Gas

Foundation of Rig for Leviathan Gas Field Arrives in Israel

JERUSALEM — Israel’s Delek Drilling and its U.S. partner, Noble Energy, said Sunday the foundation of their rig for the Leviathan gas field has arrived, in the first stage of an ambitious project they say will wean Israel off coal and revolutionize its economy by turning it into an energy exporter.

© AFP/File | Israel hopes its gas reserves will enable it to forge strategic ties within the region and become a supplier for Europe

Egypt Launches Regional Gas Forum, Including Israel in Fold

CAIRO, Egypt — Egypt hosted its first ever regional gas forum on Monday, with several regional delegations attending alongside Energy Minister Yuval Steinitz, in what was just the second such visit by an Israeli Cabinet member since the 2011 Arab Spring uprising.

Yuval Steinitz, the Israeli Minister of National Infrastructures, Energy and Water Resources, talks to the press at the prime minister's office in Jerusalem on August 13, 2015, announcing a major agreement between Israels government and a consortium including US firm Noble Energy on natural gas production in the Mediterranean Sea.

Iran Minister Blasts Trump Over Oil and Gas Contracts

TEHRAN – Iran’s oil minister lashed out at the United States on Sunday, saying that hostile comments by President Donald Trump had torpedoed new oil and gas contracts for the Islamic republic.

Iran's Oil Minister Bijan Namdar Zanganeh (C) speaks to journalists as he attends the 173rd OPEC Conference of Organization of the Petroleum Exporting Countries (OPEC) in Vienna, on November 30, 2017. ?The OPEC will discuss a possible extension beyond March of its pact with Russia and other major oil producers …

Devon Energy Laying Off 700 Workers in Oklahoma City

The crashing price of oil may be good for Americans on the road, but in some cases, it is bad for their jobs. As the price of oil collapses, jobs in Oklahoma City are now being lost, as Devon Energy Corp. has announced it is shedding up to 700 jobs.

AP Photo/Gene J. Puskar

Gas Below $2 in California

In the Bay Area, gas prices have dropped under $2 a gallon–a low price not seen in years.

AP/Rich Pedroncelli

Chevron Plans to Cut 7,000 Jobs

Chevron plans to cut up to 7,000 jobs for the next two years due to low oil prices. Capital and exploratory projects will be delayed as well.

Chevron Sign and Flag Elaine ThompsonAP

Vladimir Putin’s Approval Dips, but Remains High

A poll from the Public Opinion Foundation found Russian President Vladimir Putin’s approval rating is slightly down, but still “extremely high” despite a failing Russian economy.

RUSSIA-PUTIN-CONFERENCE

Jerry Brown Dodges Tax Questions

On Wednesday, California Governor Jerry Brown evaded questions about whether he would raise taxes to pay for new road repairs. Some Democratic leaders have urged raising taxes on gas or cigarettes. But Brown remained mum on any tax hike, saying coyly, “I’m

The Associated Press

Debate over Bill to Halve Gas Use in CA

The Clean Energy and Pollution Reduction Act of 2015, SB 350, which would force petroleum use in California cars and trucks to be cut in half by 2030, is snaking through the California State Assembly toward a vote, prompting acrimonious debate between supporters and opponents.

Putin Meets Berlusconi in Italy While Claiming Sanctions Hurt Rome

Russian President Vladimir Putin used his trip to Italy to attempt to persuade Italian officials to end the sanctions against his country, which he claims hurt Italian businesses. He also snuggled close with disgraced politician Silvio Berlusconi.

AP Photo/Kerim Okten

Nuclear Deal with Iran Could Lower Gas Prices

Iran, which has had its oil exports restricted between 2012 and 2014 by economic sanctions so its exports were virtually cut in half, would likely increase its imports if the U.S. and the other P5+1 nations make a deal regarding Iran’s nuclear program. Their increased exports might cause American gas prices to dip, leaving consumers happier until the Iranian nuclear program becomes operational.

AP Photo/Lynne Sladky