Latest Oil and gas industry News
India, Brazil agree to boost ties in IT, biofuel and mining
NEW DELHI (AP) — India and Brazil agreed Saturday to boost trade and investment across a range of fields such as defense, mining, biofuel, cybersecurity, food, the environment and health. India’s Prime Minister Narendra Modi lauded Brazil as “a valuable partner” as he and visiting...
Markets around the world are feeling the coronavirus chill
NEW YORK (AP) — Stocks around the world fell this week on worries that a new type of virus in China may ultimately hit profits for companies from Wuhan to Washington. The World Health Organization has held off on calling the outbreak a global health emergency but says it may become one. The virus has...
ConocoPhillips, Doyon prepare to test big Alaska drill rig
ANCHORAGE, Alaska (AP) — An Alaska North Slope oil company is preparing to unleash a massive new oil rig. ConocoPhillips and Doyon Drilling Inc. are nearly ready to test Doyon’s Rig 26, known internally as “The Beast," the Alaska Journal of Commerce reported. Rig 26 will be able drill up to...
Libya says oil shutdown caused over $255 million in losses
CAIRO (AP) — The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the country’s national oil company said Saturday. The closures came when powerful tribal groups loyal to military commander...
Gas prices keep dropping amid more supply, low crude prices
TRENTON, N.J. (AP) — Drivers in New Jersey and around the nation are seeing prices at the pump continue to fall amid an increase in gasoline supplies and a drop in crude oil prices. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.60, down two cents from...
2 killed, 20 injured when warehouse explosion shakes Houston
HOUSTON (AP) — A massive explosion Friday leveled a warehouse in Houston, killing two workers, damaging nearby buildings and homes and rousing frightened residents from their sleep miles away, authorities said. The explosion happened about 4:30 a.m. inside a building at Watson Grinding and Manufacturing,...
Energy firm withdraws permit application for Oregon pipeline
SALEM, Ore. (AP) — A Canadian energy company has withdrawn its application for a state permit for a controversial natural gas pipeline and export terminal in Oregon, and a project spokesman said Friday it is instead awaiting possible federal approval. Two Oregon state lawmakers on Friday accused the...
Navajo lawmakers opt for smaller buffer around national park
Lawmakers from the country's largest American Indian reservation may have thrown a wrinkle into efforts aimed at establishing a permanent buffer around Chaco Culture National Historical Park, as New Mexico’s congressional delegation, environmentalists and other tribes try to keep oil and gas development...
For businesses, virus in China fans fear and uncertainty
China’s worst health crisis in years has sparked fear and uncertainty for businesses from North America to Asia that depend on trade in the affected region. Experts say it’s too soon to know how disruptive the crisis will prove. But it’s already having an impact. McDonald’s has...
Lawsuit planned to stop Idaho-Wyoming natural gas pipeline
BOISE, Idaho (AP) — Two environmental groups have given notice they intend to file a lawsuit to stop a proposed underground natural gas pipeline from Idaho to Wyoming the groups say will harm protected grizzly bears and other wildlife. The Alliance for the Wild Rockies and Yellowstone to Uintas Connection...
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