Latest Oil and gas industry News

Moldova turns to Poland for gas amid tensions with Russia

Oct. 27, 2021 11:14 AM EDT

BUCHAREST, Romania (AP) — The Republic of Moldova has turned to a non-Russian natural gas supplier for the first time as the former Soviet republic seeks to avert a looming gas shortage this winter after failing to renew a long-term supply contract with Moscow. On...

Gulf Arab states, squeezed by climate change, still tout oil

Oct. 27, 2021 02:18 AM EDT

RIYADH, Saudi Arabia (AP) — The global energy transition is perhaps nowhere more perplexing than in the Arabian Peninsula, where Saudi Arabia and other Gulf monarchies are caught between two daunting climate change scenarios that threaten their livelihoods. In one, the...

Navy says operator error caused Hawaii pipeline leak

Oct. 26, 2021 22:06 PM EDT

HONOLULU (AP) — The U.S. Navy said Tuesday that operator error caused it to release 1,618 gallons (6,125 liters) of jet fuel from a pipeline at its Red Hill fuel tank storage facility in Hawaii, but that the leak didn't come from any of the massive tanks themselves. ...

Wildlife agencies to cancel Trump endangered species rules

Oct. 26, 2021 18:10 PM EDT

BILLINGS, Mont. (AP) — President Joe Biden's administration announced Tuesday plans to cancel two environmental rollbacks under former President Donald Trump that limited habitat protections for imperiled plants and wildlife. The proposal to drop the two Trump-era rules...

White House eyes new climate change strategies in Biden bill

Oct. 26, 2021 14:27 PM EDT

WASHINGTON (AP) — The White House is zeroing in on a package of clean energy strategies for President Joe Biden's big domestic policy bill that officials believe could reach similar greenhouse gas emission reduction goals as an initial proposal that was quashed by opposition from a...

Morrison: Australia will beat 2030 goal for lower emissions

Oct. 26, 2021 07:44 AM EDT

CANBERRA, Australia (AP) — Australia’s Prime Minister Scott Morrison said on Tuesday the country is set to reduce emissions by 35% below 2005 levels by 2030, but he won't commit to such a target at the U.N. climate conference in Scotland. Morrison said his government...

Dutch pension fund to divest from fossil fuel producers

Oct. 26, 2021 04:48 AM EDT

THE HAGUE, Netherlands (AP) — The Netherlands' biggest pension fund announced Tuesday that it will stop investing in companies that produce fossil fuels, saying the move — that has long been demanded by many members of the fund — was prompted by recent climate reports by the United...

Asian shares mostly higher, tracking Wall Street rally

Oct. 25, 2021 23:43 PM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after another rally to a record high on Wall Street. Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the summer than analysts had expected. Historically low interest...

Edwards heading to Scotland this week for climate conference

Oct. 25, 2021 18:12 PM EDT

BATON ROUGE, La. (AP) — Gov. John Bel Edwards and other Louisiana officials will travel Thursday to Scotland to attend an international climate change conference packed with world leaders. The governor's economic development and coastal policy advisors will be among...

US official: Russia should send more gas to Europe 'quickly'

Oct. 25, 2021 13:01 PM EDT

FRANKFURT, Germany (AP) — A senior energy adviser to U.S. President Joe Biden urged Russia to supply more natural gas to Europe now rather than wait for approval of a newly completed pipeline, saying Monday that “they should do it quickly” to ward off the risk of severe gas shortages...