Oil and Gas Exploration


  • Saudi America? Close...but no cigar: Analysts Thursday, 10 Jul 2014 | 10:53 AM ET
    Construction of the Keystone Pipeline in Prague, Okla., (L) and an oil pipeline in northeastern Saudi Arabia.

    The U.S. is producing vast amounts of oil—but isn't quite in Saudi Arabia's league just yet, according to experts.

  • LONDON, July 10- Two years ago Total's chief Christophe de Margerie launched a "high risk, high reward" oil exploration strategy, betting he could hit a bonanza, even though his rivals had failed to make big discoveries.

  • Cleanup area extends nearly 2 miles after ND spill Thursday, 10 Jul 2014 | 3:41 AM ET

    MANDAREE, N.D.— Officials are assessing a spill of oil-drilling saltwater from a North Dakota pipeline to ensure none of the brine affected the lake an American Indian reservation uses for drinking water, the Environmental Protection Agency said Thursday. EPA said most of the spill was pooled on the ground, soaked into the soil and held behind beaver dams.

  • MOSCOW/ LONDON, July 9- With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.

  • RIO DE JANEIRO, July 8- Brazil's most promising offshore oil province, the Santos Basin, has 400 times the number of oil leaks as its older and more prolific neighbor, the Campos Basin, a Brazilian university study says, raising concern about the environmental sustainability of the country's new oil wealth.

  • AP Top Financial News At 3:33 p.m. EDT Friday, 4 Jul 2014 | 3:33 PM ET

    Solid US job gains pointing to a stronger recovery Markets lackluster on US Independence Day For-profit college to sell most campuses Germany summons US envoy over spy case New York considers releasing oil train details US officials barred from American's trial in China Blue Bird recalls school buses for steering issue California chicken linked to salmonella recalled Unions representing government workers are gaining Coal, gas drilling waste plant closes, leaves mess

  • Coal, gas drilling waste plant closes, leaves mess Friday, 4 Jul 2014 | 10:44 AM ET

    PITTSBURGH— A company that treated wastewater from coal mines and gas drilling operations near Pittsburgh has closed, and state officials are scrambling to clean up a mess that's still there.

  • Study links quakes to water dumping—not fracking Thursday, 3 Jul 2014 | 2:29 PM ET

    A "very small number" of disposal wells are behind a swarm of earthquakes plaguing Oklahoma, according to a new study.

  • ALBANY, N.Y., June 30- New York state's top court ruled on Monday that towns have the authority to ban gas drilling within their borders, giving a boost to opponents of the drilling method known as fracking.

  • N.Y. top court says towns can ban fracking Monday, 30 Jun 2014 | 10:17 AM ET

    ALBANY, N.Y., June 30- New York's top state court has held that towns have the authority to ban gas drilling within their borders, giving a boost to opponents of the drilling method known as fracking.

  • Devon Energy selling some US assets for $2.3B Monday, 30 Jun 2014 | 9:46 AM ET

    OKLAHOMA CITY— Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion. Houston- based Linn Energy said it plans to finance the transaction by selling its Granite Wash assets and other non-producing acreage.

  • June 24- Disposal of wastewater from oil and gas drilling into a Colorado well was ordered halted this week after seismic activity was detected in the area, state regulators said on Tuesday.

  • Who would win a World Cup for energy savings? Friday, 20 Jun 2014 | 1:20 PM ET
    Enoh Eyong of Cameroon challenges Jose Juan Vazquez of Mexico in the first half during the 2014 FIFA World Cup Brazil Group A match between Mexico and Cameroon at Estadio das Dunas on June 13, 2014 in Natal, Brazil.

    Using conservation as a baseline, Opower broke down a few World Cup contenders according to their energy policies.

  • What Iraq's war may mean for the Keystone pipeline Wednesday, 18 Jun 2014 | 1:16 PM ET
    Pipe is stacked at the southern site of the Keystone XL pipeline in Cushing, Oklahoma.

    Backers in favor of the Canada-to-Texas pipeline are pointing to the crisis in Iraq as a rationale for pushing the project forward.

  • Exxon staff exit Iraq amid spiraling violence Wednesday, 18 Jun 2014 | 8:38 AM ET
    File photo of South Oil Company (SOC) adjust a valve at the Rumaila oil field in Basra Province.

    The head of Iraq's South Oil Company also insists that current developments have not affected and will not affect oil operations in the south.

  • Fracking's drought motto: No water? No problem Tuesday, 10 Jun 2014 | 10:53 AM ET
    Pump jacks and wells are seen in an oil field on the Monterey Shale formation where gas and oil extraction using hydraulic fracturing, or fracking, is on the verge of a boom, March 23, 2014 near McKittrick, California.

    Opponents of fracking may have hoped the drought would stop the water-using oil and gas drilling process. They are wrong, for now.

  • Chesapeake Energy charged with alleged fraud Thursday, 5 Jun 2014 | 2:23 PM ET

    Michigan's AG filed felony racketeering and fraud claims against Chesapeake Energy, alleging the firm canceled land leases under false pretenses.

  • Senator Edward Markey on Thursday aims to ease Ukraine's fuel dependence on Russia by modernizing its heating infrastructure and updating its Soviet-era natural gas drilling capabilities.

  • Oil will stay above $100, say big energy investors Wednesday, 4 Jun 2014 | 1:33 PM ET

    What's bad news for consumers—namely, high energy prices—can be great for large investors and oil and gas companies.

  • RIO DE JANEIRO, June 3- A majority of creditors of Brazil's Oleo e Gas Participacoes SA approved the terms of restructuring plan for the bankrupt oil and gas exploration and production company, its lawyers said Tuesday.