Latest Oil and gas exploration and extraction News

New Mexico on pace to break oil production record

Nov. 14, 2019 12:28 AM EST

ALBUQUERQUE, N.M. (AP) — Federal forecasters say drilling in the United States is expected to drive global crude oil production through 2020. The U.S. Energy Information Administration offered some details on the forecast Wednesday. Industry officials are expecting New Mexico to close 2019 as a...

World thirst for oil keeps growing, with SUVs a key culprit

Nov. 13, 2019 7:08 AM EST

PARIS (AP) — The world's thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers' insatiable appetite for SUVs is a big reason why. Mounting demand for plastic is another factor. So is increasing plane travel. And the...

Wyoming panel passes update to drilling application process

Nov. 12, 2019 11:38 PM EST

CASPER, Wyo. (AP) — Wyoming's Oil and Gas Conservation Commission has voted to update its permit application process. The Casper Star-Tribune reported the vote Tuesday was in response to a historic influx of drilling requests in the state. Officials say the change provides an opportunity for new bidders to...

Lawsuit aims to kill stalled $2B methanol refinery project

Nov. 12, 2019 7:07 PM EST

SEATTLE (AP) — A federal lawsuit filed Tuesday aims to keep one of the world's biggest methanol refineries from being built along the Columbia River in Washington state. Plans for the $2 billion refinery, shipping terminal and pipeline project in the small city of Kalama are already stalled after a state...

AP Exclusive: FBI eyes how Pennsylvania approved pipeline

Nov. 12, 2019 3:31 PM EST

HARRISBURG, Pa. (AP) — The FBI has begun a corruption investigation into how Gov. Tom Wolf's administration came to issue permits for construction on a multibillion-dollar pipeline project to carry highly volatile natural gas liquids across Pennsylvania, The Associated Press has learned. FBI agents have...

Wyoming governor announces plan on future revenue shortfalls

Nov. 12, 2019 12:48 PM EST

CHEYENNE, Wyo. (AP) — Gov. Mark Gordon has announced a new initiative to study the economics behind Wyoming's reliance on coal, oil and natural gas production revenue. In a statement released Monday, Gordon says his initiative is a first-step in a process of understanding and tackling the state's sizable...

After boost from Perry, supporters got huge Ukraine gas deal

Nov. 12, 2019 7:43 AM EST

KYIV, Ukraine (AP) — Two political supporters of U.S. Energy Secretary Rick Perry secured a potentially lucrative oil and gas exploration deal from the Ukrainian government soon after Perry proposed one of the men as an adviser to the country's new president. Perry's efforts to influence Ukraine's energy...

Angered at EU, Turkey threatens to release IS prisoners

Nov. 12, 2019 5:15 AM EST

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Tuesday issued a veiled threat suggesting Turkey could release the Islamic State group prisoners it holds and send them to Europe, angered at a EU decision to impose sanctions on his country over its drilling for gas in Mediterranean waters...

After boost from Perry, backers got huge gas deal in Ukraine

Nov. 11, 2019 3:26 PM EST

KYIV, Ukraine (AP) — Two political supporters of U.S. Energy Secretary Rick Perry secured a potentially lucrative oil and gas exploration deal from the Ukrainian government soon after Perry proposed one of the men as an adviser to the country's new president. Perry's efforts to influence Ukraine's energy...

Sage grouse court order trims energy lease auction in Nevada

Nov. 11, 2019 2:51 PM EST

RENO, Nev. (AP) — U.S. land managers have withdrawn more than 500 square miles (1,295 sq. kilometers) of public land from a swath of eastern Nevada where oil and gas drilling leases are set to go to auction. The move came after a judge blocked a Trump administration attempt to curtail protection of habitat...