Energy industry

October 08, 2018 - 7:20 am
DUBAI, United Arab Emirates (AP) — A subsidiary of General Electric Co. has agreed to purchase a 5-percent stake in the drilling arm of Abu Dhabi's state oil company for $550 million. The deal announced on Monday with Baker Hughes, also known as BHGE, values the drilling subsidiary of Abu Dhabi...
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in this photo provided Monday Oct.8, 2018 by the Marine Nationale, a Tunisian ship and a Cypriot ship are seen after a collision in the Mediterranean Sea north of Corsica island, Sunday, Oct. 7, 2018. Two merchant ships collided north of the French island of Corsica on Sunday, causing a 4-kilometer (2.4 mile) fuel spill in the Mediterranean Sea that French and Italian authorities are working to contain. (Benoit Emile/Marine Nationale via AP)
October 08, 2018 - 7:18 am
PARIS (AP) — French and Italian maritime authorities have begun cleaning up a fuel spill that has spread 20 kilometers (12.5 miles) in the Mediterranean Sea after two cargo ships collided north of the island of Corsica. Italy's coast guard said Monday it's recovering some of the polluted material...
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October 07, 2018 - 1:01 pm
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has spiked 7 cents a gallon over the past two weeks, costing $2.97. Industry analyst Trilby Lundberg of the Lundberg Survey says that's 41 cents a gallon higher than at this time last year. Lundberg said Sunday that rising...
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October 05, 2018 - 3:04 pm
BOSTON (AP) — The natural gas company at the center of the explosions north of Boston last month was "woefully unprepared" to prevent or respond to the unfolding disaster, Sens. Elizabeth Warren and Ed Markey said Friday after a review of internal company documents. The Massachusetts Democrats said...
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FILE- In this Tuesday, Oct. 2, 2018, file photo trader Michael Milano, left, and specialist Jay Woods work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 3. (AP Photo/Richard Drew, File)
October 03, 2018 - 1:45 pm
NEW YORK (AP) — Encouraging signs on hiring and growth in the service sector are sending U.S. stocks higher and bond prices sharply lower Wednesday. The yield on the benchmark 10-year Treasury note spiked to its highest level in more than seven years. That helped send bank stocks sharply higher...
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October 03, 2018 - 10:01 am
TRAVERSE CITY, Mich. (AP) — Officials tell The Associated Press that Michigan Gov. Rick Snyder's administration and Canadian pipeline giant Enbridge have reached a deal on replacing 65-year-old twin pipelines in a channel linking two of the Great Lakes. An announcement was scheduled for Wednesday...
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In this photo taken taken Thursday Sept. 27, 2018, the Finnish icebreaker Polaris is moored in Helsinki after an oil spill response drill testing an in-built recovery system, a first for an icebreaker. The vessel can collect 1,400 cubic meters (49,000 cubic feet) of oil, even in harsh and icy weather conditions. (AP Photo/David Keyton)
October 03, 2018 - 3:53 am
HELSINKI (AP) — A Finnish icebreaker has conducted an oil spill response exercise in the Baltic Sea, testing a new, inbuilt oil recovery system — a first for an icebreaker. The vessel, Polaris, can collect 1,400 cubic meters (49,000 cubic feet) of oil, even in harsh and icy weather conditions. The...
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FILE - In this June 26, 2018, file photo, General Electric Chairman & CEO John Flannery is interviewed on the floor of the New York Stock Exchange. Flannery out as chairman and CEO at General Electric after less than two years, Lawrence Culp Jr. takes over. After less than two years and a precipitous decline in the share price at General Electric, Flannery is being ousted as chairman and CEO. (AP Photo/Richard Drew, File)
October 01, 2018 - 4:43 pm
BOSTON (AP) — General Electric ousted its CEO, took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will take over immediately...
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FILE - In this June 24, 2016, file photo, people walk by the New York Stock Exchange. On Monday, Oct. 1, 2018, stocks are opening broadly higher on Wall Street, led by big gains in industrials after General Electric named a new CEO. (AP Photo/Richard Drew, File)
October 01, 2018 - 12:37 pm
NEW YORK (AP) — U.S. manufacturers and car companies are rising Monday, helping send stocks solidly higher after the U.S. and Canada agreed to a new trade deal that also includes Mexico. U.S. crude oil reached its highest price in almost four years. General Electric is surging after it replaced...
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In this photo provided by the United Nations, Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister, Kingdom of Cambodia, is greeted by United Nations Secretary-General Antonio Guterres during the United Nations General Assembly, Friday, Sept. 28, 2018 at U.N. Headquarters. (Kim Haughton/The United Nations via AP)
September 28, 2018 - 6:27 pm
UNITED NATIONS (AP) — The latest on the United Nations General Assembly (all times local): 7:20 p.m. Cambodia's longtime prime minister has taken aim at unilateralism and "protectionist policy," saying they cause problems in the attempts to cultivate healthy economies and relations. Hun Sen's...
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