Latest Oil and gas industry News

Groups: EPA has dragged heels on oil dispersant rules

Mar. 25, 2019 5:32 PM EDT

NEW ORLEANS (AP) — Environmental groups and women from Alaska and Louisiana say the Environmental Protection Agency has dragged its heels on issuing rules for oil spill dispersants, and they're ready to sue to demand them. They say dispersants such as Corexit, used during the Exxon Valdez and BP oil...

Correction: Petrochemical Fire-Texas story

Mar. 25, 2019 2:53 PM EDT

HOUSTON (AP) — In a story March 24 about fire damage at a petrochemical storage facility, The Associated Press reported erroneously the day the Texas National Guard was called in. The request for the Guard's 6th civil support team was made Tuesday, not Thursday. A corrected version of the story is below:...

Developer confident Russia-Germany pipeline to get permit

Mar. 25, 2019 9:03 AM EDT

BERLIN (AP) — Developers behind a natural gas pipeline from Russia to Germany said Monday they are confident of getting an outstanding permit from Denmark to close the gap on the 1,200-kilometer (746-mile) route and played down the possibility that companies involved in the project could be hit by U.S....

Average US price of gas jumps 16 cents per gallon, to $2.66

Mar. 24, 2019 2:33 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline shot up 16 cents a gallon (3.8 liters) over the past two weeks, to $2.66. Industry analyst Trilby Lundberg of the Lundberg Survey says the rise comes as supplies tighten while refineries undergo maintenance in advance of increased...

The Latest: Company says damaged gasoline tank stable

Mar. 24, 2019 1:36 PM EDT

HOUSTON (AP) — The Latest on fire damage at a petrochemical storage facility that led to a partial closure of the Houston Ship Channel (all times local): 12:30 p.m. Officials say an emergency dike has been repaired and a damaged petrochemical tank stabilized during cleanup of leaking oil products that...

Sri Lanka begins work on $3.9B refinery near China-run port

Mar. 24, 2019 5:22 AM EDT

COLOMBO, Sri Lanka (AP) — Work began Sunday on a $3.9 billion oil refinery to be funded by a Singapore-Oman joint venture next to a Chinese-run port in what will be Sri Lanka's largest foreign investment ever. The refinery and a tank farm will be built on 237 hectares (585 acres) of land lying about 235...

No timetable for reopening Texas ship channel following leak

Mar. 23, 2019 3:46 PM EDT

HOUSTON (AP) — Officials have no timetable for reopening a portion of the Houston Ship Channel, one of the busiest commercial waterways in the country, after another setback caused flammable chemicals to seep into the water near a fire-ravaged petrochemical tank farm, a Coast Guard commander said Saturday....

Dispute over refinery near national park heats up in court

Mar. 23, 2019 9:30 AM EDT

BISMARCK, N.D. (AP) — Parties involved in a dispute over whether North Dakota regulators should be involved in the siting of an oil refinery near Theodore Roosevelt National Park have filed their initial legal arguments in state court. Here's a look at the dispute over the $800 million Davis Refinery being...

IDB bank calls off annual meeting next week in China

Mar. 23, 2019 4:47 AM EDT

WASHINGTON (AP) — The Inter-American Development Bank is calling off its general assembly next week in China amid a dispute over the participation of a Venezuelan representative opposed by Beijing. The IDB did not say in a press release the reason for canceling the meeting, planned for March 28-31 in...

Cleanup of Texas chemical plant hamstrung by new fire, spill

Mar. 22, 2019 10:40 PM EDT

HOUSTON (AP) — The efforts to clean up a Texas industrial plant that burned for several days this week were hamstrung Friday by a briefly reignited fire and a breach that led to chemicals spilling into the nearby Houston Ship Channel. The Texas attorney general also filed a lawsuit against Intercontinental...