Latest Oil and gas industry News

President Joe Biden signs an executive order on climate change, in the State Dining Room of the White House, Wednesday, Jan. 27, 2021, in Washington. (AP Photo/Evan Vucci)

Biden: 'We can't wait any longer' to address climate crisis

Jan. 27, 2021 6:26 PM EST

WASHINGTON (AP) — In the most ambitious U.S. effort to stave off the worst of climate change, President Joe Biden signed executive orders Wednesday to transform the nation’s heavily fossil-fuel powered economy into a clean-burning one, pausing oil and gas leasing on federal land and targeting...

FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. Oil and gas development infused $2.8 billion into New Mexico coffers during the 2020 fiscal year and marked its second-highest total revenue ever reported despite a global price war and plummeting demand amid the coronavirus pandemic, according to a report released Monday, Dec. 21, 2020. (AP Photo/Charlie Riedel, File)

New Mexico senators, advocates back Biden oil and gas plans

Jan. 27, 2021 5:36 PM EST

ALBUQUERQUE, N.M. (AP) — Local officials and residents in New Mexico’s oil patches are anxious as the Biden administration takes aim at the oil and natural gas industry with a series of new executive orders. But the state’s two U.S. senators are supporting the actions, saying it’s time...

Residents propose Weld County leaves Colorado, joins Wyoming

Jan. 27, 2021 3:01 PM EST

DENVER (AP) — Residents have launched an effort to get a measure on the November ballot that would explore a Colorado county becoming part of Wyoming. A Colorado campaign finance disclosure website showed that Christopher Richards registered political committee Weld County Wyoming last February, KDVR-TV...

Mountain Valley Pipeline changes strategy on permits

Jan. 27, 2021 9:41 AM EST

ROANOKE, Va. (AP) — Mountain Valley Pipeline says it will abandon its plan to use a blanket permit to cross nearly 500 streams and wetlands. The Roanoke Times reported Tuesday that the pipeline project will instead apply for individual approvals for each open-cut crossing. That will make for a more...

In this undated photo released by Indonesian Maritime Security Agency (BAKAMLA), a BAKAMLA ship escorts Iranian-flagged tanker MT Horse, top right, as they sail towards Batam Island, Indonesia. Indonesian authorities detained the crews MT Horse and Panamanian-flagged MT Freya that were seized Sunday for illegally transferring oil in Indonesian waters, an official said Tuesday. (Indonesian Maritime Security Agency via AP)

China asks Indonesia to treat detained sailors fairly

Jan. 27, 2021 5:41 AM EST

BEIJING (AP) — China's government called on Indonesia on Wednesday to treat a group of detained Chinese sailors fairly but gave no indication what their oil tanker was doing when it was found at sea transferring fuel from an Iranian ship. The Iranian-flagged MT Horse and Panamanian-flagged MT Freya were...

Former Secretary of State John Kerry arrives for the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021. (AP Photo/Patrick Semansky, Pool)

Kerry aims to talk US back into a lead role in climate fight

Jan. 27, 2021 12:06 AM EST

From a wood-paneled library in his Boston mansion, new climate envoy John Kerry is talking the U.S. back into a leading role in global climate action, making clear the nation isn't just revving up its own efforts to reduce oil, gas and coal pollution but that it intends to push everyone in the world to do more,...

FILE - In this April 9, 2014, file photo, oil rigs stand in the Loco Hills field on U.S. Highway 82 in Eddy County near Artesia, N.M., one of the most active regions of the Permian Basin. President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change.  (AP Photo/Jeri Clausing, File)

AP sources: Biden to pause oil and gas sales on public lands

Jan. 26, 2021 11:02 PM EST

WASHINGTON (AP) — President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands and waters, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change. Two people with knowledge of...

In this undated photo released by Indonesian Maritime Security Agency (BAKAMLA), a BAKAMLA ship escorts Iranian-flagged tanker MT Horse, top right, as they sail towards Batam Island, Indonesia. Indonesian authorities detained the crews MT Horse and Panamanian-flagged MT Freya that were seized Sunday for illegally transferring oil in Indonesian waters, an official said Tuesday. (Indonesian Maritime Security Agency via AP)

Indonesia detains Iranian, Chinese crews of seized tankers

Jan. 26, 2021 7:43 PM EST

JAKARTA, Indonesia (AP) — Indonesian authorities have detained the Iranian and Chinese crewmembers of two tankers that were seized for illegally transferring oil in Indonesian waters, an official said Tuesday. “The Iranian-flagged MT Horse and Panamanian-flagged MT Freya are on the way to Batam...

Former Secretary of State John Kerry arrives for the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021. (AP Photo/Patrick Semansky, Pool)

Kerry aims to talk US back into a lead role in climate fight

Jan. 26, 2021 7:38 PM EST

From a wood-paneled library in his Boston mansion, new climate envoy John Kerry is talking the U.S. back into a leading role in global climate action, making clear the nation isn't just revving up its own efforts to reduce oil, gas and coal pollution but that it intends to push everyone in the world to do more,...

FILE - In this May 9, 2015, file photo, workers unload pipes in Worthing, S.D., for the Dakota Access oil pipeline that stretches from the Bakken oil fields in North Dakota to Illinois. A federal appeals court on Tuesday, Jan. 26, 2021, upheld the ruling of a district judge who ordered a full environmental impact review of the Dakota Access pipeline in North Dakota. Following a complaint by the Standing Rock Sioux Tribe, U.S. District Judge James Boasberg said in April 2020 that a more extensive review was necessary than the one already conducted by the U.S. Army Corps of Engineers.  (AP Photo/Nati Harnik, File)

Court upholds order for Dakota Access environmental review

Jan. 26, 2021 4:53 PM EST

FARGO, N.D. (AP) — A federal appeals court on Tuesday upheld a district judge's order for a full environmental impact review of the Dakota Access pipeline, but declined to shut the line down while the review is completed. Following a complaint by the Standing Rock Sioux Tribe, U.S. District Judge James...