Latest Oil and gas exploration and extraction News

Pakistan's premier travels to Saudi Arabia amid Gulf tension

Oct. 15, 2019 5:40 AM EDT

ISLAMABAD (AP) — Pakistan's prime minister is traveling to Saudi Arabia amid his efforts to ease tensions between Riyadh and Iran after a recent attack on the kingdom's oil industry. Imran Khan was to arrive to Riyadh on Tuesday. Saudi Arabia is a major supporter of Pakistan. The U.S. blames a Sept. 14...

Ecuador crisis weakens president, strengthens indigenous

Oct. 14, 2019 9:41 PM EDT

QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a mass cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. President Lenín Moreno signed a...

Venezuela boosts worker pay again amid hyperinflation

Oct. 14, 2019 6:13 PM EDT

CARACAS, Venezuela (AP) — Venezuela announced a dramatic hike to the minimum wage Monday in a move that critics expect will do little to alleviate widespread suffering in the crisis-torn country. The monthly package of pay and bonuses workers will soon bring home equals roughly $15 monthly, socialist party...

EU nations commit to arms export ban against Turkey

Oct. 14, 2019 1:59 PM EDT

LUXEMBOURG (AP) — European Union nations vented outrage Monday at Turkey's military offensive in northern Syria against the Kurds and joined France and Germany in banning arms sales to Ankara, a rare move against a NATO ally for many of them. Many EU foreign ministers were looking beyond a strong statement...

Ecuador indigenous, president strike deal to end protests

Oct. 13, 2019 11:14 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno and leaders of Ecuador's indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.  Under the agreement announced just before 10...

California governor signs bill limiting oil, gas development

Oct. 13, 2019 12:31 AM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom on Saturday signed a law intended to counter Trump administration plans to increase oil and gas production on protected public land. The measure bars any California leasing authority from allowing pipelines or other oil and gas infrastructure to be...

France joins Cyprus for naval maneuvers amid gas dispute

Oct. 12, 2019 2:34 PM EDT

NICOSIA, Cyprus (AP) — France and Cyprus are conducting naval maneuvers off Cyprus as the east Mediterranean island nation is embroiled in a tense dispute with Turkey over offshore gas drilling. Two French frigates heading to Syria plan to take part in "routine" exercises in Cypriot waters this weekend, a...

The Latest: 97% of blackout customers have power restored

Oct. 11, 2019 11:47 PM EDT

LOS ANGELES (AP) — The Latest on the power shutoff involving California wildfires (all times local): 8:50 p.m. Pacific Gas & Electric says it's restored power to 97% of the customers it deliberately blacked out because of weather-related fire concerns. PG&E reports Friday night that of the...

Feds: move Trump drilling rules challenge out of California

Oct. 11, 2019 7:19 PM EDT

NEW ORLEANS (AP) — The federal government wants a challenge to Trump administration rules for offshore drilling to be moved out of California. The case should be heard in New Orleans or Washington, Justice Department lawyers said in papers filed Friday in federal court in San Francisco, where the challenge...

Iran says missiles strike its oil tanker off Saudi Arabia

Oct. 11, 2019 1:25 PM EDT

TEHRAN, Iran (AP) — Iran said Friday two missiles struck one of its oil tankers traveling through the Red Sea off the coast of Saudi Arabia, a mysterious assault not immediately corroborated that still spiked oil prices amid months of heightened tensions at sea across the wider Mideast. There was no...