oil drilling

Authorities in Venezuela have charged with corruption a businessman who is a fugitive in a separate U.S. money laundering case targeting a top ally of President Nicolás Maduro.

States have just over a week to weigh in on new Gulf lease sales that would open up new territory to drilling.

The EU ban on Russian oil imports will likely lead to higher crude and gasoline prices, further upending energy markets.

President Biden described the move as a critical step to punishing Russian President Vladimir Putin for invading Ukraine, but said as a result, Americans should prepare for price hikes at the pump.

The U.S. is still the largest producer of oil, but we're a long way from pumping what we were before the pandemic. Blame backwardation.

The Florida Department of Environmental Protection has rejected a permit application from a North Fort Myers company to drill an exploratory oil well north of Immokalee in Collier County, citing the potential for negative impacts on wildlife like the protected gopher tortoise and on water resources.

A Texas company’s plans to drill for oil in the Everglades may have a tougher time winning approval, now that an administration that’s skeptical of fossil fuels has taken over in Washington. Burnett Oil Co. has proposed drilling at two sites in Big Cypress National Preserve, important Florida panther habitat that sprawls across both sides of Alligator Alley.

A Maine startup is drawing high-profile support for its low-tech plan to soak up carbon emissions. It says its kelp farms will sink to the ocean floor and lock the carbon away for millennia.

Bahamas Petroleum reported Monday that exploratory drilling 90 miles west of Andros Island had found too little oil to be commercially viable.

Burnett Oil has asked state environmental regulators to construct two roads and concrete pads on wetlands in the national preserve and hopes to begin drilling by 2022.

A Bahamian oil company contracted a drill ship to begin exploring the island country's waters for oil in less than a month.

The move extends a moratorium Trump imposed earlier this month. The oil industry opposes the move. Trump's detractors say Trump is playing politics ahead of a close election battle.