Latest Oil and gas exploration and extraction News

Libya's largest oil field shut down over pipeline closure

Jul. 21, 2019 10:46 AM EDT

CAIRO (AP) — Libya's national oil company has suspended operations at the country's largest oil field over the "unlawful" closure of a pipeline valve, in a country torn by war between rival authorities in the east and west, each backed by various militias. The National Oil Corporation announced the move...

Turkey steps up drilling activities around Cyprus

Jul. 20, 2019 5:25 PM EDT

NICOSIA, Cyprus (AP) — Turkey's vice president said Saturday that his country is dispatching a survey vessel to join two drillships and another research boat to search for hydrocarbons off ethnically divided Cyprus. Turkey will "never submit" to sanctions imposed by the European Union over its drilling in...

Greek minister says Turkey's drilling tests EU's credibility

Jul. 19, 2019 3:29 PM EDT

NICOSIA, Cyprus (AP) — Greece's new defense minister says Turkey's illegal gas drilling off Cyprus is testing the European Union's credibility as a guardian of its members' energy interests in the Mediterranean. Nikos Panagiotopoulos said after talks with the defense minister of Cyprus on Friday that...

Tons of marijuana seized in Southern California raids

Jul. 18, 2019 5:11 PM EDT

PERRIS, Calif. (AP) — Authorities have seized 5.9 tons (5.35 metric tons) of marijuana at illegal grow sites in Southern California. The Riverside County Sheriff's Department says 32 search warrants were served Thursday in the Perris area, about 60 miles (96 kilometers) southeast of Los Angeles. The...

77.8M acres in Gulf of Mexico for August oil, gas lease sale

Jul. 18, 2019 1:00 PM EDT

NEW ORLEANS (AP) — The federal government will offer 77.8 million acres (31.5 million hectares) in the Gulf of Mexico for oil and gas exploration and development on Aug. 21. An Interior Department statement says the lease sale will include 14,585 tracts. They're in water 3 to 231 miles (5 to 370...

Oil production steady in North Dakota

Jul. 17, 2019 7:03 AM EDT

BISMARCK, N.D. (AP) — State officials say oil production in North Dakota held steady this spring. The state's wells produced 1.39 million barrels of crude per day in May, just 800 per day more than in April. Despite the steady May numbers, North Dakota's oil production is near the record set in January....

Company to open CBD oil operation in Kentucky

Jul. 17, 2019 4:41 AM EDT

FRANKFORT, Ky. (AP) — Kentucky officials say a company that specializes in CBD oil extraction and distillation plans to build a $6 million-plus manufacturing plant in Boyle County. Gov. Matt Bevin's office says the venture will create up to 34 full-time jobs over a decade. State officials say the...

Will Trump let Chevron stay in Venezuela?

Jul. 16, 2019 7:16 PM EDT

WASHINGTON (AP) — Chevron was nearly booted from Venezuela in 2007 during a nationalization drive led by the late socialist President Hugo Chavez. Twelve years later, it faces a similar threat from an unlikely corner: the White House. The Trump administration is facing a July 27 deadline to renew a license...

The Latest: Greek Cypriots reject joint gas drilling panel

Jul. 16, 2019 9:24 AM EDT

ANKARA, Turkey (AP) — The Latest on Turkey and the sanctions approved by the European Union over the dispute about drilling near Cyprus (all times local): 4:20 p.m. Greek Cypriot leaders on ethnically split Cyprus have turned down a renewed proposal by breakaway Turkish Cypriots to form a joint committee...

Turkey: EU sanctions over gas drilling 'worthless'

Jul. 16, 2019 8:48 AM EDT

ANKARA, Turkey (AP) — Turkey on Tuesday rejected as "worthless" an initial set of sanctions approved by the European Union against Ankara, and vowed to send a new vessel to the eastern Mediterranean to reinforce its efforts to drill for hydrocarbons off the island of Cyprus. EU foreign ministers on Monday...