Latest Energy industry News

A woman walks past a closed souvenir shop in central capital Nicosia, Cyprus, Wednesday, June 3, 2020. Health Minister Constantinos Ioannou said the third phase of the country's gradual rollback of restrictions will be completed by June 24 instead of July 14. (AP Photo/Petros Karadjias)

Cyprus study shows big pollutant drop during lockdown

Jun. 4, 2020 12:56 PM EDT

NICOSIA, Cyprus (AP) — Researchers in Cyprus offered more evidence on Thursday that a two-month lockdown benefited the Mediterranean island nation’s environment. Preliminary results showed significantly reduced levels of carbon monoxide and nitrogen oxides along a normally busy street and in a...

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 4, 2020.  Asian stock markets are mixed after Wall Street rose on better U.S. jobs and manufacturing data than expected.(AP Photo/Lee Jin-man)

Asia markets mixed after Wall Street rises on better US data

Jun. 3, 2020 11:54 PM EDT

Most Asian stock markets were mixed Thursday after Wall Street gain on surveys showing better U.S. jobs and manufacturing conditions than expected. Benchmarks in Shanghai and Hong Kong declined while Tokyo, Sydney and Southeast Asia advanced. Stock markets have risen on optimism about a possible global recovery...

Rain clouds hover over mountains during tropical storm Amanda in Barberena, eastern Guatemala, Sunday, May 31, 2020. The first tropical storm of the Eastern Pacific season drenched parts of Central America on Sunday and officials in El Salvador said at least seven people had died in flooding. (AP Photo/Moises Castillo)

Tropical Storm Cristobal makes landfall on Mexico Gulf coast

Jun. 3, 2020 10:51 PM EDT

MEXICO CITY (AP) — Tropical Storm Cristobal made landfall in Mexico’s Gulf coast state of Campeche on Wednesday, dumping heavy rain on the already soaked region ahead of an expected eventual turn toward the United States, the U.S. National Hurricane Center said. The Mexican army evacuated 138 people...

Storm kills 3, rips roof off 7-story apartment building

Jun. 3, 2020 10:50 PM EDT

NORRISTOWN, Pa. (AP) — A brief but severe storm killed three people in southeastern Pennsylvania and ripped the roof off a seven-story apartment building, authorities said. Montgomery County officials said the three fatalities occurred in separate incidents during Wednesday's noontime storm, two in Lower...

Wyoming lawmakers consider $7.5M in funding to reclaim wells

Jun. 3, 2020 4:47 PM EDT

CASPER, Wyo. (AP) — Wyoming lawmakers are considering a $7.5 million proposal for oil and gas reclamation efforts to spark economic development following the collapse of oil markets related to the coronavirus. The Legislature's Joint Interim Minerals, Business and Economic Development Committee proposed...

Oil spill settlement money to aid in loon restoration

Jun. 3, 2020 2:45 PM EDT

HADLEY, Mass. (AP) — Federal and state environmental agencies are spending more than $8 million from a legal settlement stemming from a 2003 oil spill to help restore the common loon to some areas of Massachusetts, and to support existing populations of the birds across New England and New York, federal...

In this image taken from video provided by the RU-RTR Russian television on Wednesday, June 3, 2020, Russian Emergency Situations Ministry trucks work at the scene of an oil spill at a power plant in an outlying section of the city of Norilsk, 2900 kilometers (1800 miles) northeast of Moscow, Russia. Russian President Vladimir Putin has declared a state of emergency in a region of Siberia after an estimated 20,000 tons of diesel fuel spilled from a power plant storage facility and fouled waterways. (RU-RTR Russian Television via AP)

Emergency declared in Siberia after diesel fuel leak

Jun. 3, 2020 1:50 PM EDT

MOSCOW (AP) — Russian President Vladimir Putin has declared a state of emergency in a region of Siberia after an estimated 20,000 tons of diesel fuel spilled from a power plant storage facility and fouled waterways. The spill took place Friday at a power plant in an outlying section of the city of...

Cyclists ride along the dyke in Emden, Germany, Wednesday, June 3, 2020. The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels. Cabinet on Wednesday agreed a bill that would set a goal of 40 Gigawatts of installed offshore wind power capacity in 20 years, from about 7.5 Gigawatts at present. It also raised the target for 2030 from 15 Gigawatts to 20. (Sina Schuldt/dpa via AP)

Germany seeks 5-fold increase in offshore wind power by 2040

Jun. 3, 2020 7:36 AM EDT

BERLIN (AP) — The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels. The Cabinet on Wednesday agreed on a bill that would set a goal of 40 Gigawatts of installed offshore wind power capacity in 20 years, from about...

Company's bid to build dams on tribal land a step closer

Jun. 3, 2020 1:22 AM EDT

TUBA CITY, Ariz. (AP) — Federal regulators have accepted a Phoenix-based company's application for a preliminary permit to look further into building hydro-powered dams on tribal land. The Federal Energy Regulatory Commission confirmed the acceptance in a letter Tuesday to Pumped Hydro Storage LLC, opening...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 3, 2020. Asian shares are rising after Wall Street extended its gains for the third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic. (AP Photo/Ahn Young-joon)

Asian shares rise as Wall Street gains for 3rd straight day

Jun. 2, 2020 11:40 PM EDT

TOKYO (AP) — Asian shares rose Wednesday after Wall Street extended its gains for the third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic. Japan's benchmark Nikkei 225 gained 1.1% to 22,581.19 in morning trading. Australia's S&P/ASX 200 rose...