Latest Oil and gas exploration and extraction News
Pennsylvania high court upholds old precedent in fracking
PITTSBURGH, Pa. (AP) — The Pennsylvania Supreme Court has ruled to uphold a legal principle that allows drillers to drain oil and natural gas from outside their property lines. The court overturned a 2018 decision by the lower Superior Court on Wednesday that said the “rule of capture" does not...
Schools, other beneficiaries to get $1B from state endowment
SANTA FE, N.M. (AP) — New Mexico schools, universities and other beneficiaries will share more than $1 billion from the state's permanent endowment funds. The State Investment Council said Thursday the amount that will be distributed over the next fiscal year will be more than ever before. It also marks...
Cyprus backtracks on claim Turkey stole offshore gas data
NICOSIA, Cyprus (AP) — Cyprus' government spokesman backpedaled Thursday on a claim that Turkey may have stolen technical data to pinpoint a target for gas drilling in waters where the island nation has exclusive economic rights. Government spokesman Kyriakos Koushos told The Associated Press that no such...
Appeals court upholds Norway licenses for Arctic drilling
COPENHAGEN, Denmark (AP) — An appeals court ruled Thursday that the Norwegian government can hand out oil drilling licenses in the Arctic, dealing a second blow to environmental groups that had sued against further drilling in the Barents Sea. The court upheld a ruling that acquitted the government of...
Federal court hears arguments on oil, gas lease in Montana
MISSOULA, Mont. (AP) — An oil-drilling lease dispute has continued in federal court over whether to cancel the lease near Glacier National Park in Montana on land considered sacred by the Blackfeet tribe. The U.S. Court of Appeals heard arguments Monday from lawyers for leaseholder Solenex LLC and...
GOP leader chides Lujan Grisham for ignoring oil in speech
SANTA FE, N.M. (AP) — New Mexico's leading House Republican said he found it “disrespectful” that Gov. Michelle Lujan Grisham failed to cite the oil and gas industry in her State of the State speech on Tuesday at a time when the industry is providing record revenues to the state's coffers...
Colorado energy company to pay $3.5M in air pollution case
DENVER (AP) — Federal and state authorities reached a $3.5 million settlement with a Colorado energy company to resolve alleged violations of air quality laws, officials said. Denver-based oil and gas producer KP Kauffman Company Inc. has agreed to pay $1 million and spend $2.5 million more improving...
Cyprus: Turkey may have stolen data for latest gas drilling
NICOSIA, Cyprus (AP) — Turkey may have stolen technical data that enabled it to send a drill ship to a specific location south of Cyprus that energy companies Eni and Total had pre-selected to carry out their own exploratory drilling, a Cypriot official said Wednesday. Government spokesman Kyriakos Koushos...
Virginia Senate panel OKs offshore drilling, fracking bans
RICHMOND, Va. (AP) — A Virginia Senate committee on Tuesday advanced measures that would ban offshore drilling as well as hydraulic fracturing in much of eastern Virginia. Similar versions of both measures have been proposed in previous years but died in what was then a Republican-controlled General...
US calls for 'immediate' resumption of Libyan oil production
CAIRO (AP) — The U.S. Embassy in Libya on Tuesday called for the immediate resumption of oil production in the country, pressuring eastern Libyan forces who have sought to choke off oil exports in territory under their control. Powerful tribal groups loyal to Gen. Khalifa Hifter, whose forces control...
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