Oil and gas exploration and extraction

1010 WINS Newsroom
December 31, 2019 - 5:56 am
JERUSALEM (AP) — Israel on Tuesday began preliminary pumping of gas from a lucrative field in the Mediterranean Sea to its coastline rig, just days before it is to sign a a major pipeline deal with Greece and Cyprus. The start of the so-called “flushing process” took place after repeated delays due...
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1010 WINS Newsroom
December 25, 2019 - 5:09 am
RIYADH, Saudi Arabia (AP) — Saudi Arabia and Kuwait have ended a nearly five-year-long dispute over shared oil fields and have agreed to resume oil production from the divided Neutral Zone, but stressed this would not change their OPEC commitments to crude oil production cuts. The allied Gulf Arab...
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FILE - In a Wednesday, Oct. 23, 2019 file photo, Igor Fruman arrives for his arraignment, in New York. Andrew Favorov, the No. 2 at Ukraine’s state-run gas company Naftogaz, says he sat on the red leather banquette and listened wide-eyed as the men boasted of their connections to President Donald Trump and proposed selling large quantities of liquified natural gas from Texas to Ukraine. The gas deal never came to pass, but it’s now the subject of a U.S. federal criminal investigation of the two men, Lev Parnas and Igor Fruman, and their close associate, Rudy Giuliani. (AP Photo/Mark Lennihan, File)
1010 WINS Newsroom
December 23, 2019 - 4:33 pm
KYIV, Ukraine (AP) — In a back corner of the swank H Bar in Houston, near a huge photo of Brigitte Bardot with a dangling cigarette and a deck of cards, two Russian-speaking men offered a Ukrainian gas executive what seemed like an outrageous business proposal. Andrew Favorov, the No. 2 at Ukraine’...
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In this photo taken on Wednesday Nov. 6, 2019, graffiti on a wall reading "Your wall can not divide us" is seen at the U.N buffer zone by a fence that divides the Greek Cypriot south and the Turkish Cypriot north, in divided capital Nicosia, Cyprus. As the world commemorates 30 years since the fall of the Berlin Wall, the bullet-riddled sandstone walls of abandoned, crumbling homes and concrete machine gun nests dotting in Cyprus' no-man's land are a reminder of Europe's last divided country. (AP Photo/Petros Karadjias)
1010 WINS Newsroom
December 16, 2019 - 11:46 am
ANKARA, Turkey (AP) — Turkey has dispatched a surveillance and reconnaissance drone to the breakaway north of ethnically divided island nation of Cyprus amid tensions over offshore oil and gas exploration, Turkey's state-run media said Monday. The Anadolu news agency said the Turkish-made Bayraktar...
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FILE - This Jan. 31, 2019 file photo, shows an oil platform in the Leviathan natural gas field, in the Mediterranean Sea off the Israeli coaast. Israel became a major energy exporter for the first time on Monday, Dec. 16, 2019, after signing a permit to export natural gas to neighboring Egypt. The announcement comes just days before a lucrative Israeli gas field in the Mediterranean Sea is expected to go online. (Marc Israel Sellem/Pool via AP, File)
1010 WINS Newsroom
December 16, 2019 - 10:52 am
JERUSALEM (AP) — Israel became a major energy exporter for the first time on Monday after signing a permit to export natural gas to Egypt. The announcement comes just days before a lucrative Israeli gas field in the Mediterranean Sea is expected to go online. Energy Minister Yuval Steinitz called...
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1010 WINS Newsroom
December 11, 2019 - 7:35 am
ANKARA, Turkey (AP) — Turkey could use its military forces to halt any exploratory gas drilling in waters off Cyprus that it claims as its own, Turkey's foreign minister warned Wednesday. Foreign Minister Mevlut Cavusoglu told the pro-government A Haber news channel that Turkey “has the right to...
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Prince Abdulaziz bin Salman Al-Saud, center, Minister of Energy of Saudi Arabia looks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 5, 2019. (AP Photo/Ronald Zak)
1010 WINS Newsroom
December 06, 2019 - 10:46 am
The OPEC oil-producing countries and ally Russia said Friday they have agreed to cut crude production, prompting a surge in global crude prices that they hope to sustain into next year. The group decided to cut output by an extra 500,000 barrels a day as they try to support the price of energy and...
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Prince Abdulaziz bin Salman Al-Saud, center, Minister of Energy of Saudi Arabia looks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 5, 2019. (AP Photo/Ronald Zak)
1010 WINS Newsroom
December 05, 2019 - 5:22 pm
VIENNA (AP) — The countries that make up the OPEC oil-producing cartel talked into the night Thursday over possible deep cuts to production that would support the price of fuel around the world. An OPEC spokesman told waiting journalists at 10 p.m. (2100 GMT) that an expected news conference would...
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FILE - In this Nov. 3, 2019, file photo, a man walks past a compound for Saudi Aramco in Jiddah, Saudi Arabia. Saudi Arabia's state-owned oil company Aramco on Thursday, Dec. 5, set a share price for its IPO, that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. (AP Photo/Amr Nabil, File)
1010 WINS Newsroom
December 05, 2019 - 4:07 pm
DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil company Aramco on Thursday set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. The company said it will sell its shares at 32 riyals ($8...
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1010 WINS Newsroom
December 05, 2019 - 5:36 am
NICOSIA, Cyprus (AP) — The president of Cyprus says authorities are launching legal action at the International Court of Justice in the Hague against Turkey’s exploratory gas drilling inside Cypriot waters. President Nicos Anastasiades said Thursday this is part of his government’s pledge to use “...
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