Latest Oil and gas industry News

Land affected by Keystone pipeline leak bigger than thought

Nov. 18, 2019 12:22 PM EST

BISMARCK, N.D. (AP) — A crude oil spill from the Keystone pipeline in eastern North Dakota has turned out to have affected almost 10 times the amount of land as first reported, a state regulator said Monday. North Dakota environmental scientist Bill Suess said the leak reported on Oct. 29 is now estimated...

Belarus election results: An opposition-free parliament

Nov. 18, 2019 11:08 AM EST

MINSK, Belarus (AP) — Full preliminary results from parliamentary elections in Belarus show the chamber will have no members of the opposition to challenge strongman President Alexander Lukashenko. Results released by the national elections commission on Monday show all the parliament’s 110 seats...

AP Explains: Iran gas price protests quickly turn violent

Nov. 18, 2019 7:10 AM EST

DUBAI, United Arab Emirates (AP) — Protests over gasoline prices have swept across some 100 cities and towns in Iran, turning violent faster than widespread economic protests in 2017 and rallies over the country’s disputed 2009 presidential election. The scale of the unrest that began on Friday...

Recent developments surrounding the South China Sea

Nov. 18, 2019 12:50 AM EST

BEIJING (AP) — A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple territorial disputes over islands, coral reefs and lagoons. The waters are a major shipping route for global commerce and are rich in fish and possible oil and gas reserves. ___...

Iran’s top leader warns ‘thugs’ as protests reach 100 cities

Nov. 17, 2019 10:45 PM EST

DUBAI, United Arab Emirates (AP) — Iran’s supreme leader on Sunday cautiously backed the government’s decision to raise gasoline prices by 50% after days of widespread protests, calling those who attacked public property during demonstrations “thugs” and signaling that a...

Belarus leader dismisses democracy even as vote takes place

Nov. 17, 2019 2:00 PM EST

MINSK, Belarus (AP) — Belarus’ authoritarian president has brushed off concerns that Sunday’s parliament election, from which many opposition figures have been excluded, would be regarded as neither free nor fair. After casting his ballot in a polling station in the capital of Minsk,...

Saudi Aramco seeks record-setting IPO with value up to $1.7T

Nov. 17, 2019 1:12 PM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale, potentially becoming the most-valuable initial public offering in history. The newly released figures...

At least 7 die, 25 hurt in Bangladesh gas pipeline explosion

Nov. 17, 2019 1:08 AM EST

DHAKA, Bangladesh (AP) — At least seven people were killed and another 25 injured after a gas pipeline exploded in southeastern Bangladesh on Sunday, police said. The explosion at Patharghata area in Chittagong district collapsed portions of a boundary wall of a nearby building, local police chief Mohammed...

Protests grip major Iran cities over gas prices; 1 killed

Nov. 16, 2019 8:27 PM EST

DUBAI, United Arab Emirates (AP) — Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The...

Stocks end week of milestones at new highs; Dow tops 28,000

Nov. 15, 2019 5:41 PM EST

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly...