Latest Oil and gas industry News

This December 2015 family photo shows Jose Pereira, second left, one of the Houston-based Citgo oil executives convicted and ordered to prison in Venezuela, pictured with his wife Mervis, from left, and children, Sara, John, unidentified grandson and Joao, in Houston, Texas. Jose Pereira, 63, is one of the six American oil executives held for three years in Venezuela who were found guilty of corruption charges by a Venezuelan judge on Thursday, Nov. 26, 2020. (Courtesy of John Pereira via AP)

Family of jailed oil exec asks for Venezuelan leader's mercy

Nov. 27, 2020 4:59 PM EST

CARACAS, Venezuela (AP) — The family of a Houston-based Citgo oil executive convicted and ordered to prison in Venezuela alongside five others appealed directly to President Nicolás Maduro on Friday for mercy. In an open letter, relatives of José Pereira, 63, wrote to Maduro that he has a long...

Minnesota tribes file to halt pipeline approval due to virus

Nov. 27, 2020 9:35 AM EST

ST. PAUL, Minn (AP) — Two Native American tribes in northern Minnesota are asking state regulators to stop the imminent construction of Enbridge Energy's Line 3 crude oil pipeline replacement, saying it would increase the risk of coronavirus infections spreading. The Red Lake and White Earth Bands of...

FILE - In this Sept. 18, 2019, file photo, California Air Resources Board Chair Mary Nichols, with California Gov. Gavin Newsom at left, discusses the Trump administration's pledge to revoke California's authority to set vehicle emissions standards that are different than the federal standards, during a news conference in Sacramento, Calif. Nichols' term leading the state ARB ends in December 2020. She's held the role since 2007 after an earlier stint as chair in the early 1980s. (AP Photo/Rich Pedroncelli, File)

Top California air, climate regulator hopes to run Biden EPA

Nov. 27, 2020 5:34 AM EST

SACRAMENTO, Calif. (AP) — Over four decades, Mary Nichols has been the regulator behind some of the nation’s most ambitious climate policies and, in recent years, she’s been their staunchest defender against President Donald Trump's effort to dismantle them. With Joe Biden heading to the...

Jesus Loreto, an attorney representing Tomeu Vadell, one of six U.S. oil executives jailed for three years in Venezuela, shows a letter written by Vadell, in Caracas, Venezuela, Wednesday, Nov. 25, 2020. In the letter provided exclusively to The Associated Press on Tuesday, Nov. 24, 2020, Vadell pleads for freedom, reflects on his past and shares the pain he feels over being separated from his wife, three adult children and a newborn grandson he's never held. (AP Photo/Ariana Cubillos)

Venezuela judge convicts 6 American oil execs, orders prison

Nov. 26, 2020 10:44 PM EST

CARACAS, Venezuela (AP) — Six American oil executives held for three years in Venezuela were found guilty of corruption charges by a judge Thursday and immediately sentenced to prison, dashing hopes of a quick release that would send them home to their families in the United States. Some relatives had...

Greece: Turkey still risks EU sanctions over sea dispute

Nov. 26, 2020 8:39 AM EST

ATHENS, Greece (AP) — Greece said Thursday that neighbor Turkey has so far refused to take action requested by the European Union to avoid sanctions from the bloc. Government spokesman Stelios Petsas said ongoing Turkish offshore gas exploration in the eastern Mediterranean has undermined efforts to...

In this October 2019 photo, the MT Agrari is seen off the coast of Frederikshavn, Denmark. A mine in the Red Sea off Saudi Arabia's coast near Yemen exploded and damaged the oil tanker MT Agrari on Wednesday, Nov. 25, 2020, authorities said, the latest incident targeting the kingdom amid its long war against Yemen's Houthi rebels. (Morten Weesgaard via AP)

Mine explodes, damaging oil tanker off Saudi Arabia

Nov. 25, 2020 2:43 PM EST

DUBAI, United Arab Emirates (AP) — A mine in the Red Sea off Saudi Arabia's coast near Yemen exploded and damaged an oil tanker Wednesday, authorities said, the latest incident targeting the kingdom amid its long war against Yemen's Houthi rebels. The blast happened before dawn and struck the MT Agrari, a...

Private security firm says mine explodes, damaging oil tanker off Saudi Arabia near Yemen border in Red Sea

Nov. 25, 2020 8:37 AM EST
DUBAI, United Arab Emirates (AP) — Private security firm says mine explodes, damaging oil tanker off Saudi Arabia near Yemen border in Red Sea.
People stand by an electronic stock board of a securities firm showing Japan's Nikkei 225 index in Tokyo, Wednesday, Nov. 25, 2020. Asian shares rose Wednesday after the Dow Jones Industrial Average closed above 30,000 points for the first time despite an ongoing pandemic, as progress in development of coronavirus vaccines kept investors in a buying mood. (AP Photo/Koji Sasahara)

Asian shares rise after Dow crests 30,000 on vaccine hopes

Nov. 24, 2020 10:36 PM EST

TOKYO (AP) — Asian shares rose Wednesday after the Dow Jones Industrial Average closed above 30,000 points for the first time despite an ongoing pandemic, as progress in development of coronavirus vaccines kept investors in a buying mood. Japan's benchmark Nikkei 225 jumped 1.7% to 26,607.63 in morning...

FILE - This June 2020, file photo, shot from a television screen provided by the Michigan Department of Environment, Great Lakes, and Energy shows damage to anchor support EP-17-1 on the east leg of the Enbridge Line 5 pipeline within the Straits of Mackinac in Michigan. Enbridge Inc. has filed a lawsuit against Michigan Gov. Gretchen Whitmer, seeking a court order to prevent the shutdown of its Line 5 oil pipeline. (Michigan Department of Environment, Great Lakes, and Energy via AP, File)

Enbridge sues Michigan over oil pipeline shutdown order

Nov. 24, 2020 6:53 PM EST

TRAVERSE CITY, Mich. (AP) — Enbridge filed a legal challenge Tuesday to Michigan Gov. Gretchen Whitmer's recent demand that the company shut down its oil pipeline that crosses the waterway connecting Lake Huron and Lake Michigan. The Canadian company accused the state of overstepping its bounds, arguing...

Minnesota issues another approval for disputed oil pipeline

Nov. 24, 2020 6:33 PM EST

MINNEAPOLIS (AP) — A Minnesota regulatory panel on Tuesday signed off on Enbridge Energy’s planned Line 3 crude oil pipeline replacement across northern Minnesota, leaving only one minor state permit to go before construction can begin. The independent Public Utilities Commission notified Enbridge...