Latest Oil and gas exploration and extraction News

Libyan oil company resumes exports after months of blockade

Jul. 10, 2020 3:00 PM EDT

CAIRO (AP) — Libya’s national oil company announced Friday it has resumed crude exports, ending a months-long blockade that eastern tribes had called to protest revenue distribution in the war-torn country. The National Oil Corporation said the resumption of exports from Libya started on a small...

A man walks in the rain past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 10, 2020. Asian stock markets followed Wall Street lower Friday on worries economic improvements might fade as coronavirus cases increase in the United States and some other countries. (AP Photo/Eugene Hoshiko)

Asian stocks sink after Wall St losses on economy worries

Jul. 9, 2020 11:43 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries. Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia retreated a day after strong gains driven by the rise of...

FILE - In this Oct. 5, 2016, file photo, heavy equipment is seen at a site where sections of the Dakota Access pipeline were being buried near the town of St. Anthony in Morton County, N.D. A federal judge on Monday, July 6, 2020, ordered the pipeline to shut down until more environmental review is done. (Tom Stromme/The Bismarck Tribune via AP, File)

Setbacks hamper pipeline industry backed by Trump

Jul. 9, 2020 5:17 PM EDT

BILLINGS, Mont. (AP) — After a U.S. energy boom and strong backing from President Donald Trump propelled a major expansion of the nation’s sprawling oil and gas pipeline network, mounting political pressures and legal setbacks have put its future growth in doubt even as the pandemic saps demand for...

How major US stock indexes fared Thursday

Jul. 9, 2020 5:07 PM EDT

Banks helped drag stocks lower on Wall Street Thursday amid worries that recent improvements in the economy may be set to stall as coronavirus cases continue to climb. The S&P 500 lost nearly all of its gains from the day before, with the sharpest drops hitting oil producers and other stocks whose fortunes...

Cyprus to get 1st natural gas import terminal in 2 years

Jul. 9, 2020 2:42 PM EDT

NICOSIA, Cyprus (AP) — Cyprus said it plans to transition to cleaner and cheaper natural gas for energy generation in two years as work officially began Thursday to build the east Mediterranean island nation’s first gas import terminal. Cypriot President Nicos Anatastiades attended a groundbreaking...

Wyoming governor: 10% cuts submitted, 10% more to follow

Jul. 9, 2020 12:53 PM EDT

CHEYENNE, Wyo. (AP) — Wyoming state agencies have submitted plans for 10% budget cuts that could eliminate services for children and the elderly and slash funding for mental health programs, Gov. Mark Gordon said. Another 10% cut across state agencies and layoffs will follow as Wyoming faces a steep...

Dakota pipeline still moving oil despite shutdown order

Jul. 8, 2020 6:51 PM EDT

BISMARCK, N.D. (AP) — The owner of the Dakota Access Pipeline continued to fill it with North Dakota crude oil on Wednesday and said it has no immediate plans to shut down the line, despite a federal judge’s order that it be stopped within 30 days for additional environmental review. Pipeline owner...

Editorial Roundup: West Virginia

Jul. 8, 2020 4:51 PM EDT

Recent editorials from West Virginia newspapers: ___ July 8 Bluefield Daily Telegraph on West Virginia's mask mandate: Masks are now considered mandatory in both West Virginia and Virginia. Like it or not, facial coverings are one of the best tools we currently have to slow the surge in new coronavirus cases...

Editorial Roundup: North Carolina

Jul. 8, 2020 4:22 PM EDT

Recent editorials from North Carolina newspapers: ___ July 7 The Fayetteville Observer on how the musical ‘Hamilton’ can be used in education: In the wake of nationwide protests over the police killing of George Floyd in May, some protesters have taken to toppling statues of figures from history...

FILE - In this Wednesday, Nov. 4, 2009, file photo, a worker works with palm oil fruits at a collection center in Dangkil, outside Kuala Lumpur, Malaysia. On Tuesday, July 7, 2020, anti-trafficking organization Liberty Shared said it filed a petition to ban the importation of palm oil produced by Malaysia-based Sime Darby Berhad, one of the world’s largest suppliers, saying it found evidence of child and forced labor on plantations that supply American food and cosmetics companies. (AP Photo/Vincent Thian)

Malaysian palm oil giant hit with forced labor allegations

Jul. 8, 2020 10:04 AM EDT

MINNEAPOLIS (AP) — An anti-trafficking organization has filed a petition to ban the importation of palm oil produced by one of the world’s largest suppliers, saying it found evidence of child and forced labor on plantations that supply American food and cosmetics companies. The petition against...