Latest Energy industry News

FILE - In this Aug. 27, 2018 file photo, Russian President Vladimir Putin, left, listens to Russian Rosneft CEO Igor Sechin during his flight to visit Chernigovets coal mine, in Beryozovsky, Kemerovo region, Russia. On Tuesday, Feb. 18, 2020, the Treasury Department slapped sanctions on Rosneft’s trading arm and its CEO, accusing the Geneva-based firm of providing a critical lifeline to Venezuela’s President Nicolas Maduro. (Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP, File)

Rosneft hands Venezuelan oil business to Russian state firm

Mar. 28, 2020 7:56 PM EDT

MOSCOW (AP) — Russia's Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin's government, a move apparently intended to shield Russia's largest oil producer from U.S. sanctions while Moscow continues showing support for Venezuelan President Nicolás Maduro in the...

Russia’s state-controlled Rosneft oil company says it is ceasing operations and selling its assets in Venezuela

Mar. 28, 2020 2:11 PM EDT
MOSCOW (AP) — Russia’s state-controlled Rosneft oil company says it is ceasing operations and selling its assets in Venezuela.

Gas prices keep falling amid lower demand during epidemic

Mar. 28, 2020 2:09 PM EDT

TRENTON, N.J. (AP) — Gas prices in New Jersey and across the nation are still falling amid decreased demand with fewer drivers on the road during the coronavirus epidemic. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.22, down nine cents from a week ago....

Hawaiian Electric to extend service suspensions to mid-May

Mar. 28, 2020 12:09 PM EDT

HONOLULU (AP) — A utility company in Hawaii has adjusted its operations and some of its services to potentially reduce the spread of the coronavirus. The Hawaiian Electric Company announced plans to extend the suspension of service disconnections for customers another month, adding that any notices...

Environmental groups complain about dam hearings format

Mar. 28, 2020 11:58 AM EDT

SPOKANE, Wash. (AP) — Some environmental groups are complaining about the teleconference format for gathering public comments on a federal government proposal to save salmon runs on the Columbia River system. Because of the coronavirus pandemic, the government decided to hold teleconferences, rather than...

Milestone reached on second new reactor at Plant Vogtle

Mar. 28, 2020 11:06 AM EDT

WAYNESBORO, Ga. (AP) — Georgia Power says a crews have reached a big milestone in the construction of a second new nuclear reactor at Plant Vogtle. The 750-ton (680 metric tonnes) top head for the reactor's containment vessel was lifted into place Friday, The Augusta Chronicle reported. The giant cap...

FILE - In this Wednesday, March 25, 2020 file photo, American Airlines jets sit idly at their gates as a jet arrives at Sky Harbor International Airport in Phoenix. The Trump administration is raising the possibility of the U.S. government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter, Thursday, March 26, 2020. (AP Photo/Matt York, File)

National bills coming due, with risk; consumers see it, too

Mar. 27, 2020 8:55 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus. ____ UNDER REVIEW: This week, the U.S. reported that a staggering 3.3 million Americans applied for...

In this photo taken Feb. 18, 2020, people walk behind a Pacific Gas and Electric truck parked in San Francisco. The stock market turmoil triggered by the coronavirus pandemic is raising worries that Pacific Gas & Electric's $13.5 billion settlement with victims of catastrophic wildfires may be worth far less by the time the beleaguered company emerges from bankruptcy. A lawyer who represents more than 81,000 wildfire victims flagged the escalating concerns during a Wednesday, March 25, 2020, court hearing held by conference call. (AP Photo/Jeff Chiu)

PG&E to use wildfire victims fund to pay for past crimes

Mar. 27, 2020 6:14 PM EDT

BERKELEY, Calif. (AP) — Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its crimes in a deadly Northern California wildfire by taking money away from a fund set up to compensate thousands of victims for their losses....

A man wearing a face mask as a precaution amid the spread of the new coronavirus passes a mural that in Spanish reads

AP Explains: US indicts Venezuela's Maduro as narcoterrorist

Mar. 27, 2020 5:29 PM EDT

CARACAS, Venezuela (AP) — The Trump administration has indicted Venezuela’s President Nicolás Maduro and more than a dozen members of his inner circle, stepping up measures to drive the socialist leader from power. U.S. prosecutors announced the charges Thursday, accusing Maduro of...

In this image provided by Jay Woods,  Woods, a Designated Market Maker with IMC and NYSE Floor Governor, who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, N.J., Thursday, March 26, 2020.  Stocks are opening lower on Wall Street, Friday, March 27,  as the market gives back some of the gains it piled up over the past three days.  (Shannon Woods/Courtesy Jay Woods via AP)

Stocks drop, but hold on to weekly gains after a big rally

Mar. 27, 2020 5:22 PM EDT

Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastation being caused by the coronavirus. The S&P 500 closed 3.4% lower, but still climbed 10.3% for the week, its...