Oil and gas exploration and extraction

May 04, 2020 - 1:09 pm
ATHENS, Greece (AP) — Environmental groups in Greece are urging the public to join a campaign against plans by the center-right government to overhaul offshore oil and gas exploration rules, which authorities argue will help the country end its dependence on coal. The proposed changes are due to be...
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This Sunday, April 26, 2020, photo shows gas prices displayed at a gas station in Hattiesburg, Miss. With a barrel of crude oil costing less than a New York pizza, many U.S. shale producers are being pushed to the brink of bankruptcy and experts are wondering when, and if, the oil industry will recover. The price of benchmark U.S. crude oil closed at $12.34 a barrel Tuesday, April 28. At the start of the year, the price was around $60. (AP Photo/Rogelio V. Solis)
April 29, 2020 - 10:18 am
NEW YORK (AP) — With a barrel of crude oil costing less than a New York pizza, many U.S. shale producers are being pushed to the brink of bankruptcy and experts are wondering when, and if, the oil industry will recover. The price of benchmark U.S. crude oil closed at $12.34 a barrel Tuesday. At the...
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FILE - In this May 19, 2018 file photo, Venezuela's President Nicolas Maduro, right, and Vice President Tareck El Aissami tour La Rinconada baseball stadium that is under construction on the outskirts of Caracas, Venezuela. On Thursday, March 26, 2020, the U.S. Justice Department made public it has charged in several indictments against Maduro and his inner circle, including El Aissami, that the leader has effectively converted Venezuela into a criminal enterprise at the service of drug traffickers and terrorist groups as he and his allies stole billions from the South American country. (AP Photo/Ricardo Mazalan, File)
April 27, 2020 - 5:11 pm
CARACAS, Venezuela (AP) — President Nicolás Maduro on Monday named a powerful ally sanctioned by the U.S. as a drug kingpin, along with a cousin of the late socialist leader Hugo Chávez, to revamp Venezuela's oil industry amid massive gasoline shortages. Tareck El Aissami was appointed oil minister...
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April 27, 2020 - 1:44 am
BANGKOK (AP) — Contract driller Diamond Offshore has filed for bankruptcy with debts of $2.6 billion, as the energy industry is hammered by crashing oil prices. Court documents seen Monday show Houston-based Diamond Offshore Drilling Inc. filed the petition in Houston on Sunday, citing the downturn...
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A man wearing a face mask to protect against the spread of the new coronavirus takes a photo of blossoms at a public park in Beijing, Saturday, April 25, 2020. China on Saturday reported no new deaths from the coronavirus for the 10th straight day. (AP Photo/Mark Schiefelbein)
April 25, 2020 - 9:43 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Hawaii's stay-at-home order extended to May 31 —...
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FILE - In this photo taken Monday, March 16, 2020, tugboats push a 300,000-ton very large crude carrier (VLCC) to a shipyard on the Yangtze River for retrofit in Qidong city in east China's Jiangsu province China. China, the world’s biggest energy consumer, is taking advantage of a plunge in global oil prices due to the coronavirus outbreak to build up its stockpiles of crude. Imports rose 4.5% in March over a year earlier even as the world’s second-largest economy shut down to fight the virus and demand collapsed. (Chinatopix Via AP, File)
April 22, 2020 - 11:22 pm
BEIJING (AP) — China, the world’s biggest energy consumer, is building up stockpiles of crude oil as global prices plunge due to the coronavirus outbreak. Imports rose 4.5% in March over a year earlier even as the world’s second-largest economy shut down to fight the virus and demand collapsed. For...
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FILE - In this March 12, 2020, file photo, Venezuelan President Nicolas Maduro speaks at a press conference at the Miraflores Presidential Palace in Caracas, Venezuela. The Trump administration will announce Thursday, March 26, 2020, indictments against Maduro and members of his inner circle for effectively converting Venezuela's state into a criminal enterprise at the service of drug traffickers and terrorist groups, according to multiple people familiar with the situation. (AP Photo/Matias Delacroix, File)
April 21, 2020 - 10:34 pm
CARACAS, Venezuela (AP) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling or exporting, as the U.S. increases pressure on President Nicolás Maduro to give up power...
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Petroleum storage tanks at the BP Indiana Tank Field are seen behind a security gate Tuesday, April 21, 2020, in Whiting, Ind. The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month.(AP Photo/Charles Rex Arbogast)
AP Newsroom
April 21, 2020 - 4:58 pm
NEW YORK (AP) — A barrel of oil now costs less than a cheap bottle of wine. U.S. benchmark crude was trading as low as $6.50 a barrel Tuesday, more than 80% lower than the start of the year. The dizzying drop reflected stark suffering in the global economy that has left vastly diminished demand for...
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People wearing face masks walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, April 20, 2020. Shares were mixed in Asia on Monday, while oil prices have fallen back. (AP Photo/Vincent Yu)
April 20, 2020 - 2:03 pm
NEW YORK (AP) — Stocks are slipping in afternoon trading on Wall Street, as the price of oil cratered to historic lows Monday, cheaper than bottled water. The S&P 500 was down 0.8%, as of 1:30 p.m. Eastern time, after wavering between sharper and milder losses. But the market’s most dramatic...
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FILE - In this June 26, 2010 file photo, Plaquemines Parish Coastal Zone Director P.J. Hahn rescues a heavily oiled bird from the waters of Barataria Bay, La., which are laden with oil from the Deepwater Horizon oil spill. Ten years after the nation's biggest offshore oil spill fouled its waters, the Gulf of Mexico sparkles in the sunlight and its fish are safe to eat. But scientists who have spent $500 million dollars from BP researching the impact of the Deepwater Horizon disaster have found much to be concerned about. (AP Photo/Gerald Herbert, File)
April 20, 2020 - 1:20 am
NEW ORLEANS (AP) — Ten years after a well blew wild under a BP platform in the Gulf of Mexico, killing 11 men and touching off the nation’s worst offshore oil spill, gulf waters sparkle in the sunlight, its fish are safe to eat, and thick, black oil no longer visibly stains the beaches and...
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