Latest Oil and gas industry News

Stocks rise in early trading, keeping S&P 500 near record

Jun. 23, 2021 10:30 AM EDT

Stocks edged higher in early trading on Wall Street Wednesday as investors continue to assess rising inflation and its potential impact on the economic recovery. The modest gains put the S&P 500 just below the record high it set more than a week ago. The benchmark...

Russian gas pipeline vexes U.S. charm offensive in Germany

Jun. 23, 2021 08:07 AM EDT

BERLIN (AP) — The United States and Germany struggled Wednesday to resolve a major dispute over a Russian gas pipeline even as the Biden administration seeks to improve relations with Western Europe that had been strained during Donald Trump’s presidency. U.S....

Dakota Access lawsuit dismissed; future challenges possible

Jun. 23, 2021 00:02 AM EDT

BISMARCK, N.D. (AP) — A federal judge on Tuesday dismissed the lawsuit filed by the Standing Rock Sioux Tribe challenging the operation of the Dakota Access Pipeline. With his ruling, U.S. District Judge James Boasberg outlined a path for a future legal challenge to an...

California oil regulators delay health, safety rules again

Jun. 22, 2021 23:37 PM EDT

SACRAMENTO, Calif. (AP) — It's been a year and a half since California Gov. Gavin Newsom directed oil regulators to consider new health and safety measures to protect people living near oil and gas drilling sites. But those regulators missed another deadline Monday for...

Turkish businessman arrested in scheme with Utah polygamists

Jun. 22, 2021 18:47 PM EDT

SALT LAKE CITY (AP) — A Turkish businessman has been arrested by the U.S. Justice Department in connection with what authorities say was a biodiesel fraud scheme operated by a Utah business that stole nearly $500 million in government funds. Sezgin Baran Korkmaz was...

Minnesota regulators fine company for Line 3 pipeline death

Jun. 22, 2021 18:03 PM EDT

MINNEAPOLIS (AP) — The employer of a man who was run over by a large forklift while working on a northern Minnesota oil pipeline project has been cited by state regulators and fined $25,000. Jorge Villafuerte III was checking a list of materials at the Enbridge Energy...

US appeals court ruling setback for St. Louis-area pipeline

Jun. 22, 2021 15:47 PM EDT

A federal appeals court panel on Tuesday struck down the Federal Energy Regulatory Commission's approval of a natural gas pipeline that runs through parts of Missouri and Illinois. A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled...

Lebanon again raises price of bread amid crippling crisis

Jun. 22, 2021 08:03 AM EDT

BEIRUT (AP) — Lebanon’s economy ministry on Tuesday raised the price of subsidized bread for the fifth time in a year as the country’s multiple crises worsen with no resolution in sight. The ministry said the reason behind the latest increase — an 18% hike from...

Asian shares track rebound on Wall Street

Jun. 21, 2021 23:38 PM EDT

TOKYO (AP) — Asian shares have rebounded from their retreat a day earlier, tracking Wall Street's recovery from the Federal Reserve's reminder it will eventually provide less support to markets. Japan's benchmark Nikkei 225 jumped 2.8% in morning trading to 28,785.24....

Mexican police identify corpse of Indigenous activist

Jun. 21, 2021 23:09 PM EDT

MEXICO CITY (AP) — Prosecutors in the northern Mexico border state of Sonora said Monday tests have confirmed that a badly decayed corpse is that of an Indigenous rights leader who disappeared almost four weeks ago. The office said DNA tests and fingerprints were used...