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January 27, 2021

oil

Article

World court to intervene in Guyana-Venezuela border dispute

January 8, 2021 Mike Corder, Associated Press

THE HAGUE — The United Nations’ highest court ruled Friday that it will intervene to settle a decades-old border dispute between South American neighbors Guyana and Venezuela. The decision by the International Court of Justice […]

Article

US plans oil, gas lease sale in Alaska’s Arctic refuge

December 4, 2020 Becky Bohrer, Associated Press

JUNEAU, Alaska — The U.S. Bureau of Land Management plans to hold an oil and gas lease sale for Alaska’s Arctic National Wildlife Refuge next month. Left-leaning groups criticized Thursday’s announcement as rushed and based […]

Article

Members of oil cartel to meet as coronavirus rattles demand

November 30, 2020 Cathy Bussewitz, Associated Press

NEW YORK — Leaders of the OPEC cartel are meeting virtually to decide how much oil their members should produce as lockdowns related to the coronavirus continue to stifle demand for crude. They’re expected to […]

Article

Army Corps of Engineers grants final federal Line 3 permit

November 24, 2020 Steve Karnowski, Associated Press

MINNEAPOLIS — The U.S. Army Corps of Engineers on Monday approved the final federal permit for Enbridge Energy’s planned Line 3 crude oil pipeline replacement across northern Minnesota, bringing the project a step closer to […]

Article

Biden calls for ‘transition’ from oil, GOP sees opening

October 23, 2020 Kathleen Ronayne and Ellin Knickmeyer, Associated Press

Democrat Joe Biden’s remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to […]

Article

ConocoPhillips buying Concho in $9.7B all-stock deal

October 19, 2020 Cathy Bussewitz, Associated Press

NEW YORK — ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion, making it a major presence in the Permian Basin, the top-producing oil field in the U.S. The […]

Article

Venezuela receives gasoline from Iran amid surge in protests

October 1, 2020 Fabiola Sanchez, Associated Press

CARACAS, Venezuela — The second of three ships loaded with gasoline from Iran approached fuel-starved Venezuela on Wednesday amid simmering social unrest over a lack of goods and services that’s sparked protests across the South […]

Business

$1B in revenue expected from New Mexico’s state trust lands

August 21, 2020 Susan Montoya Bryan, Associated Press

ALBUQUERQUE, N.M. — New Mexico is on track to have another banner year as a result of oil and gas drilling and other activities on state trust lands, officials with the State Land Office said […]

Article

Officials: U.S. seizes Iranian oil heading for Venezuela

August 13, 2020 Joshua Goodman, Associated Press

MIAMI — The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against […]

News

Stirring in the oil patch, Chevron buys Noble for $5 billion

July 20, 2020 The Associated Press

NEW YORK — Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook the energy sector. Chevron has been shopping for assets since last year […]

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