Latest Oil and gas exploration and extraction News

Turkey's President Recep Tayyip Erdogan, front center, takes part in Friday prayers in Hagia Sophia, at the historic Sultanahmet district of Istanbul, Friday, Aug. 7, 2020. Erdogan joined worshipers on July 24 for the first Muslim prayers in 86 years inside the Istanbul landmark that served as one of Christendom's most significant cathedrals, a mosque and a museum before its conversion back into a Muslim place of worship.(Turkish Presidency via AP, Pool)

Turkish president slams Egypt-Greece deal, drilling resumes

Aug. 7, 2020 11:47 AM EDT

ISTANBUL (AP) — Turkey’s president called a maritime deal between Greece and Egypt “worthless” Friday and said his country would resume its disputed oil and gas exploration in the Eastern Mediterranean. Egypt and Greece signed a maritime deal Thursday that sets the sea boundary between...

Alaska produced more July oil than it had since 2013

Aug. 6, 2020 1:38 PM EDT

ANCHORAGE, Alaska (AP) — The Alaska North Slope region produced more oil in July than it had since 2013. The area's final production averaged 477,896 barrels per day in July, the highest monthly figure since 497,300 barrels were pumped daily in July 2013, the Alaska Journal of Commerce reported ...

Egypt, Greece sign maritime deal to counter Libya-Turkey one

Aug. 6, 2020 12:30 PM EDT

CAIRO (AP) — Egypt and Greece on Thursday signed a maritime deal that sets the sea boundary between the two countries and demarcates an exclusive economic zone for oil and gas drilling rights. The deal is a response to a similar agreement between Turkey and Libya’s Tripoli-based government last...

FILE - In this July 26, 2020, file photo, federal officers launch tear gas at demonstrators during a Black Lives Matter protest at the Mark O. Hatfield U.S. Courthouse in Portland, Ore. The Associated Press found that there is no government oversight of the manufacture and use of tear gas. Instead, the industry is left to regulate itself. (AP Photo/Marcio Jose Sanchez, File)

Lack of study and oversight raises concerns about tear gas

Aug. 6, 2020 11:41 AM EDT

SALEM, Ore. (AP) — On June 2, Justin LaFrancois attended a protest against police violence and racism in downtown Charlotte, North Carolina, where he planned to livestream the event for his alternative newspaper’s website. Shortly into the march, police, who reported that water bottles and rocks...

Los Angeles company charged over deteriorating oil wells

Aug. 5, 2020 3:41 PM EDT

LOS ANGELES (AP) — An oil and gas exploration company in Los Angeles has been charged with more than two dozen criminal counts after allegedly flouting a state order and failing to properly abandon its oil wells. Los Angeles City Attorney Mike Feuer said Tuesday that Allenco Energy will not be allowed to...

FILE - In this Nov. 4, 2019, file photo, Republican U.S. House hopeful Yvette Herrell of New Mexico waits for a news conference in Albuquerque, N.M., about a GOP challenge to the way the state is counting absentee ballots. Three Republican hopefuls seeking to challenge Democratic U.S. Rep. Xochitl Torres Small for a key southern New Mexico seat. (AP Photo/Russell Contreras, File)

Ex-New Mexico Democratic congressman backs GOP candidate

Aug. 4, 2020 7:51 PM EDT

RIO RANCHO, N.M. (AP) — A Republican seeking to unseat Democratic U.S. Rep. Xochitl Torres Small in a crucial House seat in New Mexico picked up an endorsement Tuesday from a former Democratic congressman. Former U.S. Rep. Harry Teague, who once held Torres Small’s seat, said in a statement that he...

BP to cut dividends as it prepares for fossil fuel decline

Aug. 4, 2020 6:13 AM EDT

LONDON (AP) — BP plc said Tuesday it plans to slash dividends as the global oil company prepares for declining sales of fossil fuels by boosting investment in alternative energy projects. London-based BP said it will increase spending on low-carbon technology, including renewable energy projects, 10-fold...

FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange.  Exxon lost $1.1 billion in the second quarter, Friday, July 31, 2020, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world.  (AP Photo/Richard Drew, File)

Oil giants lost billions as pandemic crushed demand for fuel

Jul. 31, 2020 3:47 PM EDT

NEW YORK (AP) — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving,...

3 accused of taking bribes for North Dakota reservation work

Jul. 31, 2020 3:10 PM EDT

BISMARCK, N.D. (AP) — Three members of a tribe on the oil-rich Fort Berthold Indian Reservation in North Dakota are accused of accepting hundreds of thousands of dollars in bribes and kickbacks from a construction contractor. Court documents unsealed Thursday show Randall Phelan, 55, of Mandaree, Delvin...

FILE - In this file photo from March 12, 2020, work continues at a shale gas well drilling site in St. Mary's, Pa. (AP Photo/Keith Srakocic, File)

AP FACT CHECK: Trump distorts Biden's position on fracking

Jul. 31, 2020 1:14 PM EDT

OKLAHOMA CITY (AP) — President Donald Trump is routinely distorting Democratic rival Joe Biden's policy on fracking as he tries to transform it into a full-scale “disaster” for election battlegrounds. Trump's latest iteration of his falsehood: TRUMP: “Biden came out against fracking....