Latest Oil and gas exploration and extraction News

Greece sends letters to UN over Turkey-Libya deal

Dec. 10, 2019 8:03 AM EST

ATHENS, Greece (AP) — Greece has sent two letters to the United Nations explaining its objections to a maritime boundary deal between Turkey and Libya and asking for the matter to be taken up by the U.N. Security Council, the government spokesman said Tuesday. The country’s foreign minister also...

Sanders optimistic about winning Nevada, Iowa, New Hampshire

Dec. 9, 2019 11:34 PM EST

RENO, Nev. (AP) — Vermont Sen. Bernie Sanders declared in Nevada on Monday he has an “excellent chance” of winning all three of the earliest presidential-selection states en route to unseating President Donald Trump in November, calling him the “most dangerous president in the history...

Oil bonanza sustains state budget surplus in New Mexico

Dec. 9, 2019 7:08 PM EST

SANTA FE, N.M. (AP) — State government income is expected to outpace spending obligations by nearly $800 million for the coming fiscal year as New Mexico lawmakers contemplate bigger budgets for public schools, health care and anti-crime initiatives. Economists from three state agencies and the...

Saudi prince's ambitions hinge on triumphant Aramco sale

Dec. 9, 2019 12:02 PM EST

RIYADH, Saudi Arabia (AP) — Saudi Arabia is expected to set a new record for the largest stock flotation in history on Wednesday with the sale of part of Aramco, the state-owned oil company valued at $1.7 trillion. The offering's success is crucial to the ambitious plan by Crown Prince Mohammed bin...

Study: Colorado homes near oil wells face lower values

Dec. 9, 2019 10:52 AM EST

DENVER (AP) — Colorado’s most active oil and gas drilling is happening near land that is also hosting some of the fastest housing construction in the state. Until now, it was hard to know what discount, if any, oil and gas activity along the Front Range meant for nearby homes. But Heather Stephens,...

Oil boom, housing crisis bringing sewage problems in camps

Dec. 8, 2019 10:35 AM EST

CARLSBAD, N.M. (AP) — Officials in southeastern New Mexico are struggling to monitor sewage problems from hundreds of camps used to house transient oil field workers. State officials said more than 140 unregistered RV parks in Eddy County were violating liquid water requirements, typically linked to...

Areas producing oil, gas in Texas see more fatal crashes

Dec. 8, 2019 1:06 AM EST

AUSTIN, Texas (AP) — Danielle Galvan was driving to Dallas from her parents' home in the Panhandle when her compact Chevrolet Spark crashed into the rear of a tractor-trailer that was attempting to back up onto U.S. 287 about 10 miles west of Wichita Falls. The 23-year-old aspiring fashion designer and...

Alaska officials estimate $200M drop in oil revenue forecast

Dec. 7, 2019 2:59 PM EST

ANCHORAGE, Alaska (AP) — Alaska's latest revenue forecast has estimated a $200 million decrease in oil revenue after an excess of the resource contributed to lower prices worldwide, state officials said. The state Department of Revenue released the forecast Friday revealing both prices and production are...

Mexico announces its biggest oil discovery in three decades

Dec. 6, 2019 11:48 PM EST

MEXICO CITY (AP) — Mexico said Friday that it has made the biggest oil discovery in the country since 1987 at the Quesqui field in the Gulf coast state of Tabasco. Octavio Romero, head of the state-owned oil company Petroleos Mexicanos, said the on-shore field has proven, probable and possible reserves of...

Wyoming oil field explosions, fire severely burn 3 workers

Dec. 6, 2019 4:27 PM EST

CARPENTER, Wyo. (AP) — Explosions and a fire at a Wyoming oil field severely burned three workers. The workers were taken to hospitals in the capital of Cheyenne and across the border in Greeley, Colorado, after the blasts at a compressor station late Thursday, according to Laramie County Fire District No....