Oil and gas exploration and extraction

FILE - In this Thursday, Aug. 31, 2017, file photo, a flame burns at the Shell Deer Park oil refinery in Deer Park, Texas. Oil prices are plunging Sunday, March 8, 2020, amid worries that an OPEC dispute will lead a virus-weakened economy to be awash in an oversupply of crude. (AP Photo/Gregory Bull, File)
March 08, 2020 - 8:06 pm
NEW YORK (AP) — Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier...
Read More
FILE - This April 24, 2014, file photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland. The multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, the Anchorage Daily News reported Friday, March 6, 2020. (Steffen Schmidt/Keystone via AP, File)
March 07, 2020 - 11:52 pm
KENAI, Alaska (AP) — A multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, a newspaper said. Switzerland-based UBS Bank joined several other investment...
Read More
Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Friday, March 6, 2020. (AP Photo/Ronald Zak)
March 06, 2020 - 2:19 pm
VIENNA (AP) — OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of crude caused by the new coronavirus outbreak's massive disruption to world business. The price of oil fell sharply in international markets as a result, with...
Read More
Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Friday, March 6, 2020. (AP Photo/Ronald Zak)
March 06, 2020 - 12:49 pm
VIENNA (AP) — OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of crude caused by the new coronavirus outbreak's massive disruption to world business. The price of oil fell sharply in international markets as a result, with...
Read More
Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Friday, March 6, 2020. (AP Photo/Ronald Zak)
March 06, 2020 - 11:51 am
VIENNA (AP) — Talks between OPEC and non-member allies like Russia ended Friday without a deal on cutting oil production, the secretary general said. The price of oil fell sharply in international markets, with the international benchmark down 8%. The oil cartel was hoping for an agreement to...
Read More
Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Friday, March 6, 2020. (AP Photo/Ronald Zak)
March 06, 2020 - 11:46 am
VIENNA (AP) — The secretary general of OPEC said Friday that talks with non-members like Russia on cutting oil production have ended without agreement. The price of oil fell sharply in international markets, with the international benchmark down over 8%. THIS IS A BREAKING NEWS UPDATE. AP's earlier...
Read More
Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Friday, March 6, 2020. (AP Photo/Ronald Zak)
March 06, 2020 - 10:41 am
VIENNA (AP) — The price of oil is plunging amid doubts that the OPEC oil cartel will succeed in agreeing with ally Russia and other non-members on cutting production to support prices as the virus outbreak disrupts the global economy. Failure to strike a deal could send weak prices even lower,...
Read More
An Indian wears a mask and walks on a street in Hyderabad, India, Thursday, March 5, 2020. A new virus first detected in China has infected more than 90,000 people globally and caused over 3,100 deaths. The World Health Organization has named the illness COVID-19, referring to its origin late last year and the coronavirus that causes it. (AP Photo/Mahesh Kumar A.)
March 05, 2020 - 10:29 am
The economic affects of the coronavirus have preceded the spread of the virus itself, with financial markets swinging wildly, companies closing offices or asking employees work from home in affected areas, and throttling air travel across the globe. Following is a brief look at how things are...
Read More
Austrian rescue personnel checks the body temperature of Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, before a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, March 5, 2020. (AP Photo/Ronald Zak)
March 05, 2020 - 9:47 am
VIENNA (AP) — The oil-producing countries of the OPEC cartel are calling for a deep production cut of 1.5 million barrels per day to support prices that are sagging due to the spread of the coronavirus. The proposal, however, assumes that non-member allies like major producer Russia, who will take...
Read More
Austrian rescue personnel checks the body temperature of Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, before a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, March 5, 2020. (AP Photo/Ronald Zak)
March 05, 2020 - 9:36 am
VIENNA (AP) — The oil-producing countries of the OPEC cartel are calling for a deep production cut of 1.5 million barrels per day to support prices that are sagging due to the spread of the coronavirus. The proposal, however, assumes that non-member allies like major producer Russia, who will take...
Read More

Pages