Latest Oil and gas exploration and extraction News

Oil spill smears coast in Venezuelan tourist hotspot

Dec. 06, 2022 13:12 PM EST

CARACAS, Venezuela (AP) — An oil spill has polluted more than 2.5 miles (4 kilometers) of coastline at the city of Lechería, one of Venezuela's top tourist destinations, the city's mayor said Tuesday. Mayor Manuel Ferreira called it a “catastrophic scene.” ...

Russia claims Kyiv hit its air bases, fires more missiles

Dec. 05, 2022 18:32 PM EST

KYIV, Ukraine (AP) — Ukrainian drones struck two air bases deep inside Russian territory, the Kremlin said Monday, shortly before Russian forces unleashed a massive missile barrage in Ukraine that struck homes and buildings and killed civilians. The unprecedented attack in Russia...

Russian oil price cap, EU ban aim to limit Kremlin war chest

Dec. 05, 2022 13:43 PM EST

FRANKFURT, Germany (AP) — Major Western measures to limit Russia's oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better...

No OPEC+ oil shakeup as Russian price cap stirs uncertainty

Dec. 04, 2022 10:33 AM EST

FRANKFURT, Germany (AP) — The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market. ...

OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil

Dec. 04, 2022 07:49 AM EST
VIENNA (AP) — OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil.

Los Angeles City Council votes to ban oil and gas drilling

Dec. 03, 2022 18:40 PM EST

__ The Los Angeles City Council voted unanimously on Friday to ban drilling of new oil and gas wells and phase out existing ones over the next 20 years. The vote comes after more than a decade of complaints from city residents that pollution drifting from wells was...

Gas prices drop again in NJ, around nation as oil cost drops

Dec. 03, 2022 13:55 PM EST

TRENTON, N.J. (AP) — Gas prices dropped again in New Jersey and around the country as the cost of oil edged lower amid fears of economic slowdowns around the globe. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.63, down 12 cents...

19 injured in ethane explosion in southern Mexico

Nov. 30, 2022 11:42 AM EST

MEXICO CITY (AP) — Authorities in the Mexican Gulf coast state of Veracruz said 19 people were injured where a pipeline carrying ethane gas exploded. The Veracruz state civil defense office said most of the people injured in the explosion Tuesday in the town of Agua Dulce suffered...

Gas driller pleads no contest to polluting town's water

Nov. 29, 2022 19:39 PM EST

MONTROSE, Pa. (AP) — Pennsylvania’s most active gas driller pleaded no contest Tuesday to criminal charges, capping a landmark environmental case against a company that prosecutors say polluted a rural community's drinking water 14 years ago and then tried to evade responsibility. ...

Energy-rich Qatar faces fast-rising climate risks at home

Nov. 26, 2022 06:45 AM EST

AL RAYYAN, Qatar (AP) — At a suburban park near Doha, the capital city of Qatar, cool air from vents in the ground blasted joggers on a November day that reached almost 32 degrees Celsius (90 degrees Fahrenheit). The small park with air-conditioned paths is an apt illustration of...