Latest Oil and gas exploration and extraction News

OPEC secretary-general dies, just weeks shy of departure

Jul. 06, 2022 06:36 AM EDT

ABUJA, Nigeria (AP) — The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities and the oil cartel announced Wednesday. Only hours before his death, he'd met with Nigeria's president and spoken in defense of the energy industry amid increasing...

Report: East Africa pipeline 'breaches banking principles'

Jul. 05, 2022 02:12 AM EDT

A controversial oil project that would connect oilfields in a Ugandan National Park to a port in Tanzania breaches global environmental guidelines for banks, according to a new nonprofit report Tuesday. The 897-mile (1443-kilometer) East Africa Crude Oil Pipeline (EACOP), planned by...

US testing new fire retardant, critics push other methods

Jul. 02, 2022 12:32 PM EDT

BOISE, Idaho (AP) — U.S. officials are testing a new wildfire retardant after two decades of buying millions of gallons annually from one supplier, but watchdogs say the expensive strategy is overly fixated on aerial attacks at the expense of hiring more fire-line digging ground crews. ...

Biden offshore drilling proposal would allow up to 11 sales

Jul. 01, 2022 22:12 PM EDT

NEW ORLEANS (AP) — President Joe Biden's administration on Friday proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years — going against the Democrat's climate promises but scaling back a Trump-era plan that called for dozens of...

First oil sales on public land under Biden bring $22 million

Jun. 30, 2022 18:59 PM EDT

BILLINGS, Mont. (AP) — Energy companies bid more than $22 million to secure drilling rights on about 110 square miles (285 square kilometers) of public lands in the western U.S. on Thursday, during the first onshore oil and natural gas lease sales since President Joe Biden took office. ...

OPEC+ oil boost likely not much help to high gasoline prices

Jun. 30, 2022 10:22 AM EDT

NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy. The increase of 648,000...

Remains of 7 WWI soldiers given military burial in Flanders

Jun. 30, 2022 10:09 AM EDT

YPRES, Belgium (AP) — British and Canadian authorities have given seven soldiers killed more than a century ago in World War I a full military burial after their remains were discovered during a gas pipeline construction near Ypres, Belgium. The soldiers were found in two separate...

Biden administration holding its first onshore oil sales

Jun. 29, 2022 16:40 PM EDT

BILLINGS, Mont. (AP) — The U.S. government this week is holding its first onshore oil and natural gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration’s attempt to suspend such sales because of climate change worries. ...

Live updates | Spain's king hosts NATO leaders' gala dinner

Jun. 28, 2022 16:49 PM EDT

MADRID (AP) — The Latest on the G-7 summit, the annual meeting of the leading democratic economies, which this year is being held in the Bavarian Alps in Germany; and on the NATO summit in Madrid, where leaders begin gathering later Tuesday: ___ Russia’s war on...

G-7 leaders united behind Ukraine, aim at Kremlin oil money

Jun. 28, 2022 10:05 AM EDT

ELMAU, Germany (AP) — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia's income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes" as the war grinds...