Latest Oil and gas exploration and extraction News

Pence steps up pressure for trade deal with Mexico, Canada

Aug. 21, 2019 8:03 PM EDT

SANTA FE, N.M. (AP) — Vice President Mike Pence stepped up pressure on Congress to support the Trump administration's new trade deal with Mexico and Canada, taking his pitch Wednesday to a congressional swing district in New Mexico. Speaking to a crowd at an oilfield services company in the Permian basin...

Yemen rebel drone attack targets remote Saudi oil field

Aug. 17, 2019 1:05 PM EDT

DUBAI, United Arab Emirates (AP) — Drones launched by Yemen's Houthi rebels attacked a massive oil and gas field deep inside Saudi Arabia's sprawling desert on Saturday, causing what the kingdom described as a "limited fire" in the second such recent attack on its crucial energy industry. The attack on the...

Judge bars Trump from taking energy panel's advice

Aug. 13, 2019 10:49 PM EDT

BILLINGS, Mont. (AP) — A judge barred the Trump administration on Tuesday from acting on the recommendations of an energy advisory panel that was created to make it easier to extract fossil fuels from public lands and waters. U.S. District Judge Donald Molloy sided with a Montana-based conservation group...

Trump claims credit for Shell plant announced under Obama

Aug. 13, 2019 6:49 PM EDT

MONACA, Pa. (AP) — President Donald Trump sought to take credit Tuesday for a major manufacturing complex in western Pennsylvania in his latest effort to reinvigorate the Rust Belt support that sent him to the White House. He was cheered on by fluorescent-vest-clad workers who were paid to attend by Shell,...

Recent developments surrounding the South China Sea

Aug. 12, 2019 12:54 AM EDT

BEIJING (AP) — A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple disputes over islands, coral reefs and lagoons. The waters are a major shipping route for global commerce and rich in fish and possible oil and gas reserves. ___ EDITOR'S NOTE:...

Average US price of gas down 6 cents per gallon to $2.74

Aug. 11, 2019 1:17 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has dropped 6 cents per gallon (3.8 liters) over the past two weeks to $2.74. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that increased refinery production and lower crude oil costs contributed to the...

Cyprus' rival leaders ready to meet UN chief next month

Aug. 9, 2019 11:03 AM EDT

NICOSIA, Cyprus (AP) — The leaders of the ethnically divided east Mediterranean island of Cyprus are ready to meet with the U.N. secretary-general next month to map out possible next steps toward a resumption of formal reunification talks, officials said Friday. U.N. spokesman Aleem Siddique said in a...

Second Turkish ship begins gas drilling off Cyprus

Aug. 7, 2019 9:12 AM EDT

ANKARA, Turkey (AP) — Turkey's state-run news agency says a second Turkish ship has started drilling for gas off ethnically divided Cyprus, in an area where the Cypriot government says it has exclusive economic rights. Anadolu Agency quoted Turkey's Energy Minister Fatih Donmez as saying Wednesday that the...

Thai health ministry receives cannabis oil for medical use

Aug. 7, 2019 3:49 AM EDT

BANGKOK (AP) — Thailand's health ministry received its first batch of legal medical marijuana Wednesday to be distributed in state-run hospitals. Public Health Minister Anutin Chanvirakul presided over the ceremonial handing over of 4,500 5 milliliter bottles of extracted cannabis oil from the Government...

Bolton warns foreigners that violate Venezuela asset freeze

Aug. 6, 2019 5:39 PM EDT

CARACAS, Venezuela (AP) — U.S. National Security Adviser John Bolton pressed his case Tuesday for sweeping action against Venezuela's President Nicolás Maduro, warning foreign governments and companies that they could face retaliation in the U.S. if they continue to do business with his socialist...