Latest Oil and gas industry News

Gas line installation frustrates New Jersey businesses

Dec. 6, 2019 4:38 PM EST

ATLANTIC CITY (AP) — The barbers at La Latina Barber Shop on Atlantic Avenue were sitting in their own swivel chairs Tuesday morning playing games on their phones. The four men had one customer each since the shop opened, said barber David Rodriguez. Roadwork out front had slowed business from walk-in...

Wyoming oil field explosions, fire severely burn 3 workers

Dec. 6, 2019 4:27 PM EST

CARPENTER, Wyo. (AP) — Explosions and a fire at a Wyoming oil field severely burned three workers. The workers were taken to hospitals in the capital of Cheyenne and across the border in Greeley, Colorado, after the blasts at a compressor station late Thursday, according to Laramie County Fire District No....

OPEC countries, Russia to cut oil output, pushing up prices

Dec. 6, 2019 10:47 AM EST

The OPEC oil-producing countries and ally Russia said Friday they have agreed to cut crude production, prompting a surge in global crude prices that they hope to sustain into next year. The group decided to cut output by an extra 500,000 barrels a day as they try to support the price of energy and bolster their...

OPEC, Russia agree to cut oil production an extra 500,000 barrels a day to support prices

Dec. 6, 2019 9:34 AM EST
VIENNA (AP) — OPEC, Russia agree to cut oil production an extra 500,000 barrels a day to support prices.

Polish experts seek evidence in gas blast that killed 8

Dec. 6, 2019 9:02 AM EST

WARSAW, Poland (AP) — Investigators in southern Poland said Friday they are questioning witnesses and gathering evidence in their probe into a gas blast that killed eight members of one family, including four children. Spokeswoman for regional prosecutors Agnieszka Michulec said they suspect damage to a...

New wave of suits linked to BP oil spill hitting courts

Dec. 6, 2019 8:45 AM EST

MOBILE, Ala. (AP) — A new wave of lawsuits against BP is hitting the federal courts nearly a decade after the Gulf oil spill. The new litigation is the result of a court ruling that blocks thousands of people from a medical settlement negotiated after the 2010 environmental disaster. It threatens to clog...

Stocks advance as investors eyes jobs report, trade talks

Dec. 6, 2019 8:05 AM EST

BANGKOK (AP) — Global shares rose Friday as investors awaited what's expected to be a healthy U.S. jobs report, while monitoring the China-U.S. trade talks as more tariffs are due to go into effect this month. One sign that talks between the world's two biggest economies could be thawing came Friday when...

Energy company leaves debris in Michigan, delays report

Dec. 5, 2019 9:25 PM EST

PETOSKEY, Mich. (AP) — A Canadian-based energy transportation company's preparation of a proposed tunnel that would house a petroleum pipeline caused a borehole to collapse in Michigan, which left debris in the waterway. Enbridge Energy had been collecting rock and soil samples, which it finished Sept. 12...

Firefighters battle hot spots at Georgia peanut warehouse

Dec. 5, 2019 7:50 PM EST

DOUGLAS, Ga. (AP) — Firefighters continued to battle hot spots at a south Georgia peanut warehouse on Thursday, more than a day after the blaze began. Coffee County Fire Chief Steve Carver told The Associated Press that firefighters arrived at the warehouse in Douglas to find flames leaping through the...

OPEC talks end without announcement of expected cuts

Dec. 5, 2019 5:59 PM EST

VIENNA (AP) — The countries that make up the OPEC oil-producing cartel ended talks late Thursday without an announcement on possible deep cuts to production that would support the price of fuel around the world. An OPEC spokesman told waiting journalists at 10 p.m. (2100 GMT) that an expected news...