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oil and gas

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Dec 05

Maduro orders the ‘immediate’ exploitation of oil, gas and mines in Guyana’s Essequibo region

By Associated Press

The announcement came a day a day after Maduro got the victory he sought in a weekend referendum on whether to claim sovereignty over the region.

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Dec 02

Oil companies pledge at COP28 to slash methane pollution, but critics call it a ‘smokescreen’

By Jon Gambrell, Peter Prengaman, Seth Borenstein, Associated Press

Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030, the president of this year's United Nations climate talks said Saturday.

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Dec 02

Watch 7:47
What to know about the COP28 deal and new U.S. rules to cut methane emissions

By John Yang, Murrey Jacobson, Lorna Baldwin, Andrew Corkery

At COP28 on Saturday, 50 oil and gas companies — including industry giants ExxonMobil, Shell and BP — pledged to reduce methane emissions to “near zero” by 2030. At the same time, the Biden administration announced new rules to enforce…

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Nov 29

COP28 leader denies report alleging UAE wanted to seek oil deals in summit

By Jon Gambrell, Malak Harb, Associated Press

The Emirati president-designate for the upcoming United Nations COP28 climate talks has forcefully denied a report alleging his nation planned to use the summit to strike oil and gas deals, a day before the summit was due to begin.

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Nov 23

New report says oil and gas sector must slash planet-warming operations to avoid climate disaster

By Sibi Arasu, Associated Press

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extremes fueled by human-caused climate change. That's according to a report released Thursday.

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Nov 02

Sale of federal oil and gas leases in Gulf of Mexico on hold pending hearings on whale protections

By Kevin McGill, Associated Press

Bidding on the leases had been set for next Wednesday. President Joe Biden's administration announced the sale earlier this year. But it was scaled back by millions of acres as part of an agreement to protect the endangered Rice's whale.

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Oct 23

Chevron buys Hess in 2nd recent major fossil fuel industry buyout

By Michelle Chapman, Associated Press

The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion. Crude prices are up 9% this year and have been hovering around $90 per barrel for about…

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Oct 19

Federal regulators approve natural gas pipeline expansion in the Pacific Northwest

By Claire Rush, Associated Press/Report for America

The Federal Energy Regulatory Commission on Thursday approved the expansion of a natural gas pipeline in the Pacific Northwest over the protest of environmental groups and top officials in West Coast states, who said it goes against the region’s plans to address…

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Sep 29

Biden calls for more oil and gas lease sales in the Gulf of Mexico, disappointing all sides

By Matthew Daly, Matthew Brown, Associated Press

Biden is trying to navigate between energy companies that have pressed for greater oil and gas production and environmental activists who have urged Biden to shut down new offshore drilling in the fight against climate change.

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Sep 25

How oil price hikes boost Russia’s war as drivers pay more for gas

By David McHugh, Associated Press

Behind the recent bump in price is Saudi Arabia's decision to slash how much oil it sends to global markets through the end of the year. Russia also is cutting back, and less supply means higher prices.

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