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World Bank hikes aid to poor nations fighting global warming

WASHINGTON (AP) — The World Bank is boosting spending on climate change by 50 percent to help poorer countries battle global warming and power 150 million homes with renewable energy. The bank released a 59-page climate action plan Thursday designed to help less developed nations meet global warming goals that countries set last December in Paris. The international financial organization ...

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Venezuela orders long weekends to stave off power crisis

CARCAS, Venezuela (AP) — Public employees in Venezuela will take long weekends for two months under the government’s latest bid to ease a nationwide power crisis. President Nicolas Maduro announced late Wednesday that he would sign a decree giving state workers a Friday furlough for 60 days. Together with other measures, he hopes to reduce electricity consumption by at least ...

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Top 5 Bakken news stories – April 2-8

top 5 bakken news stories april 2-8

It’s been a slow week in the Bakken so this week’s recap brings you a mixture of for sale signs in the Marcellus, Exxon getting probed, Texas losing more jobs, and OPEC members announcing a potential production freeze. Exciting! And… because you, dear reader, earned it: a bonus story at the end of the page! Have you ever wondered how ...

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US rig count drops to 443 this week, Texas loses 7

permian basin

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by seven this week to 443, another all-time low amid depressed energy industry prices. A year ago, 988 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 354 rigs sought oil and 89 explored for natural gas. Among major oil- ...

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Norwegian drilling rig owner criticized over fatal accident

COPENHAGEN, Denmark (AP) — Authorities in Norway say a drilling rig had breached two safety regulations when a huge wave slammed into the offshore platform’s living quarters last year, killing one and injuring four. The Petroleum Safety Authority says its investigation found the “superstructure (of the COSLInnovator) was not dimensioned to resist horizontal wave loads,” and registration of the staff ...

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The Latest: Nigeria senate president linked to offshore case

The Latest: Nigeria senate president linked to offshore case

LONDON (AP) — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local): 1:05 p.m. Nigeria’s Premium Times newspaper is reporting that the country’s senate president, the third highest-ranking politician in Africa’s biggest oil producer, owns at least two offshore accounts that he tried ...

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Ship runs aground at decommissioned Swedish nuclear plant

STOCKHOLM (AP) — A ship used to transport nuclear waste ran aground Friday at a decommissioned nuclear power in southern Sweden, authorities said. The Swedish Maritime Administration says M/S Sigrid had no dangerous cargo aboard and was on its way into the harbor outside the Barseback nuclear plant whose reactors were closed in 1999 and 2005. The government agency said ...

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Iran’s president warns over missed opportunities

TEHRAN, Iran (AP) — Iran’s President Hassan Rouhani has warned that opportunities provided by a nuclear deal with world powers will not last forever. In a ceremony marking national day of nuclear energy on Thursday, Rouhani said: “The opportunity that the nuclear deal has created for us is not permanent and eternal.” State TV broadcast his speech live. Rouhani said ...

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