Latest Oil and gas exploration and extraction News

Trump to headline gas industry gathering in Pennsylvania

Oct. 16, 2019 12:18 PM EDT

HARRISBURG, Pa. (AP) — Natural gas industry groups say President Donald Trump will give keynote remarks at their annual conference in the battleground state of Pennsylvania next week. Trump's appearance next Wednesday at Pittsburgh's Shale Insight conference comes as hydraulic fracturing is emerging as an...

After ending protests, Ecuador faces dire economic outlook

Oct. 15, 2019 6:17 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno survived the toughest political crisis of his presidency by negotiating an end to indigenous anti-austerity protests. Now he faces an even tougher challenge. Ten years of populist rule and a drop in oil prices have left Ecuador with a $64 billion public...

Pakistan's premier leaves for Saudi Arabia amid Gulf tension

Oct. 15, 2019 8:28 AM EDT

ISLAMABAD (AP) — Pakistan's prime minister left for Saudi Arabia on Tuesday amid his efforts to ease tensions between Riyadh and Iran after a recent attack on the kingdom's oil industry, a government statement said. Imran Khan was expected to reach Riyadh later in the day. Saudi Arabia is a major supporter...

Ecuador crisis weakens president, strengthens indigenous

Oct. 14, 2019 9:41 PM EDT

QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a mass cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. President Lenín Moreno signed a...

Venezuela boosts worker pay again amid hyperinflation

Oct. 14, 2019 6:13 PM EDT

CARACAS, Venezuela (AP) — Venezuela announced a dramatic hike to the minimum wage Monday in a move that critics expect will do little to alleviate widespread suffering in the crisis-torn country. The monthly package of pay and bonuses workers will soon bring home equals roughly $15 monthly, socialist party...

EU nations commit to arms export ban against Turkey

Oct. 14, 2019 1:59 PM EDT

LUXEMBOURG (AP) — European Union nations vented outrage Monday at Turkey's military offensive in northern Syria against the Kurds and joined France and Germany in banning arms sales to Ankara, a rare move against a NATO ally for many of them. Many EU foreign ministers were looking beyond a strong statement...

Burgum administration renews push for petrochemical plant

Oct. 14, 2019 1:01 AM EDT

BISMARCK, N.D. (AP) — Gov. Doug Burgum and his administration are wooing the petrochemical industry to build a multibillion-dollar plant to convert natural gas liquids into plastic or other products, bringing value to the commodity that otherwise is being piped elsewhere or burned off as a byproduct of the...

Ecuador indigenous, president strike deal to end protests

Oct. 13, 2019 11:14 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno and leaders of Ecuador's indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.  Under the agreement announced just before 10...

California governor signs bill limiting oil, gas development

Oct. 13, 2019 12:31 AM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom on Saturday signed a law intended to counter Trump administration plans to increase oil and gas production on protected public land. The measure bars any California leasing authority from allowing pipelines or other oil and gas infrastructure to be...

France joins Cyprus for naval maneuvers amid gas dispute

Oct. 12, 2019 2:34 PM EDT

NICOSIA, Cyprus (AP) — France and Cyprus are conducting naval maneuvers off Cyprus as the east Mediterranean island nation is embroiled in a tense dispute with Turkey over offshore gas drilling. Two French frigates heading to Syria plan to take part in "routine" exercises in Cypriot waters this weekend, a...