Latest Oil and gas industry News

Coast Guard searches for 12 missing from capsized ship

Apr. 14, 2021 12:10 PM EDT

PORT FOURCHON, La. (AP) — The Coast Guard searched for 12 people missing off the coast of Louisiana on Wednesday, hours after six other crew members were pulled from rough seas when their commercial platform vessel capsized during a “microburst” of bad weather. ...

Stocks add to records after strong start to earnings season

Apr. 14, 2021 11:58 AM EDT

NEW YORK (AP) — U.S. stock indexes are tacking a bit more onto their record highs in midday trading Wednesday after big banks kicked off a highly anticipated earnings reporting season with profits that thundered past Wall Street’s expectations. The S&P 500 was...

Energy, voting rights loom in congressional special election

Apr. 13, 2021 22:02 PM EDT

SANTA FE, N.M. (AP) — Republican congressional nominee and New Mexico state Sen. Mark Moores is staking out a campaign platform based on support for the oil and natural gas industry, robust police funding and taxation issues, ahead of a rapid-fire special election. The...

Fracking ban fails to advance in California Legislature

Apr. 13, 2021 20:42 PM EDT

SACRAMENTO, Calif. (AP) — California lawmakers Tuesday rejected a bill that would have banned fracking in the state, succumbing to pressure from the powerful oil and gas industry and their labor union allies who warned the bill would have cost good-paying jobs. The bill...

Business leaders urge Biden to set ambitious climate goal

Apr. 13, 2021 13:19 PM EDT

WASHINGTON (AP) — More than 300 businesses and investors, including such giants as Apple, Google, Microsoft and Coca-Cola, are calling on the Biden administration to set an ambitious climate change goal that would cut U.S. greenhouse gas emissions by at least 50% below 2005 levels by 2030....

EU lacking sufficient electric cars charging infrastructure

Apr. 13, 2021 13:12 PM EDT

BRUSSELS (AP) — In line with its ambition to make Europe a greener place, the European Union wants to drastically reduce gas emission from transport by 2050 and promote electric cars. But according to a report from the bloc's external auditor, it is lacking the appropriate charging...

European lawmakers, executives urge US to halve emissions

Apr. 13, 2021 07:35 AM EDT

BERLIN (AP) — Dozens of European lawmakers, business executives and union leaders on Tuesday urged the United States to cut its greenhouse gas emissions by 50% in the coming decade compared with 2005 levels. Ahead of U.S. President Joe Biden's climate summit with world...

Turkey, Libya recommit to contested maritime borders deal

Apr. 12, 2021 14:55 PM EDT

ANKARA, Turkey (AP) — The head of Libya's new interim government and Turkish President Recep Tayyip Erdogan on Monday affirmed their commitment to a controversial 2019 maritime agreement that has angered Greece and Cyprus. Speaking following a meeting in Ankara with...

Editorial Roundup: Iowa

Apr. 12, 2021 10:56 AM EDT

Dubuque Telegraph Herald. April 9, 2021. Editorial: Proposed ethanol bill good for Iowa economy, environment Area lawmakers working on changes to rules regarding ethanol in gasoline have gone about penning new legislation in the right way: By bringing...

Gas prices down slightly in NH, Maine, up a bit in Vermont

Apr. 12, 2021 10:14 AM EDT

CONCORD, N.H. (AP) — Gas prices have fallen slightly in New Hampshire and Maine, but have increased a bit in Vermont in the past week. GasBuddy reported on Monday that New Hampshire gas prices dropped 2.6 cents to $2.68 per gallon. Prices also dipped less than a penny...