Latest Oil and gas exploration and extraction News

Iran announces another navy drill in key Strait of Hormuz

Feb. 21, 2019 2:30 AM EST

TEHRAN, Iran (AP) — Iran's navy says it will hold an annual drill in the strategic Strait of Hormuz as pressure mounts on the country months after the United States re-imposed sanctions on Iran, targeting its vital oil sector. The strait is located at the mouth of the Persian Gulf and is crucial to global...

Trump's coal pledge could be tested by TVA vote this week

Feb. 13, 2019 4:25 PM EST

FRANKFORT, Ky. (AP) — President Donald Trump's support for the coal industry — and for a particular power plant — will face a test this week when a utility board he appoints considers whether to close a coal-fired Kentucky plant whose suppliers include a mine owned by one of his campaign...

McConnell wields Green New Deal as bludgeon against Dems

Feb. 12, 2019 9:47 PM EST

WASHINGTON (AP) — The Senate will vote on the Green New Deal, a moonshot plan by Democrats to combat climate change, Senate Majority Leader Mitch McConnell said Tuesday, announcing a move designed to force Senate Democrats — including a cast of presidential candidates — into a political bind....

US expects record domestic oil production in 2019, 2020

Feb. 12, 2019 4:24 PM EST

The United States expects domestic oil production to reach new heights this year and next, and that prices — for both crude and gasoline — will be lower than they were in 2018. Government forecasters are sticking to their forecast that the United States — already the world's biggest oil...

The Latest: Critics protest drilling in Arctic refuge

Feb. 11, 2019 7:17 PM EST

ANCHORAGE, Alaska (AP) — The Latest on public testimony regarding proposed oil lease sales in Alaska's Arctic National Wildlife Refuge (all times local): 3:15 p.m. Critics of proposed oil lease sales in the Arctic National Wildlife Refuge urged federal officials to consider the long-term environmental...

Cyprus, Egypt, Greece say gas search in sea won't be stopped

Feb. 11, 2019 1:56 PM EST

NICOSIA, Cyprus (AP) — The speaker of Egypt's parliament appeared to push back Monday at Turkey's opposition to offshore drilling operations that Turkey isn't part of, saying cooperation between Egypt, Cyprus and Greece sent a message to any countries that tried to stop them. Egypt's Ali Abdel-Aal didn't...

China calls for peaceful dialogue on Venezuela crisis

Feb. 8, 2019 10:44 PM EST

BEIJING (AP) — China insists that peaceful dialogue and political means are the "only way" toward enduring peace in Venezuela, the Foreign Ministry said, adding that it backs multinational efforts to reach such an outcome. Ministry spokeswoman Hua Chunying's statement came in response to a question about a...

Oil workers flee Venezuela's crisis for a better life

Feb. 8, 2019 4:20 PM EST

PUNTO FIJO, Venezuela (AP) — Nieves Ribullen, a Venezuelan oil worker sick of struggling to get by as his country falls apart, is betting it all on Iraq's far-away Kurdish region to give his family a better life. Over the years he's watched dozens of co-workers abandon poverty wages and dangerous working...

Trump official touts oil and gas lease sales in New Mexico

Feb. 6, 2019 8:32 PM EST

HOBBS, N.M. (AP) — A top Trump administration official touted record sales for oil and gas leases under the U.S. Bureau of Land Management on Wednesday as he sought to promote energy development on public lands. In a statement, acting Interior Secretary David Bernhardt said the federal agency last year...

AP FACT CHECK: Trump's speech exaggerates border peril

Feb. 6, 2019 4:16 PM EST

WASHINGTON (AP) — President Donald Trump exaggerated perils at the border, flubbed food stamp numbers and the length of wars and told partial truths on drug prices in his State of the Union speech. Trump also celebrated a couple of workforce measures that have little to do with him and almost everything to...