Latest Oil and gas exploration and extraction News

Report: East Africa pipeline 'breaches banking principles'

Jul. 07, 2022 12:22 PM EDT

A controversial oil project that would connect oilfields in a Ugandan National Park to a port in Tanzania breaches global environmental guidelines for banks, according to a new nonprofit report Tuesday. The 897-mile (1443-kilometer) East Africa Crude Oil Pipeline (EACOP), planned by...

EU decision on natural gas could threaten climate progress

Jul. 07, 2022 12:21 PM EDT

The European Union's decision to include natural gas in a list of activities considered sustainable could derail its progress in reducing greenhouse gas emissions at a time when climate scientists are calling for dramatic reductions to planet-warming releases. The decision, reached...

Editorial Roundup: Pennsylvania

Jul. 06, 2022 18:46 PM EDT

LNP/Lancaster Online. July 3, 2022. Editorial: State House Speaker Bryan Cutler shows some courage in Jan. 6 hearing. Other Pennsylvania elected officials should take note. As we celebrate this Fourth of July weekend, it’s important to acknowledge that American...

Oklahoma revenue collections up 15% during last fiscal year

Jul. 06, 2022 11:38 AM EDT

OKLAHOMA CITY (AP) — Overall receipts to Oklahoma's treasury were up 15% during the fiscal year that ended June 30, fueled by record-high tax collections on oil and natural gas production, State Treasurer Randy McDaniel said Tuesday. Overall collections for the 2022 fiscal year...

Editorial Roundup: United States

Jul. 06, 2022 11:05 AM EDT

Excerpts from recent editorials in the United States and abroad: July 4 The Washington Post says that, after the abortion ruling, digital privacy is more important than ever In the 21st century, our phones might know we are pregnant before the people...

OPEC secretary-general dies, just weeks shy of departure

Jul. 06, 2022 06:36 AM EDT

ABUJA, Nigeria (AP) — The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities and the oil cartel announced Wednesday. Only hours before his death, he'd met with Nigeria's president and spoken in defense of the energy industry amid increasing...

US testing new fire retardant, critics push other methods

Jul. 02, 2022 12:32 PM EDT

BOISE, Idaho (AP) — U.S. officials are testing a new wildfire retardant after two decades of buying millions of gallons annually from one supplier, but watchdogs say the expensive strategy is overly fixated on aerial attacks at the expense of hiring more fire-line digging ground crews. ...

Biden offshore drilling proposal would allow up to 11 sales

Jul. 01, 2022 22:12 PM EDT

NEW ORLEANS (AP) — President Joe Biden's administration on Friday proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years — going against the Democrat's climate promises but scaling back a Trump-era plan that called for dozens of...

First oil sales on public land under Biden bring $22 million

Jun. 30, 2022 18:59 PM EDT

BILLINGS, Mont. (AP) — Energy companies bid more than $22 million to secure drilling rights on about 110 square miles (285 square kilometers) of public lands in the western U.S. on Thursday, during the first onshore oil and natural gas lease sales since President Joe Biden took office. ...

OPEC+ oil boost likely not much help to high gasoline prices

Jun. 30, 2022 10:22 AM EDT

NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy. The increase of 648,000...