Latest Oil and gas exploration and extraction News

FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange.   Exxon Mobil is slashing 1,900 jobs from its U.S. workforce as the pandemic continues to sap demand for fuel. The Irving, Texas-based oil giant said on Thursday, Oct. 29, 2020, the reductions will be both voluntary and involuntary and will largely come from its management offices in Houston.  (AP Photo/Richard Drew, File)

Exxon, Chevron to cut US jobs as oil industry struggles

Oct. 29, 2020 3:43 PM EDT

NEW YORK (AP) — Exxon Mobil is slashing 1,900 jobs from its U.S. workforce, and Chevron plans to cut a quarter of the employees at its recently-acquired Noble Energy as the pandemic saps demand for fuel. Exxon said Thursday the reductions will be both voluntary and involuntary and will largely come from...

Editorial Roundup: Pennsylvania

Oct. 28, 2020 2:43 PM EDT

Recent editorials of statewide and national interest from Pennsylvania’s newspapers: State budget surrounded with anxiety Altoona Mirror Oct. 24 The fiscal time bomb challenging the best budget instincts of the Pennsylvania General Assembly keeps getting closer to exploding. The important question that...

Man gets 3 years for operating illegal butane honey oil lab

Oct. 28, 2020 11:34 AM EDT

BEND, Ore. (AP) — A Bend-area man has been sentenced to three years in federal prison for running an illegal butane honey oil, or BHO extraction lab, on rural Alfalfa-area property, authorities said. U.S. Attorney Billy J. Williams said Tuesday that Jacob Robe, 31, also will face three years’...

FILE - In this Oct. 14, 2020 file photo, a helicopter flies over a base of the U.N. peacekeeping force, in the southern town of Naqoura, Lebanon. On Wednesday, Oct. 28, 2020, Lebanon and Israel held a second round of U.S.-mediated talks over their disputed maritime border and agreed on a third meeting. The U.S.-mediated talks are being held in a tent at the U.N. post along the border known as Ras Naqoura, on the edge of the Lebanese border town of Naqoura. (AP Photo/Bilal Hussein, File)

Lebanon, Israel hold 2nd round of maritime demarcation talks

Oct. 28, 2020 11:03 AM EDT

BEIRUT (AP) — Lebanon and Israel held a second round of U.S.-mediated talks Wednesday over their disputed maritime border and agreed to continue discussions on the next day. Local news reports described the meeting as “serious” as the two sides got down to technicalities and the Lebanese...

Government approves Alaska Petroleum Reserve Willow project

Oct. 28, 2020 9:57 AM EDT

ANCHORAGE, Alaska (AP) — The federal government has approved the Willow oil project in the National Petroleum Reserve-Alaska, allowing construction near a prized conservation area in a largely undeveloped region. U.S. Interior Secretary David Bernhardt signed the government’s record of decision...

Trump campaign banners wave in the wind along Route 8 in Middlesex Township, Pa., in conservative Butler County on Thursday, Oct. 15, 2020. To win Pennsylvania, President Donald Trump needs blowout victories and historic turnout in conservative strongholds across the state. (AP Photo/Gene J. Puskar)

'We need you': GOP hunts for new voters in Trump territory

Oct. 28, 2020 7:06 AM EDT

SLIPPERY ROCK, Pa. (AP) — President Donald Trump’s campaign has a bold theory for how he will win reelection: It can tap a universe of millions of supporters who did not vote for him in 2016 but will do so this time. Supposedly, these voters are overlooked by polls that show Trump consistently...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Oct. 28, 2020. Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. (AP Photo/Kin Cheung)

Asian stocks fall on worries over rising virus cases, US aid

Oct. 27, 2020 10:51 PM EDT

TOKYO (AP) — Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The uncertainty surrounding the upcoming U.S. election also has regional market players hesitant to make big moves. Japan's benchmark Nikkei 225 fell 0.3%...

How major US stock indexes fared Tuesday

Oct. 27, 2020 4:57 PM EDT

U.S. stock indexes closed mostly lower Tuesday, adding to the market's losses a day after the S&P 500 had its worst drop in a month. Most of the stocks in the benchmark index fell, particularly banks, oil producers and other companies whose profits tend to track the strength of the economy. Those losses...

President Donald Trump speaks at a campaign rally at Altoona-Blair County Airport, Monday, Oct. 26, 2020, in Martinsburg, Pa. (AP Photo/Alex Brandon)

The Latest: Trump celebrates expected Barrett confirmation

Oct. 26, 2020 6:13 PM EDT

WASHINGTON (AP) — The Latest on the presidential campaign (all times local): 6:10 p.m. President Donald Trump is celebrating the expected confirmation of Amy Coney Barrett to the U.S. Supreme Court as he campaigns in Pennsylvania during his third rally of the day. Trump asked a crowd of thousands that...

Wyoming revenue report less bleak but Gordon urges restraint

Oct. 26, 2020 5:28 PM EDT

CHEYENNE, Wyo. (AP) — Wyoming’s governor urged legislators Monday to work with him to lower state spending while a report predicted ongoing weak revenue from the oil, natural gas and coal industries. The Consensus Revenue Estimating Group report released Monday forecasts a $451 million revenue...