Latest Oil and gas exploration and extraction News

Democratic presidential candidate former Vice President Joe Biden speaks during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn., with President Donald Trump. (AP Photo/Julio Cortez)

Biden calls for 'transition' from oil, GOP sees opening

Oct. 23, 2020 12:50 AM EDT

Democrat Joe Biden's remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states. “I would transition away from the oil industry, yes,"...

President Donald Trump and Democratic presidential candidate former Vice President Joe Biden walk on stage during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn. (AP Photo/Morry Gash, Pool)

The Latest: Biden clarifies debate answer on fossil fuels

Oct. 23, 2020 12:02 AM EDT

WASHINGTON (AP) — The Latest on the presidential campaign (all times local): Midnight Democrat Joe Biden says his pledge to gradually move the country away from fossil fuels to combat climate change doesn't mean he will impose bans that could effectively shut down the oil and gas industry. President Donald...

3.2-magnitude quake rattles area on Kansas-Oklahoma line

Oct. 22, 2020 10:26 PM EDT

PONCA CITY, Okla. (AP) — A magnitude 3.2 earthquake shook an area on the Kansas-Oklahoma line Thursday night, the U.S. Geological Survey reported. The tremor struck at 8:17 p.m. and was centered in a remote area 22 miles (35 kilometers) northwest of Ponca City, Oklahoma, at a depth of almost 5 miles (8...

North Dakota seeks to repurpose coronavirus aid for fracking

Oct. 22, 2020 8:31 AM EDT

BISMARCK, N.D. (AP) — North Dakota officials say they want to repurpose $16 million in federal coronavirus aid and spend it on grants to encourage fracking instead of using it to clean up abandoned oil well sites. Regulators have presented the proposal as a way to create jobs and help stabilize state...

President Donald Trump acknowledges his supporters after speaking at a campaign rally at Erie International Airport, in Erie, Pa, Tuesday, Oct. 20, 2020. (AP Photo/Gene J. Puskar)

Trump tends to his electoral map, Biden eyes Obama boost

Oct. 21, 2020 10:54 AM EDT

WASHINGTON (AP) — President Donald Trump is hopping from one must-win stop on the electoral map to the next in the leadup to a final presidential debate that may be his last, best chance to alter the trajectory of the 2020 campaign. As Democrat Joe Biden holes up for debate prep in advance of Thursday's...

President Donald Trump speaks during a campaign rally at Erie International Airport Tom Ridge Field in Erie, Pa, Tuesday, Oct. 20, 2020. (AP Photo/Gene J. Puskar)

In debate countdown, Trump holds rally, Biden does prep

Oct. 20, 2020 9:12 PM EDT

ERIE, Pa. (AP) — President Donald Trump pushed into arguably the most important state on the electoral map on Tuesday, opting for a rally in Pennsylvania instead of formal debate practice two days ahead of the final presidential debate that may be his last, best chance to alter the trajectory of the 2020...

215-gallon oil spill discovered at Delaware beach

Oct. 20, 2020 10:12 AM EDT

BROADKILL BEACH, Del. (AP) — An approximately 215-gallon oil spill has been discovered at a Delaware beach. The spill from an unknown source spanned three-quarters of a mile of upper Delaware Bay coastline, depositing much of the oil that came ashore in the sand at Broadkill Beach, the Department of...

FILE - This Feb. 9, 2016, file photo shows an ice-covered ConocoPhillips sign at a drilling site in Nuiqsut, Alaska. ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion. The companies said Monday, Oct. 19, 2020, that the combined business will be the largest independent oil and gas company, with pro forma production of more than 1.5 million barrels of oil equivalent per day.  (AP Photo/Mark Thiessen, File)

ConocoPhillips buying Concho in $9.7B all-stock deal

Oct. 19, 2020 4:24 PM EDT

NEW YORK (AP) — ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion, making it a major presence in the Permian Basin, the top-producing oil field in the U.S. The combined company, if approved, would be among the largest U.S. oil producers, with production of...

Turkey's Black Sea gas find reaches 405 billion cubic meters

Oct. 17, 2020 10:12 AM EDT

ISTANBUL (AP) — Turkey’s president has announced the discovery of an additional 85 billion cubic meters of natural gas reserves in the Black Sea. Speaking aboard the drill ship Fatih on Saturday, President Recep Tayyip Erdogan said explorations in the Tuna-1 well were complete after reaching a depth...

President Donald Trump talks with voters after an NBC News Town Hall, at Perez Art Museum Miami, Thursday, Oct. 15, 2020, in Miami. (AP Photo/Evan Vucci)

AP FACT CHECK: Trump sees what others do not in the pandemic

Oct. 17, 2020 8:34 AM EDT

WASHINGTON (AP) — “I believe we’re rounding the corner." “We’re a winner on the excess mortality.” “We have the vaccines coming and we have the therapies coming.” “We have done an amazing job.” President Donald Trump sees in the pandemic what...