Oil and gas exploration and extraction

February 27, 2020 - 4:50 pm
BRUSSELS (AP) — The European Union on Thursday slapped sanctions on two senior members of the Turkish Petroleum Corporation and accused them of responsibility for illegal drilling in waters off the Mediterranean island of Cyprus. The EU imposed asset freezes and travel bans in Europe on TPAO Vice-...
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February 20, 2020 - 2:58 pm
GEORGETOWN, Guyana (AP) — Guyana’s government on Thursday prepared to sell its first barrels of oil after the discovery of large quantities of oil and gas near the South American country’s coast nearly five years ago. The Department of Energy called the shipment a historic event, saying Guyana...
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FILE - This Jan. 16, 2015, file photo shows pumpjacks operating at the Kern River Oil Field in Bakersfield, Calif., which is overseen by the U.S. Bureau of Land Management. Oil production from federally-managed lands and waters topped a record 1 billion barrels in 2019, according to the Department of Interior on Tuesday, Feb. 11, 2020. (AP Photo/Jae C. Hong, File)
February 11, 2020 - 10:56 am
BILLINGS, Mont. (AP) — Oil production from federally-managed lands and waters topped a record 1 billion barrels last year, federal officials said Tuesday, as technological advances helped drive development in new areas and the Trump administration eases rules on the industry. The production figure...
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February 03, 2020 - 5:39 am
DUBAI, United Arab Emirates (AP) — The United Arab Emirates on Monday announced the discovery of a natural gas field containing 80 trillion standard cubic feet of gas between Abu Dhabi and Dubai. Authorities said the new Jebel Ali field would help the Emirates become more energy independent, as the...
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In this Jan. 28, 2020, photo a Mobil sign is affixed to an Exxon Mobil fuel pump in Marlborough, Mass. Exxon Mobil Corp. reports financial results Friday, Jan. 31. (AP Photo/Bill Sikes)
January 31, 2020 - 9:35 am
Exxon Mobil's profit slid more than 5% in the fourth quarter of 2019, as the oil giant dealt with weak margins in its chemical and retail fuel operations. The country's largest oil producer posted $5.69 billion in profits, or $1.33 per share, for the quarter. But those profits were boosted by a one...
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January 29, 2020 - 1:59 pm
ROME (AP) — A maritime border agreement between Turkey and Libya's U.N.-backed government is “unacceptable," violates international law and flouts the sovereign rights of other countries, the foreign ministers of Italy and Cyprus said Wednesday.. Italian Foreign Minister Luigi Di Maio and his...
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January 22, 2020 - 7:06 am
NICOSIA, Cyprus (AP) — Turkey may have stolen technical data that enabled it send a drill ship at a specific location south of Cyprus that energy companies Eni and Total had pre-selected to carry out their own exploratory drilling, a Cypriot officials said Wednesday. Government spokesman Kyriakos...
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FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya. On Sunday, Jan. 19, 2020, Libya’s National Oil Corporation said that guards under the command of Khalifa Hifter’s forces shut down two key oil fields in the country’s southwestern desert, following the earlier closure of all eastern export terminals.(AP Photo/Hussein Malla, File)
January 20, 2020 - 10:57 am
BENGHAZI, Libya (AP) — Libya’s major oil fields and production facilities remained closed on Monday, its National Oil Corporation said, in a sign that the country's east-based forces are not backing down after an international summit to end the Libyan civil war. The continued closure of the oil...
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January 19, 2020 - 4:24 pm
HUTCHINSON, Kan. (AP) — A small earthquake was reported in southern Kansas on Sunday. The U.S. Geological Survey said a magnitude 4.5 earthquake struck about 2 miles (3 kilometers) southwest of Hutchinson shortly after 1 p.m. The service had initially reported that it was a magnitude 4.4 earthquake...
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A Turkish-made Bayraktar TB2 drone is seen shortly after its landing at an airport in Gecitkala, known as Lefkoniko in Greek, in Cyprus, Monday, Dec. 16, 2019. Turkey has dispatched the surveillance and reconnaissance drone to the breakaway north of ethnically divided island nation of Cyprus amid tensions over offshore oil and gas exploration. It's unclear what the drones will be specifically tasked to do.Turkey doesn't recognize Cyprus as a state and asserts that 44% of the island nation's exclusive economic zone are its own. (DHA via AP)
January 19, 2020 - 12:53 pm
NICOSIA, Cyprus (AP) — Cyprus on Sunday denounced Turkey as a “pirate state" that flouts international law as Turkey's bid to drill for natural gas in waters where Cyprus has economic rights rekindled tensions over energy reserves in the eastern Mediterranean. Cyprus said Turkey was now attempting...
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