Latest Oil and gas exploration and extraction News

Colorado won't halt drilling as it refocuses rules on safety

May. 21, 2019 7:16 PM EDT

DENVER (AP) — Colorado officials said Tuesday that they had no plans to stop energy companies from drilling for oil and gas while regulators overhaul state rules to make health, safety and the environment their top priority. Dan Gibbs, chief of the state Department of Natural Resources, said lawmakers did...

The Latest: Lawmakers: No moratorium in Colorado oil-gas law

May. 21, 2019 6:37 PM EDT

DENVER (AP) — The Latest on Colorado's new oil and gas regulations (all times local): 4:35 p.m. Democratic lawmakers say a new law that refocuses Colorado oil and gas rules on safety was not meant to be a moratorium on drilling, endorsing the position of regulators who plan to keep issuing drilling permits...

Governor hikes shuttered trail to pitch $4.5B projects plan

May. 21, 2019 5:27 PM EDT

JIM THORPE, Pa. (AP) — One of Pennsylvania's most beloved and scenic hiking trails will remain closed to the public unless lawmakers pass Gov. Tom Wolf's $4.5 billion infrastructure plan, officials said Tuesday. The Democratic governor hiked to the base of the Glen Onoko Falls Trail to make the case for a...

Minister: Gas drilling at 8 sites off Cyprus over 24 months

May. 21, 2019 4:08 PM EDT

LIMASSOL, Cyprus (AP) — Cyprus' energy minister says energy companies will drill in search of natural gas in waters off the east Mediterranean island nation's southern coast at eight separate sites over the next two years. Georgios Lakkotrypis said Tuesday that exploratory drilling would take place at six...

Kansas law offers protections to some users of CBD oil

May. 21, 2019 2:55 PM EDT

TOPEKA, Kan. (AP) — Kansas Gov. Laura Kelly has signed into law a bill that would allow profoundly ill people who have been unable to find relief with pharmaceutical medications to avoid prosecution for possessing certain blends of oil extracted from cannabis plants. The protected cannabidiol oils, also...

Work underway on British tanker sunk by U-boat off NY in WW2

May. 20, 2019 3:38 PM EDT

SOUTHAMPTON, N.Y. (AP) — Work is underway to extract oil from a British tanker sunk by a German U-boat off Long Island during World War II. A team has been at the site of the tanker, named Coimbra, since April 29 and has pumped more than 62,000 gallons (235,000 liters) of oil since May 11, the Coast Guard...

Rhode Island gas process stabilize at $2.86 per gallon

May. 20, 2019 2:43 PM EDT

PROVIDENCE, R.I. (AP) — Rhode Island gas prices are leveling off after weeks of increases. AAA Northeast reports Monday that the average cost of a gallon of self-serve, regular in Rhode Island is $2.86, the same as last week. That price is a penny higher than the national average but 9 cents lower than the...

Pakistan ends offshore drilling after no gas, oil were found

May. 20, 2019 9:12 AM EDT

ISLAMABAD (AP) — Pakistan's ministry of petroleum says authorities are ending offshore drilling off the Karachi coast in the Arabian Sea after no reservoirs of oil or gas were found. The news was a setback for Pakistan, which had placed high hopes in the project discovering enough oil for its needs. The...

Saudis say they will defend themselves, as Trump warns Iran

May. 19, 2019 9:56 PM EDT

DUBAI, United Arab Emirates (AP) — Saudi Arabia does not want war but will not hesitate to defend itself against Iran, a top Saudi diplomat said Sunday after the kingdom's energy sector was targeted this past week amid heightened tensions in the Persian Gulf. U.S. President Donald Trump, meanwhile, warned...

UAE energy minister hints at support for oil production cuts

May. 19, 2019 4:35 PM EDT

JIDDAH, Saudi Arabia (AP) — The United Arab Emirates' energy minister said Sunday he does not think oil producing nations should relax the production cuts currently in place. Suhail al-Mazrouei spoke to reporters on the sidelines of a meeting in Saudi Arabia of the world's major oil producers. His comments...