Latest Oil and gas exploration and extraction News

German energy giant RWE to end coal use by 2030

Oct. 04, 2022 08:14 AM EDT

BERLIN (AP) — German energy giant RWE said Tuesday that it will phase out the burning of coal by 2030, saving 280 million metric tons of climate-changing greenhouse gas emissions. The decision will accelerate the closure of some of Europe's most polluting power plants and a vast...

Libya’s Tripoli government signs economic deals with Turkey

Oct. 03, 2022 13:43 PM EDT

BENGHAZI, Libya (AP) — One of Libya’s rival governments signed preliminary economic and maritime deals with Turkey on Monday, in a move that has inflamed tensions between it and the North African country’s other administration. The agreements also angered Turkey's neighbor and...

Israeli leader welcomes US plan for sea border with Lebanon

Oct. 02, 2022 13:11 PM EDT

JERUSALEM (AP) — Israel's prime minister on Sunday welcomed a U.S. proposal for setting the maritime border with Lebanon, saying the American plan for resolving a long-running dispute between the neighboring countries would lift Israel's economy and boost regional security. Prime...

US delivers proposal for maritime border to Lebanon

Oct. 01, 2022 12:10 PM EDT

BEIRUT (AP) — The U.S. ambassador to Lebanon on Saturday delivered a maritime border demarcation proposal to President Michel Aoun, caretaker Prime Minister Najib Mikati and Speaker Nabih Berri on Saturday, as negotiations with Israel progress. Lebanon and Israel have been...

Newsom relaxes refinery rules as California gas prices soar

Sep. 30, 2022 21:15 PM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom on Friday announced that oil refineries could start selling more polluting winter-blend gasoline ahead of schedule to ease soaring fuel prices, directly contradicting his own goals for reducing climate pollutants. The average...

Buffett's company buys nearly 6M more Occidental shares

Sep. 29, 2022 12:30 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company picked up another $368 million worth of Occidental Petroleum stock this week to give it control of nearly 21% of the oil producer. These are the first purchases Berkshire Hathaway has made since regulators gave it approval last month to...

Live Updates: Russia-Ukraine War

Sep. 28, 2022 15:26 PM EDT

KYIV, Ukraine (AP) — KYIV, Ukraine — The governor of Ukraine's Luhansk region says the number of local voters cited by pro-Russia officials as having participated in a “referendum” on living under Russian rule is inconsistent with the number of people residing in the area after seven months...

New report: Oil spills from offshore transportation way down

Sep. 28, 2022 11:10 AM EDT

NEW ORLEANS (AP) — Oil and natural gas spills from tankers and pipelines in U.S. waters dropped dramatically from the last decade of the 1990s to the one from 2010 through 2019, according to a federal report Wednesday. The amounts spilled and dumped in wastewater from drilling rigs...

UK government lifts fracking ban despite opposition

Sep. 22, 2022 09:35 AM EDT

LONDON (AP) — The U.K. government confirmed Thursday that it's lifting a ban on fracking in England, arguing that the move will help boost the country's energy security amid Russia's war in Ukraine. Prime Minister Liz Truss announced within days of taking office earlier this month...

Constitution stops Charles becoming Britain's 'green' king

Sep. 22, 2022 06:34 AM EDT

LONDON (AP) — On a blustery November day last year Britain's future king stood before world leaders to deliver a rallying cry that they should "act with all despatch, and decisively” to confront a common enemy. The clarion call — in the vast, windowless hall of a Glasgow...