Oil and gas exploration and extraction

FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. Oil and gas development infused $2.8 billion into New Mexico coffers during the 2020 fiscal year and marked its second-highest total revenue ever reported despite a global price war and plummeting demand amid the coronavirus pandemic, according to a report released Monday, Dec. 21, 2020. (AP Photo/Charlie Riedel, File)
January 22, 2021 - 4:56 pm

Biden's Pause On Oil Cause For Big Concern In New Mexico

ALBUQUERQUE, N.M. (AP) — President Joe Biden’s 60-day moratorium on new oil and natural gas leases and drilling permits is prompting widespread concerns in New Mexico, where spending on education and other public programs hinges on the industry’s success. Top Republicans in the state as well as...
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FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years. That stands to undercut President-elect Joe Biden's plans to block new drilling on public lands to address climate change. (AP Photo/Charlie Riedel, File)
January 21, 2021 - 1:16 pm

Biden Halts Oil And Gas Leases On Us Land, Water For 60 Days

BILLINGS, Mont. (AP) — The Biden administration announced Thursday the suspension of new oil and gas leasing and drilling permits for U.S. lands and waters for 60 days as part a broad review of programs at the Department of Interior. The move follows President Joe Biden's campaign pledge to halt...
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President-elect Joe Biden and his wife Jill Biden arrive at Andrews Air Force Base, Tuesday, Jan. 19, 2021, in Andrews Air Force Base, Md. (AP Photo/Evan Vucci)
January 19, 2021 - 9:34 pm

Biden Charts New Us Direction, Promises Many Trump Reversals

WASHINGTON (AP) — Stop. Stabilize. Then move — but in a vastly different direction. President-elect Joe Biden is pledging a new path for the nation after Donald Trump’s four years in office. That starts with confronting a pandemic that has killed 400,000 Americans and extends to sweeping plans on...
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In this photo released on Friday, Jan. 15, 2021, by the Iranian Revolutionary Guard, missiles are launched in a drill in Iran. Iran's paramilitary Revolutionary Guard forces on Friday held a military exercise involving ballistic missiles and drones in the country's central desert, state TV reported, amid heightened tensions over Tehran's nuclear program and a U.S. pressure campaign against the Islamic Republic. (Iranian Revolutionary Guard/Sepahnews via AP)
January 15, 2021 - 4:47 am

Iranian Guard Drones In Drill Mirror Those In Saudi Attacks

DUBAI, United Arab Emirates (AP) — Iran's paramilitary Revolutionary Guard conducted a drill Friday that saw “suicide drones” crash into targets and explode, triangle-shaped aircraft that strongly resembled those used in a 2019 attack in Saudi Arabia that temporarily cut the kingdom's oil...
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January 05, 2021 - 6:05 pm

Judge Allows Oil, Gas Lease Sales In Alaska’S Arctic Refuge

JUNEAU, Alaska (AP) — A U.S. judge on Tuesday refused to halt oil and gas lease sales in Alaska’s Arctic National Wildlife Refuge that were pushed by the Trump administration in its final days. U.S. District Court Judge Sharon Gleason's decision came after conservationists and Indigenous groups...
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In this photo provided by the New York Stock Exchange, traders work on the floor, Tuesday, Jan. 5, 2021. U.S. stocks are wobbling between small gains and losses on Tuesday, a day after dropping to their worst loss in months amid the worsening pandemic and potentially market-moving Senate elections. (Colin Ziemer/New York Stock Exchange via AP)
January 05, 2021 - 1:50 pm

Us Stocks Recoup Some Losses After Sharp Slide To Start 2021

Stocks closed broadly higher on Wall Street Tuesday, regaining their footing a day after suffering their worst loss in months amid the worsening pandemic and potentially market-moving Senate elections. The S&P 500 rose 0.7%, recovering about half of the index's losses from a day earlier. The...
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Seagulls fly as a man rides his bicycle in front of the Port on the Red Sea, in Jiddah, Saudi Arabia, Sunday, Dec. 27, 2020. (AP Photo/Amr Nabil)
January 05, 2021 - 11:36 am

Saudis Take On Burden Of Oil Output Cut To Support Price

FRANKFURT, Germany (AP) — Saudi Arabia said Tuesday it will cut its oil production by 1 million barrels a day, taking on the burden of supporting prices in the energy market as a “goodwill gesture" after a meeting with other crude-producing countries. The decision came after a meeting between...
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An aerial photo shows oil tankers load crude oil at Iraq's Al-Basra Offshore Terminal in Basra, Iraq, Sunday, Dec. 27, 2020. (AP Photo/Nabil al-Jurani)
January 02, 2021 - 1:40 pm

Iraq Says It Has Dismantled Mine On Tanker In Persian Gulf

BAGHDAD (AP) — Iraq's military on Saturday said explosives experts with its naval forces successfully dismantled a mine that was discovered stuck to an oil tanker in the Persian Gulf two days earlier. The statement said Iraqi authorities have opened an investigation into the incident. No group has...
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An aerial photo shows oil tankers load crude oil at Iraq's Al-Basra Offshore Terminal in Basra, Iraq, Sunday, Dec. 27, 2020. (AP Photo/Nabil al-Jurani)
January 01, 2021 - 6:57 am

Iraq Team Working To 'neutralize' Mine Found On Oil Tanker

BAGHDAD (AP) — Iraqi explosives experts were working to defuse a large mine discovered on an oil tanker in the Persian Gulf and evacuate its crew, authorities said Friday. The statement came a day after two private security firms said sailors feared they had found a limpet mine on the MT Pola, a...
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FILE - Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks are ticking higher on Wall Street Wednesday, Dec. 23, following a mixed set of reports on the economy. (AP Photo/John Minchillo)
December 24, 2020 - 10:06 am

Us Stocks Tick Higher In Quiet Pre-Christmas Trading

NEW YORK (AP) — U.S. stock indexes are closing modestly higher on Thursday after drifting through an abbreviated session. The S&P 500 rose 0.4% before trading shut on Wall Street for the Christmas holiday, trimming its small loss for the week. Markets will reopen on Monday. The majority of...
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