Latest Oil and gas industry News
What's next for the Keystone XL pipeline in South Dakota
PIERRE, S.D. (AP) — Plans for construction of the Keystone XL oil sands pipeline inched forward last week with several approvals at both the federal and state levels, but opponents in South Dakota say they haven’t given up on preventing, or at least slowing, the pipeline’s construction. Plans...
Stock markets stabilize after selloff over China virus
TOKYO (AP) — European stock markets and U.S. futures edged higher after another day of losses in Asia on Tuesday amid worries over the expanding outbreak of a new virus in China. France's CAC 40 rose 0.5% to 5,893 , while Germany's DAX rose 0.4% to 13,253. Britain's FTSE 100 was up 0.5% at 7,447. U.S....
French climate alliance takes legal action against Total
A French climate alliance of charity groups and local authorities launched an unprecedented legal action Tuesday against Total, hoping to make the French energy company drastically reduce its greenhouse gas emissions. Activists from the non-governmental organizations and over a dozen local governments say it's...
Asian shares sink on mounting worries over China outbreak
TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.4% to 2,170.88 as it reopened after its own holidays. ...
Northeast governors slow to embrace regional climate pact
CONCORD, N.H. (AP) — Supporters of a regional pact that would tackle transportation emissions are struggling to win over several New England governors concerned that the climate change initiative will increase gas prices. After the Transportation and Climate Initiative was announced last month, New...
Gas prices fall 4 cents a gallon to $2.60 in past 2 weeks
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has declined 4 cents a gallon to $2.60 over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the pump price responded to a drop in crude oil costs. The highest average price in the nation...
Fighting rages as Libya force pushes toward key western city
CAIRO (AP) — Officials from Libya's two rival governments said fighting erupted Sunday as the country's east-based forces advanced toward the strategic western city of Misrata, further eroding a crumbling cease-fire agreement brokered earlier this month. The clashes came just hours after the United Nations...
India, Brazil agree to boost ties in IT, biofuel and mining
NEW DELHI (AP) — India and Brazil agreed Saturday to boost trade and investment across a range of fields such as defense, mining, biofuel, cybersecurity, food, the environment and health. India’s Prime Minister Narendra Modi lauded Brazil as “a valuable partner” as he and visiting...
Markets around the world are feeling the coronavirus chill
NEW YORK (AP) — Stocks around the world fell this week on worries that a new type of virus in China may ultimately hit profits for companies from Wuhan to Washington. The World Health Organization has held off on calling the outbreak a global health emergency but says it may become one. The virus has...
Libya says oil shutdown caused over $255 million in losses
CAIRO (AP) — The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the country’s national oil company said Saturday. The closures came when powerful tribal groups loyal to military commander...
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