Oil and gas industry

January 25, 2020 - 8:25 am
NEW YORK (AP) — Stocks around the world fell this week on worries that a new type of virus in China may ultimately hit profits for companies from Wuhan to Washington. The World Health Organization has held off on calling the outbreak a global health emergency but says it may become one. The virus...
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This aerial photo taken from video provided by KTRK-TV shows damage to buildings after an explosion in Houston on Friday, Jan. 24, 2020. A large explosion left rubble scattered in the area, damaged nearby homes and was felt for miles away. A fire continues to burn and people have been told to avoid the area. (KTRK-TV via AP)
January 24, 2020 - 7:51 pm
HOUSTON (AP) — A massive explosion Friday leveled a warehouse in Houston, killing two workers, damaging nearby buildings and homes and rousing frightened residents from their sleep miles away, authorities said. The explosion happened about 4:30 a.m. inside a building at Watson Grinding and...
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A man burn joss sticks as he prays at the Wong Tai Sin Temple, Friday, Jan. 24, 2020, in Hong Kong, to celebrate the Lunar New Year which marks the Year of the Rat in the Chinese zodiac. China is expanding its lockdown against the deadly new virus to an unprecedented 36 million people and rushing to build a prefabricated, 1,000-bed hospital for victims as the outbreak cast a pall over Lunar New Year, the country’s biggest and most festive holiday. (AP Photo/Achmad Ibrahim)
January 24, 2020 - 2:48 pm
China’s worst health crisis in years has sparked fear and uncertainty for businesses from North America to Asia that depend on trade in the affected region. Experts say it’s too soon to know how disruptive the crisis will prove. But it’s already having an impact. McDonald’s has shuttered...
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In this March 5, 2015 photo, Isabel dos Santos, reputedly Africa's richest woman, attends the opening of an art exhibition featuring works from the collection of her husband and art collector Sindika Dokolo in Porto, Portugal. On Monday, Jan. 6, 2020, Angola's foreign minister Manuel Augusto said that there is no political motivation behind the government's demand for more than $1 billion from dos Santos, her husband and a Portuguese business partner. Isabel dos Santos is a daughter of Jose Eduardo dos Santos, who ruled the oil- and diamond-rich nation for 38 years until 2017. (AP Photo/Paulo Duarte)
January 23, 2020 - 7:49 am
LISBON, Portugal (AP) — A Portuguese banker named in a major Angolan money-laundering and corruption scandal has died in an apparent suicide at his home, police said Thursday. Nuno Ribeiro da Cunha, named as a suspect by Angolan authorities in an investigation targeting the billionaire daughter of...
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FILE - In this Nov. 6, 2015 file photo, TC Energy's Keystone pipeline facility is seen in Hardisty, Alberta. The Trump administration is approving a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land. Federal officials told The Associated Press that Interior Secretary David Bernhardt would sign the approval for about 45 miles of the line's route Wednesday, Jan. 22, 2020. It pushes the controversial $8 billion project closer to construction, but it still faces court challenges. The 1,200-mile pipeline would transport up to 830,000 barrels of crude oil daily from western Canada to U.S. refineries. (Jeff McIntosh/The Canadian Press via AP, File)
January 22, 2020 - 12:27 pm
BILLINGS, Mont. (AP) — The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, federal officials told The Associated Press, pushing the controversial $8 billion project closer to construction though court challenges...
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January 22, 2020 - 4:06 am
NICOSIA, Cyprus (AP) — Turkey may have stolen technical data that enabled it send a drill ship at a specific location south of Cyprus that energy companies Eni and Total had pre-selected to carry out their own exploratory drilling, a Cypriot officials said Wednesday. Government spokesman Kyriakos...
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January 21, 2020 - 11:34 am
BISMARCK, N.D. (AP) — Iowa regulators want owners of the Dakota Access Pipeline to provide expert analysis to back up the company’s claim that doubling the line’s capacity won't increase the likelihood of a spill, a requirement their counterparts in North Dakota haven't imposed. Texas-based Energy...
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FILE In this file photo taken on Friday, Dec. 20, 2019, Russian President Vladimir Putin, right, and Belarusian President Alexander Lukashenko walk before a meeting of the Supreme Eurasian Economic Council in St. Petersburg, Russia. Russia has halted oil supplies to Belarus after the two countries failed to renegotiate a contract amid talks of further improving their economic ties. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP, File)
January 21, 2020 - 4:27 am
KYIV, Ukraine (AP) — Belarus started importing oil from Norway Tuesday after its main oil provider —Russia — suspended supplies earlier this month amid stalled talk on further strengthening economic ties between two countries. Belarusian state-run oil company Belneftekhim said Tuesday its...
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FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya. On Sunday, Jan. 19, 2020, Libya’s National Oil Corporation said that guards under the command of Khalifa Hifter’s forces shut down two key oil fields in the country’s southwestern desert, following the earlier closure of all eastern export terminals.(AP Photo/Hussein Malla, File)
January 20, 2020 - 11:13 am
BENGHAZI, Libya (AP) — Libya’s major oil fields and production facilities remained closed on Monday, its national oil company said, in a sign that the country's east-based forces are not backing down after an international summit to end the Libyan civil war. The Libyan National Oil Corporation...
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January 19, 2020 - 4:28 am
NICOSIA, Cyprus (AP) — Cyprus on Sunday denounced Turkey as a “pirate state" that flouts international law as Turkey's bid to drill for natural gas in waters where Cyprus has economic rights rekindled tensions over energy reserves in the eastern Mediterranean. Cyprus said Turkey was now attempting...
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