Latest Oil and gas exploration and extraction News

Biden offshore drilling proposal would allow up to 11 sales

Jul. 01, 2022 22:12 PM EDT

NEW ORLEANS (AP) — President Joe Biden's administration on Friday proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years — going against the Democrat's climate promises but scaling back a Trump-era plan that called for dozens of...

First oil sales on public land under Biden bring $22 million

Jun. 30, 2022 18:59 PM EDT

BILLINGS, Mont. (AP) — Energy companies bid more than $22 million to secure drilling rights on about 110 square miles (285 square kilometers) of public lands in the western U.S. on Thursday, during the first onshore oil and natural gas lease sales since President Joe Biden took office. ...

OPEC+ oil boost likely not much help to high gasoline prices

Jun. 30, 2022 10:22 AM EDT

NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy. The increase of 648,000...

Remains of 7 WWI soldiers given military burial in Flanders

Jun. 30, 2022 10:09 AM EDT

YPRES, Belgium (AP) — British and Canadian authorities have given seven soldiers killed more than a century ago in World War I a full military burial after their remains were discovered during a gas pipeline construction near Ypres, Belgium. The soldiers were found in two separate...

Biden administration holding its first onshore oil sales

Jun. 29, 2022 16:40 PM EDT

BILLINGS, Mont. (AP) — The U.S. government this week is holding its first onshore oil and natural gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration’s attempt to suspend such sales because of climate change worries. ...

Live updates | Spain's king hosts NATO leaders' gala dinner

Jun. 28, 2022 16:49 PM EDT

MADRID (AP) — The Latest on the G-7 summit, the annual meeting of the leading democratic economies, which this year is being held in the Bavarian Alps in Germany; and on the NATO summit in Madrid, where leaders begin gathering later Tuesday: ___ Russia’s war on...

G-7 leaders united behind Ukraine, aim at Kremlin oil money

Jun. 28, 2022 10:05 AM EDT

ELMAU, Germany (AP) — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia's income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes" as the war grinds...

State launches $463 million project to elevate La. 1

Jun. 25, 2022 10:54 AM EDT

GOLDEN MEADOW, La. (AP) — State leaders have broken ground for a $463 million project that will elevate 8.3 miles of La. 1, one of the state's hurricane evacuation routes. The groundbreaking held Friday is for work that will be done between Golden Meadow and Leeville, The Advocate...

Solidarity behind Ukraine's Russia fight atop summit agendas

Jun. 24, 2022 14:06 PM EDT

WASHINGTON (AP) — Back-to-back world leader summits in Europe opening this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia's invasion and overcoming Turkey's opposition to NATO membership for Finland and Sweden. The Group of Seven leading...

Oil industry says Granholm meeting sends 'positive signal'

Jun. 23, 2022 18:20 PM EDT

WASHINGTON (AP) — An oil industry meeting with Energy Secretary Jennifer Granholm to lower gas prices and boost domestic oil supplies was constructive, but did not produce a major breakthrough, administration and industry officials said Thursday. The closed-door meeting came as...