____ WASHINGTON (AP) — The Trump administration on Friday allowed Chevron to continue operating in Venezuela at least until October despite U.S. sanctions aimed at ousting President Nicolás Maduro by choking off revenue from the world's largest crude reserves. The…
BANGKOK (AP) — The price of oil rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a lot of the world's oil is shipped through. Stock markets were largely stable as…
NEW ORLEANS (AP) — The federal government will offer 77.8 million acres (31.5 million hectares) in the Gulf of Mexico for oil and gas exploration and development on Aug. 21. An Interior Department statement says the lease sale will include…
WASHINGTON (AP) — Chevron was nearly booted from Venezuela in 2007 during a nationalization drive led by the late socialist President Hugo Chavez. Twelve years later, it faces a similar threat from an unlikely corner: the White House. The Trump…
NEW ORLEANS (AP) — A new federally led study of oil seeping from a platform toppled off Louisiana's coast 14½ years ago found releases lower than other recent estimates, but contradicts the well owner's assertions about the amount and source…
VATICAN CITY (AP) — Some of the world's major oil producers committed Friday to supporting "economically meaningful" carbon pricing regimes after a Vatican climate summit and a personal appeal from Pope Francis to avoid "perpetrating a brutal act of injustice"…
SEOUL, South Korea (AP) — The blasts detonated far from the bustling megacities of Asia, but the attack this week on two tankers in the strategic Strait of Hormuz hits at the heart of the region's oil import-dependent economies.While the…
WASHINGTON (AP) — President Donald Trump will highlight his administration's efforts to ramp up liquefied natural gas exports as he visits a new plant Tuesday in southwest Louisiana. Trump will tour a $10 billion export terminal that will liquefy natural…
NEW DELHI (AP) — Iranian Foreign Minister Javad Zarif met with his Indian counterpart in New Delhi, days after India decided to follow U.S. restrictions on buying Iranian oil. India's foreign ministry said Zarif held discussions with Indian External Affairs…
SAN RAMON, Calif. (AP) — Chevron won't increase its buyout offer for Anadarko, cutting short a potential bidding war with Occidental Petroleum. Occidental challenged Chevron's initial bid last month, offering $57 billion in cash and stock, including debt and book…
HOUSTON (AP) — Anadarko says it plans to end its $33 billion takeover deal with Chevron in favor of a revised bid by Occidental. Occidental's offer is worth about $57 billion in cash and stock, including debt and book value…
PORT FOURCHON, La. (AP) — The Trump administration moved Thursday to give oil and gas companies more flexibility in meeting safety requirements imposed after the 2010 BP Deepwater Horizon explosion, which killed nearly a dozen people and was the worst…
HOUSTON (AP) — Anadarko is resurrecting buyout talks with Occidental, setting up a bidding war with Chevron which has offered $33 billion for the energy company. Anadarko Petroleum Corp. accepted Chevron's bid even though it had been in talks with…
HOUSTON (AP) — A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer worth $76 per share in cash and stock that it says is about a 20% premium to Chevron's $33 billion deal. Occidental Petroleum…
LONDON (AP) — Oil prices remained near six-month highs Tuesday in the wake of the Trump administration's announcement that it would soon impose sanctions on all buyers of Iranian oil. On Monday, the Trump administration said it would no longer…
SAN RAMON, Calif. (AP) — Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock, energizing its deep water exploration in the gulf and in the energy-rich southwest region of Texas called the Permian Basin. The deal announced Friday…
NEW YORK (AP) - The U.S. oil and gas industry is praised by supporters for boosting America to the forefront of global production and attacked by critics who blame it for sowing doubt about the scientific consensus that burning fossil…
STAVANGER, Norway (AP) — Norway's $1 trillion wealth fund, the biggest of its kind in the world, will begin dumping shares in oil and gas companies, but stopped short of barring major producers like ExxonMobil and Chevron. The move was…
BATON ROUGE, La. — On Friday, March 1, ExxonMobil announced it will add a polypropylene manufacturing unit to its vast greater Baton Rouge petrochemical complex, representing a capital investment of at least $469 million. The announcement was made in a press…
HOUSTON (AP) — A faint voice comes through the crackled phone line. On the other end, Tomeu Vadell, speaking from a military counterintelligence prison in Venezuela's capital, asks his daughters in Louisiana whether they've gone to church and says he…
LONDON (AP) — BP says fourth-quarter earnings jumped 65 percent as the London-based energy company benefited from higher oil prices and increased production. The company said Tuesday that underlying replacement cost profit, the industry's preferred gauge of earnings, rose to…
NEW YORK (AP) - Pacific Gas & Electric Co. says it expects capital spending of $6.6 billion this year and about $6.9 billion in 2020. PG&E made the disclosure in a filing with regulators on Wednesday. That comes after the company…
GRAY, La. – Danos, a family-owned and managed oilfield service provide, has secured a contract with Equinor, an energy company, for production operation support on its Titan SPAR platform, located in the deepwater Gulf of Mexico. Details were shared in a press release. The…
MEXICO CITY (AP) — Mexico's new president has shut down some pipelines to stop fuel thieves who he says had established an illegal distribution network. The fight against thefts of $3 billion per year from government pipelines and fuel depots…
NEW YORK - The company that has failed to end a 14-year-old oil leak in the Gulf of Mexico is suing to challenge a Coast Guard official's order to design and install a new containment system to capture and remove…
BILLINGS, Mont. (AP) — The Trump administration miscalculated potential damages from train derailments when it canceled an Obama-era rule requiring the installation of more advanced brakes by railroads hauling explosive fuels, The Associated Press has found. A government analysis used…
NEW YORK (AP) — U.S. stocks are climbing Wednesday morning as a modest recovery in oil prices pulls energy companies slightly higher following huge losses a day earlier. Markets were relatively quiet as the Federal Reserve wraps up its last…
BATON ROUGE, La. (AP) — A company planning a $15.9 billion liquefied natural gas export terminal in southwest Louisiana won approval Friday for a five-year property tax break expected to be worth up to $1.4 billion, and that could grow…
BISMARCK, N.D. (AP) — The four Native American tribes in the Dakotas that are fighting the Dakota Access oil pipeline in court are seeking to challenge the recent conclusion of federal officials that a spill would not greatly impact tribal…
VIENNA (AP) — The Latest on the OPEC oil meeting (all times local): 5:05 p.m. OPEC's president says the oil cartel in conjunction with non-OPEC producers including Russia have agreed to cut oil production by 1.2 million barrels a…
