Latest Oil and gas industry News

Ecuador indigenous, president open talks over protests

Oct. 13, 2019 9:20 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno and leaders of Ecuador's indigenous peoples sat down Sunday evening to a nationally broadcast negotiating session aimed at defusing nearly two weeks of protests that have paralyzed the economy and left seven dead and hundreds injured in clashes with police....

Average US price of gas unchanged over past 2 weeks

Oct. 13, 2019 2:32 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has remained at $2.73 a gallon over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that within the average, prices in more than half of the cities surveyed fell by several cents while prices...

Iran offers warning after mysterious tanker attack

Oct. 13, 2019 11:57 AM EDT

TEHRAN, Iran (AP) — Iran's president warned Sunday it would be "a big mistake" to think his country won't respond to threats after a mysterious attack on one of its oil tankers. Hassan Rouhani's remarks came as Pakistan's prime minister was visiting Iran in an effort to ease tensions between Tehran and...

Algerians protest bill to boost foreign money in oil sector

Oct. 13, 2019 8:29 AM EDT

ALGIERS, Algeria (AP) — Thousands of Algerians are protesting in front of their parliament against a bill aimed at attracting foreign investment to the oil and gas sector, which underpins the national economy. Surrounded by police, protesters raised their fists and accused the government of selling out...

California governor signs bill limiting oil, gas development

Oct. 13, 2019 12:31 AM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom on Saturday signed a law intended to counter Trump administration plans to increase oil and gas production on protected public land. The measure bars any California leasing authority from allowing pipelines or other oil and gas infrastructure to be...

President orders army onto streets of Ecuadorian capital

Oct. 13, 2019 12:07 AM EDT

QUITO, Ecuador (AP) — Ecuador's army took to the streets after President Lenín Moreno ordered the first 24-hour curfew in decades in response to a day of attacks on government buildings and media offices. By Saturday night, soldiers had retaken control of the park and streets leading to the National...

France joins Cyprus for naval maneuvers amid gas dispute

Oct. 12, 2019 2:34 PM EDT

NICOSIA, Cyprus (AP) — France and Cyprus are conducting naval maneuvers off Cyprus as the east Mediterranean island nation is embroiled in a tense dispute with Turkey over offshore gas drilling. Two French frigates heading to Syria plan to take part in "routine" exercises in Cypriot waters this weekend, a...

Iranian official says oil tanker attack won't go unpunished

Oct. 12, 2019 2:02 PM EDT

TEHRAN, Iran (AP) — A senior Iranian security official said Saturday that an attack on one of the country's oil tankers won't go unpunished, the official IRNA news agency reported. Ali Shamkhani, secretary of Iran's Supreme National Security Council, said a day after two missiles struck the Iranian tanker...

Former Ukraine envoy testifies Trump pushed to oust her

Oct. 12, 2019 9:44 AM EDT

WASHINGTON (AP) — Testifying in defiance of President Donald Trump's ban, former U.S. Ambassador to Ukraine Marie Yovanovitch told House impeachment investigators Friday that Trump himself pressured the State Department to oust her from her post and get her out of the country. Yovanovitch told lawmakers...

The Latest: 97% of blackout customers have power restored

Oct. 11, 2019 11:47 PM EDT

LOS ANGELES (AP) — The Latest on the power shutoff involving California wildfires (all times local): 8:50 p.m. Pacific Gas & Electric says it's restored power to 97% of the customers it deliberately blacked out because of weather-related fire concerns. PG&E reports Friday night that of the...