Latest Oil and gas exploration and extraction News

Biden sets out oil, gas leasing reform, stops short of ban

Nov. 26, 2021 16:42 PM EST

WASHINGTON (AP) — The Biden administration on Friday recommended an overhaul of the nation's oil and gas leasing program to limit areas available for energy development and raise costs for oil and gas companies to drill on public land and water. The long-awaited report...

Colorado debates bonding for closing, cleaning orphan wells

Nov. 25, 2021 10:16 AM EST

DENVER (AP) — Proposed reforms meant to ensure taxpayers don’t get stuck paying to clean up oil and gas sites could actually leave the public open to eventually covering billions of dollars in costs, environmentalists and local governments contend. The Colorado Oil...

California denies most fracking permits ahead of 2024 ban

Nov. 24, 2021 18:24 PM EST

SACRAMENTO, Calif. (AP) — California regulators haven't approved permits for the controversial oil and gas extraction process known as fracking since February, effectively phasing out the process ahead of Gov. Gavin Newsom's 2024 deadline to end it. The state's...

Bahrain announces $30 billion post-pandemic investment plan

Nov. 24, 2021 09:28 AM EST

DUBAI, United Arab Emirates (AP) — The island kingdom of Bahrain announced plans Wednesday for over $30 billion in spending to spur investment and build up infrastructure over the next several years, promising to create five brand-new cities on man-made islands. The...

Journalists released after arrest at B.C. pipeline dispute

Nov. 22, 2021 21:37 PM EST

PRINCE GEORGE, British Columbia (AP) — A photojournalist and a documentary filmmaker have been released by a Canadian judge, three days after being arrested while covering police enforcement of an injunction against pipeline protests in northern British Columbia. Amber...

Yemen official warns dam will break if rebels take Marib

Nov. 21, 2021 03:48 AM EST

DUBAI, United Arab Emirates (AP) — The foreign minister of Yemen's government in exile warned Sunday that a rebel takeover of the crucial, energy-rich city of Marib would be a disaster on the scale of the collapse of its ancient dam that decimated an entire kingdom. ...

Biden mulls reversing Trump rules on western grouse species

Nov. 19, 2021 17:28 PM EST

BILLINGS, Mont. (AP) — The Biden administration on Friday said it will consider new measures to protect greater sage grouse, a bird species once found across much of the U.S. West that has suffered drastic declines in recent decades due to oil and gas drilling, grazing, wildfires and other...

Companies bid $192 million in 1st Gulf oil sale under Biden

Nov. 17, 2021 17:52 PM EST

NEW ORLEANS (AP) — Energy companies including Shell, BP, Chevron and ExxonMobil offered a combined $192 million for drilling rights on federal oil and gas reserves in the Gulf of Mexico on Wednesday, as the first government lease auction under President Joe Biden laid bare the hurdles he...

North Dakota treasury benefitting from higher oil prices

Nov. 17, 2021 09:21 AM EST

BISMARCK, N.D. (AP) — Climbing U.S. oil prices that have motorists paying more at the gas pumps are adding to North Dakota's bottom line. The state's oil production was up slightly in September, but prices for North Dakota crude were 32% higher than the state's tax...

Editorial Roundup: Pennsylvania

Nov. 17, 2021 09:01 AM EST

Pittsburgh Post-Gazette. Nov. 13, 2021. Editorial: Banning drilling under county parks still misguided Allegheny County Council is once again considering a bill to ban natural gas drilling under county parks. And once again, we believe the move is...