Latest Oil and gas exploration and extraction News

Global shares slip as Iran tensions loom

Sep. 23, 2019 4:08 AM EDT

BANGKOK (AP) — World shares were mostly lower Monday as investors kept a wary eye on tensions with Iran and on prospects for a resolution of the tariffs war between China and the U.S. Germany's DAX dropped 0.7% to 12,376.50 while the CAC 40 in Paris lost 0.5% to 5,662.00. Britain's FTSE 100 gave up 0.3% to...

Regulators want bonding increased for oil, gas drillers

Sep. 22, 2019 11:30 AM EDT

RAPID CITY, S.D. (AP) — South Dakota regulators will ask the Legislature to require bigger financial guarantees for oil and gas wells in response to a failed 40-well natural gas project in the northwest part of the state. State minerals and mining administrator Mike Lees says the the department will ask...

The Latest: Yemen rebels halting attacks on Saudi Arabia

Sep. 20, 2019 2:51 PM EDT

BUQAYQ, Saudi Arabia (AP) — The Latest on tensions in the Persian Gulf (all times local): 9:30 p.m. Yemen's Houthi rebels say they are halting all drone and ballistic missile attacks on Saudi Arabia and are waiting for a "positive response." The Iran-backed Houthis have claimed recent attacks on key Saudi...

Hezbollah tells Saudi Arabia to stop Yemen war

Sep. 20, 2019 1:30 PM EDT

BEIRUT (AP) — The leader of the Lebanese militant group Hezbollah on Friday called for Saudi Arabia to stop its war in Yemen, or else face more attacks on its soil. In a televised speech, Hassan Nasrallah warned Saudi Arabia and the United Arab Emirates not to incite war "because your houses are made of...

Major oil company plans 7 wells in Alaska petroleum reserve

Sep. 20, 2019 12:43 PM EDT

ANCHORAGE, Alaska (AP) — A major oil company will drill seven new exploratory wells in the National Petroleum Reserve-Alaska. ConocoPhillips is planning the work for this winter, the Alaska Journal of Commerce reported . The wells will be focused on the prospective Harpoon area southwest of the company's...

US says attack on Saudi oil site was an Iranian 'act of war'

Sep. 19, 2019 12:45 AM EDT

RIYADH, Saudi Arabia (AP) — U.S. Secretary of State Mike Pompeo on Wednesday called the attack on Saudi Arabia's oil installations an "act of war" against the kingdom by Iran, as the Saudis displayed missile and drone wreckage and cited other evidence they said shows the raid was "unquestionably sponsored...

Report: Cleanup of abandoned oil, gas wells could cost US

Sep. 18, 2019 7:49 PM EDT

BILLINGS, Mont. (AP) — U.S. taxpayers could face potentially hundreds of millions of dollars in cleanup costs from abandoned oil and gas wells on public lands, a government watchdog agency said Wednesday. The Government Accountability Office said in a report that it identified almost 2,300 wells that have...

New Mexico weighs tuition-free college for local students

Sep. 18, 2019 6:42 PM EDT

SANTA FE, N.M. (AP) — New Mexico would eliminate tuition and fees for in-state undergraduate and community college students of all ages under a proposal Wednesday from Democratic Gov. Michelle Lujan Grisham that requires legislative approval. The "opportunity scholarship" would tap the state general fund...

A divided Fed reduces rates but may not cut again this year

Sep. 18, 2019 6:24 PM EDT

WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by...

Editorials from around New York

Sep. 18, 2019 5:52 PM EDT

Recent editorials of statewide and national interest from New York's newspapers: At war with himself: Trump dare not back the U.S. into a new Mideast war New York Daily News Sept. 18 In 2016, then-candidate Donald Trump told voters weary of U.S. engagement in Iraq, Afghanistan and elsewhere he would take great...