Latest Oil and gas exploration and extraction News

New climate deal spurs hopes of more carbon storage projects

Aug. 15, 2022 19:13 PM EDT

GILLETTE, Wyo. (AP) — The rolling prairie lands of northeastern Wyoming have been a paradise of lush, knee-deep grass for sheep, cattle and pronghorn antelope this summer. But it’s a different green — greener energy — that geologist Fred McLaughlin seeks as he drills nearly...

Buffett's firm buys more Apple, Amazon while betting on oil

Aug. 15, 2022 19:01 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter...

Norway hits export record amid soaring gas prices

Aug. 15, 2022 15:23 PM EDT

STOCKHOLM (AP) — Norway's exports reached a record in July, driven mainly by natural gas prices that have soared since Russia's invasion of Ukraine. The Scandinavian country’s statistics agency on Monday said Norwegian exports reached 229 billion kroner ($24 billion) last month,...

Monkeypox? Climate? Deciding what's a national emergency

Aug. 13, 2022 09:12 AM EDT

WASHINGTON (AP) — In November 1979, a little over a week after student militants seized control of the U.S. Embassy in Tehran and took 52 American citizens hostage, President Jimmy Carter issued Executive Order 12170 declaring a national emergency against Iran. That order remains...

Senate climate bill has West Virginia written all over it

Aug. 12, 2022 13:08 PM EDT

CHARLESTON, W.Va. (AP) — The sprawling economic package passed by the U.S. Senate this week has a certain West Virginia flavor. The package, passed with no Republican votes, could be read largely as an effort to help West Virginia look to the future without turning away entirely...

Minnesota regulators cut $60m from storm response costs

Aug. 12, 2022 10:23 AM EDT

MINNEAPOLIS (AP) — Minnesota regulators have blocked the state’s natural gas providers from passing along $60 million in costs they incurred responding to a 2021 storm to ratepayers. The Minneapolis Star Tribune reported the Public Utilities Commission made the decision...

Explainer: Why gas prices are falling

Aug. 11, 2022 18:29 PM EDT

U.S. consumers are breathing a bit easier now that gasoline prices have come down from record levels, but pump prices are still high, and the two-month slide could be nearing an end. The nationwide average price for a gallon of gas dropped to $3.99 on Thursday, according to AAA....

Gas prices dip just below $4 for the first time in 5 months

Aug. 11, 2022 18:26 PM EDT

DALLAS (AP) — Gasoline prices have dipped under $4 for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the national average for a gallon of regular was $3.99 on Thursday, down from the...

African wildlife parks face climate, infrastructure threats

Aug. 11, 2022 09:43 AM EDT

MOMBASA, Kenya (AP) — Africa's national parks, home to thousands of wildlife species such as lions, elephants and buffaloes, are increasingly threatened by below-average rainfall and new infrastructure projects. A prolonged drought in much of the continent's east, exacerbated by...

Landowners seek $275K after ND law found not constitutional

Aug. 09, 2022 15:23 PM EDT

BISMARCK, N.D. (AP) — A landowners group will seek more than $275,000 in lawyers’ fees and other costs after North Dakota’s Supreme Court found a state law pushed by the energy industry amounted to the unconstitutional taking of private property rights. In a ruling last week,...