World stocks mostly dip with US closed for holiday

Jul. 3, 2020 12:47 PM EDT

World stock markets fell slightly in Europe on Friday after gains in Asia, with trading somewhat subdued by a long holiday weekend in the U.S. With Wall Street remaining closed in observance of Independence Day, Germany's DAX edged 0.6% lower to 12,528.18. The CAC 40 in Paris dropped 0.8% to 5,007.14, while...

The controversial most modern Uniper Datteln 4 coal-powered plant steams behind a corn field one month after the operational start in Datteln, Germany, Friday, July 3, 2020. The state governors Dietmar Woidke of Brandenburg, Michael Kretschmer of Saxony, Reiner Haseloff of Saxony-Anhalt and Armin Laschet of North Rhine-Westphalia meet in Berlin for the adoption by the Bundestag and Bundesrat of the laws on coal phase-out and structural strengthening in the affected federal states. (AP Photo/Martin Meissner)

Germany is first major economy to phase out coal and nuclear

Jul. 3, 2020 11:53 AM EDT

BERLIN (AP) — German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough and free marketeers criticize as a waste of taxpayers' money. Bills approved by both houses of parliament Friday envision...

UN agency: North Europe radiation likely linked to reactor

Jul. 3, 2020 6:28 AM EDT

BERLIN (AP) — The U.N. nuclear agency said Friday that slightly elevated levels of radioactivity detected in northern Europe likely were related to a nuclear reactor that was either operating or undergoing maintenance, but it's still unclear where it is located. Estonia, Finland and Sweden last week...