Latest Oil and gas industry News

In this photo provided by the New York Stock Exchange, specialist Gregg Maloney works at his post on the trading floor, Wednesday Oct. 28, 2020. The Dow Jones Industrial Average dropped 943 points Wednesday as surging coronavirus cases in the U.S. and Europe threaten more business shutdowns and pain for the economy. (Courtney Crow/New York Stock Exchange via AP)

S&P 500 sinks 3.5% as surging virus cases lead to shutdowns

Oct. 28, 2020 5:38 PM EDT

The Dow Jones Industrial Average sank 943 points Wednesday as surging coronavirus cases forced more shutdown measures in Europe and raised fears of more restrictions in the U.S. The S&P 500 slid 3.5%, its third straight loss and its biggest drop since June. The benchmark index is already down 5.6% this week,...

FILE - In this March 12, 2020 file photo, Venezuelan President Nicolas Maduro speaks at the Miraflores presidential palace in Caracas, Venezuela. The Trump administration pushed back Tuesday, Sept. 2, 2020 on Maduro, saying he deserves no praise for releasing a few political prisoners ahead of a congressional election when many more remain unjustly jailed. (AP Photo/Matias Delacroix, File)

Venezuelan president: Key oil refinery attacked; 2 detained

Oct. 28, 2020 5:31 PM EDT

CARACAS, Venezuela (AP) — Venezuelan President Nicolás Maduro said Wednesday that a large oil refinery suffered a “terrorist attack” as his government struggles to provide domestic fuel to the nation amid a historic political and economic crisis. Maduro spoke at a nationally televised...

U.S. Secretary of State Mike Pompeo speaks during a joint press briefing with Sri Lankan Foreign Minister Dinesh Gunawardena in Colombo, Sri Lanka, Wednesday, Oct. 28, 2020. In pre-recorded remarks Wednesday to a business conference taking place in Vietnam, Pompeo says the U.S. energy firm AES and PetroVietnam plan to soon sign an agreement on a $2.8 billion liquefied natural gas project. (AP Photo/Eranga Jayawardena)

Pompeo says AES of US, PetroVietnam to sign $2.8B LNG deal

Oct. 28, 2020 3:14 PM EDT

HANOI (AP) — The U.S. energy firm AES and PetroVietnam plan to soon sign an agreement on a $2.8 billion liquefied natural gas project, U.S. Secretary of State Mike Pompeo said Wednesday. Pompeo made the comments in pre-recorded remarks to a business conference hosted both online and in person in Hanoi,...

Editorial Roundup: Pennsylvania

Oct. 28, 2020 2:43 PM EDT

Recent editorials of statewide and national interest from Pennsylvania’s newspapers: State budget surrounded with anxiety Altoona Mirror Oct. 24 The fiscal time bomb challenging the best budget instincts of the Pennsylvania General Assembly keeps getting closer to exploding. The important question that...

Man gets 3 years for operating illegal butane honey oil lab

Oct. 28, 2020 11:34 AM EDT

BEND, Ore. (AP) — A Bend-area man has been sentenced to three years in federal prison for running an illegal butane honey oil, or BHO extraction lab, on rural Alfalfa-area property, authorities said. U.S. Attorney Billy J. Williams said Tuesday that Jacob Robe, 31, also will face three years’...

FILE - In this Oct. 14, 2020 file photo, a helicopter flies over a base of the U.N. peacekeeping force, in the southern town of Naqoura, Lebanon. On Wednesday, Oct. 28, 2020, Lebanon and Israel held a second round of U.S.-mediated talks over their disputed maritime border and agreed on a third meeting. The U.S.-mediated talks are being held in a tent at the U.N. post along the border known as Ras Naqoura, on the edge of the Lebanese border town of Naqoura. (AP Photo/Bilal Hussein, File)

Lebanon, Israel hold 2nd round of maritime demarcation talks

Oct. 28, 2020 11:03 AM EDT

BEIRUT (AP) — Lebanon and Israel held a second round of U.S.-mediated talks Wednesday over their disputed maritime border and agreed to continue discussions on the next day. Local news reports described the meeting as “serious” as the two sides got down to technicalities and the Lebanese...

Group asks regulators to check Enbridge's pipeline capacity

Oct. 28, 2020 10:50 AM EDT

ST. PAUL, Minn. (AP) — An environmental group is asking Minnesota utility regulators to investigate Enbridge's additions to its existing oil pipeline capacity which could make the company's controversial new $2.6 billion pipeline unnecessary. A filing by the Indigenous organization Honor the Earth with...

Government approves Alaska Petroleum Reserve Willow project

Oct. 28, 2020 9:57 AM EDT

ANCHORAGE, Alaska (AP) — The federal government has approved the Willow oil project in the National Petroleum Reserve-Alaska, allowing construction near a prized conservation area in a largely undeveloped region. U.S. Interior Secretary David Bernhardt signed the government’s record of decision...

Trump campaign banners wave in the wind along Route 8 in Middlesex Township, Pa., in conservative Butler County on Thursday, Oct. 15, 2020. To win Pennsylvania, President Donald Trump needs blowout victories and historic turnout in conservative strongholds across the state. (AP Photo/Gene J. Puskar)

'We need you': GOP hunts for new voters in Trump territory

Oct. 28, 2020 7:06 AM EDT

SLIPPERY ROCK, Pa. (AP) — President Donald Trump’s campaign has a bold theory for how he will win reelection: It can tap a universe of millions of supporters who did not vote for him in 2016 but will do so this time. Supposedly, these voters are overlooked by polls that show Trump consistently...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Oct. 28, 2020. Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. (AP Photo/Kin Cheung)

Asian stocks fall on worries over rising virus cases, US aid

Oct. 27, 2020 10:51 PM EDT

TOKYO (AP) — Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The uncertainty surrounding the upcoming U.S. election also has regional market players hesitant to make big moves. Japan's benchmark Nikkei 225 fell 0.3%...