Latest Oil and gas industry News

FILE - In this July 21, 2020 file photo, people walk by the New York Stock Exchange.  Stocks are drifting in early Friday, Aug. 14, trading on Wall Street after a report showed that sales for U.S retailers strengthened again last month, but by less than economists expected. (AP Photo/Mark Lennihan, File)

Stocks drift on Wall Street following latest run at record

Aug. 14, 2020 10:48 AM EDT

NEW YORK (AP) — Wall Street is drifting a bit lower Friday after a report showed that sales for U.S retailers strengthened again last month, but by less than economists expected. The S&P 500 was down 0.1% in morning trading, as the market takes a pause after nearly erasing the last of the steep losses...

This photo provided Friday Aug.14, 2020 by the French Defense Ministry shows the French Tonnerre helicopter carrier, center, escorted by Greek and French military vessels during a maritime exercise in the Eastern Mediterranean, Thursday, Aug. 13, 2020. Greece's prime minister warmly thanked France Thursday for boosting its military presence in the eastern Mediterranean, where Greek and Turkish warships are closely shadowing each other over a Turkish energy exploration bid in waters Athens claims as its own. (French Defense Ministry via AP)

EU holding urgent talks on Greece-Turkey energy dispute

Aug. 14, 2020 8:54 AM EDT

ATHENS, Greece (AP) — European Union foreign ministers prepared Friday for urgent talks on military tensions between Greece and Turkey as the neighboring countries' navies continued a game of brinkmanship over eastern Mediterranean drilling rights. Turkish President Recep Tayyip Erdogan said Turkey would...

Angolan court sentences ex-leader's son to 5 years in prison

Aug. 14, 2020 8:48 AM EDT

JOHANNESBURG (AP) — A court in Angola has sentenced the son of former President Jose Eduardo dos Santos to five years in prison for fraud and other crimes. The Angolan Supreme Court sentenced Jose Filomeno do Santos, former head of the country’s sovereign wealth fund, and three other defendants for...

Mozambique's leader blames 'war' in north on wealth-seekers

Aug. 14, 2020 8:07 AM EDT

JOHANNESBURG (AP) — The “war” in northern Mozambique is the fault of people who want to divide the country for its wealth, President Filipe Nyusi said Friday during a visit to the region, days after Islamic extremists seized a key port there. The president’s comments, posted on social...

FILE - In this May 25, 2020 file photo, the Iranian oil tanker Fortune is anchored at the dock of the El Palito refinery near Puerto Cabello, Venezuela.  U.S. officials said Thursday, Aug. 13, 2020, that the Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela as it steps up its campaign of maximum pressure against the two heavily sanctioned. (AP Photo/Ernesto Vargas, File)

Officials: U.S. seizes Iranian gas heading for Venezuela

Aug. 13, 2020 8:37 PM EDT

MIAMI (AP) — The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against the two heavily sanctioned allies. Last month, federal prosecutors in Washington...

FILE - In this March 12, 2020, file photo, the sun shines through clouds above a shale gas drilling site in St. Mary's, Pa. President Donald Trump's administration is expected to undo Obama-era rules designed to limit greenhouse gas emissions from oil and gas fields and pipelines, formalizing the changes in the heart of the nation's most prolific natural gas reservoir and in the premier presidential battleground state of Pennsylvania. (AP Photo/Keith Srakocic, File)

Trump's EPA dumps methane emissions rule for oil, gas fields

Aug. 13, 2020 8:00 PM EDT

HARRISBURG, Pa. (AP) — President Donald Trump's administration is undoing Obama-era rules designed to limit potent greenhouse gas emissions from oil and gas fields and pipelines, formalizing the changes Thursday in the heart of the nation's most prolific natural gas reservoir and in the premier...

In this Wednesday, Aug. 12, 2020 photo released by the U.S. Navy, the MT Wila is boarded by Iranian navy commandos in the Gulf of Oman off the eastern coast of the United Arab Emirates. The Iranian navy boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the U.S., a U.S. military official said Thursday, Aug. 13, 2020. (U.S. Navy via AP)

US says Iran briefly seizes oil tanker near Strait of Hormuz

Aug. 13, 2020 3:01 PM EDT

DUBAI, United Arab Emirates (AP) — The Iranian navy boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the U.S., the American military said Thursday. The U.S. military's Central Command published a black-and-white video...

In this photo provided by the Greek National Defence, a French Tonnerre helicopter carrier, rear left is escorted by Greek and French military vessels during a maritime exercise in the Eastern Mediterranean, Thursday, Aug. 13, 2020. Greece's prime minister warmly thanked France for its decision to boost its military presence in the eastern Mediterranean, where Greek and Turkish warships are closely shadowing each other over a Turkish energy exploration bid in waters Athens claims as its own. (Greek National Defence via AP)

Greece welcomes French navy presence in Meditteranean

Aug. 13, 2020 2:39 PM EDT

ATHENS, Greece (AP) — Greece's prime minister warmly thanked France Thursday for boosting its military presence in the eastern Mediterranean, where Greek and Turkish warships are closely shadowing each other over a Turkish energy exploration bid in waters Athens claims as its own. Meanwhile, Turkey accused...

The MV Wakashio, a bulk carrier ship that recently ran aground off the southeast coast of Mauritius, can bee seen from the coast or Mauritius, Wednesday Aug. 12, 2020. Anxious residents of this Indian Ocean island nation have stuffed fabric sacks with sugar cane leaves in an effort to stop the oil spill from reaching their shores. (AP Photo/ Kooghen Modeliar-Vyapooree-L'express Maurice)

Grounded ship emptied of oil, but heavy damage for Mauritius

Aug. 13, 2020 11:04 AM EDT

JOHANNESBURG (AP) — Almost all the remaining oil has been pumped from a Japanese ship that ran aground off Mauritius, but its initial spill of 1,000 tons of fuel has severely damaged the Indian Ocean island's coral reefs and once pristine coast, environmental groups said Thursday. Nearly all the 3,000 tons...

State seeks to intervene in lawsuit over mineral rights

Aug. 13, 2020 8:21 AM EDT

BISMARCK, N.D. (AP) — The state of North Dakota wants to intervene in a lawsuit filed by the Mandan, Hidatsa and Arikara Nation over mineral rights under Lake Sakakawea within the Fort Berthold Indian Reservation. MHA Nation is suing the federal government over a decision the U.S. Department of the...