Latest Oil and gas exploration and extraction News

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...

In Colorado, a GOP rarity: An abortion rights candidate

Jun. 23, 2022 15:54 PM EDT

DENVER (AP) — Joe O’Dea stood before hundreds of social conservatives and uttered words they were unaccustomed to hearing from a Republican candidate, let alone someone running for the U.S. Senate: “I know my position on abortion isn’t the same as all of yours.” O'Dea, a...

Nigerians blame fuel shortage on Ukraine war, fixed prices

Jun. 23, 2022 14:55 PM EDT

ABUJA, Nigeria (AP) — Nigeria is grappling with widespread fuel shortages that are forcing motorists to spend hours in lines to buy gas and causing prices to surge for transportation and basic commodities. Russia’s war in Ukraine has caused prices to import fuel go up by more...

Buffett's firm picks up $500 million more Occidental shares

Jun. 23, 2022 11:03 AM EDT

OMAHA, Neb. (AP) — Warren Buffett's Berkshire Hathaway bought more than $500 million worth of Occidental Petroleum shares over the past week as it continued to invest heavily in oil producers this year. Shares of Occidental gained more than 2% to trade at $57.11 Thursday morning...

Germany faces natural gas 'crisis,' raises warning level

Jun. 23, 2022 09:02 AM EDT

BERLIN (AP) — Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, warning that Europe's biggest economy faces a “crisis” and storage targets for the winter are at risk after Russia reduced energy deliveries to several countries. ...