Latest Oil and gas exploration and extraction News

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 (AP) — U.S. land managers have withdrawn more than 500 square miles (1,295 sq.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...

EU unveils sanctions plan to hit Turkey over Cyprus drilling

Nov. 11, 2019 2:28 PM EST

BRUSSELS (AP) — The European Union on Monday unveiled a system for imposing sanctions on Turkey over its unauthorized gas drilling in Mediterranean waters off Cyprus but no Turkish companies or officials have yet been targeted. EU foreign ministers adopted a mechanism making it possible "to sanction...

North Dakota getting public input on oilfield emissions

Nov. 11, 2019 1:35 PM EST

BISMARCK, N.D. (AP) — North Dakota environmental regulators want public input as they prepare to take greater control of emissions from oilfield facilities. The Department of Environmental Quality has scheduled a hearing Tuesday in Bismarck, the Bismarck Tribune reported. The Legislature this year approved...

Sage grouse court order trims energy lease auction in Nevada

Nov. 11, 2019 10:19 AM EST

RENO, Nev. (AP) — Federal land managers have withdrawn more than 500 square miles (1,295 sq.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 go to auction this week after a judge blocked the Trump administration's attempt to ease protection of sage grouse...

Sage grouse court order trims energy lease auction in Nevada

Nov. 11, 2019 10:16 AM EST

RENO, Nev. (AP) — Federal 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 go to auction this week after a judge blocked the Trump administration's attempt to ease protection of sage grouse...

Oil company seeks to keep records closed in Alaska buyout

Nov. 11, 2019 9:20 AM EST

ANCHORAGE, Alaska (AP) — Some Alaskans are calling for greater financial transparency from Hilcorp Energy Co., the company seeking to buy BP's North Slope assets, officials said. Hilcorp asked the Regulatory Commission of Alaska to allow recent years of financial records to remain confidential, The...

Iran discovers new oil field with over 50 billion barrels

Nov. 10, 2019 2:54 PM EST

TEHRAN, Iran (AP) — Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country's proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions. The announcement by Hassan Rouhani...

Saudi Aramco takes another step toward 1st public offering

Nov. 10, 2019 4:51 AM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil giant Aramco released a lengthy document late Saturday that lays the ground for investors to buy into the world's most profitable company, but it remains unknown how much is on offer. In its preliminary prospectus, Aramco revealed that it...