Latest Oil and gas exploration and extraction News

UAE wants Libya to 'return to oil production' amid war

Jul. 13, 2020 7:40 AM EDT

DUBAI, United Arab Emirates (AP) — The United Arab Emirates wants Libya to “return to oil production” as soon as possible, a top Emirati official said Monday, after officials with Libya’s U.N.-supported government in Tripoli accused the UAE of ordering rival Libyan forces to block oil...

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...

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...

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...

FILE - San Francisco Police Auxiliary Law Enforcement Response Team (ALERT) volunteer David Flynn offers face masks to help prevent the spread of the coronavirus at Dolores Park in San Francisco, Sunday, May 24, 2020. California is creating roving

The Latest: New Zealand to charge patient who went shopping

Jul. 7, 2020 10:21 PM EDT

WELLINGTON, New Zealand — New Zealand authorities say they will press charges against a coronavirus patient who escaped quarantine in Auckland and went shopping at a supermarket. Air Commodore Darryn Webb, the head of managed isolation and quarantine, said the 32-year-old man escaped through a fence at...

US signs order for first West Coast gas-export terminal

Jul. 6, 2020 8:10 PM EDT

The Trump administration on Monday formally authorized exports from a proposed Oregon natural-gas terminal, the first on the U.S. West Coast. Energy Secretary Dan Brouillette signed the order for the proposed Jordan Cove liquid natural gas terminal in Coos Bay, Oregon. Monday’s approval for the project,...