Latest Oil and gas exploration and extraction News

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. ...

Editorial Roundup: Pennsylvania

Jun. 23, 2022 02:34 AM EDT

Lancaster Online/LNP. June 15, 2022. Editorial: As cost of farmland soars, next generation of farmers finding ways to get a foothold Farmland in Lancaster County is valuable — increasingly valuable — in more ways than one. It’s essential to the...

Biden calls for 3-month suspension of gas and diesel taxes

Jun. 22, 2022 18:04 PM EDT

WASHINGTON (AP) — President Joe Biden on Wednesday called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers. The Democratic president also called on...

Editorial Roundup: Illinois

Jun. 21, 2022 18:23 PM EDT

Chicago Sun-Times. June 19, 2022. Editorial: Give kayakers and canoeists the right to paddle on small Illinois waterways An Illinois Supreme Court ruling leaves recreational paddlers and fishing enthusiasts up the creek. Last week, the Illinois Supreme...