Oil and gas industry

May 09, 2019 - 4:22 pm
MEXICO CITY (AP) — The Mexican government and state-owned oil company Pemex will handle construction of a new refinery after international companies bidding for the project could not meet the government's time or budget requirements, President Andrés Manuel López Obrador said Thursday. Even before...
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Cypriot President Nicos Anastasiades, left, is welcomed by Romanian President Klaus Werner Ioannis as he arrives for an EU summit in Sibiu, Romania, Thursday, May 9, 2019. European Union leaders on Thursday start to set out a course for increased political cooperation in the wake of the impending departure of the United Kingdom from the bloc. (AP Photo/Vadim Ghirda)
May 09, 2019 - 8:20 am
SIBIU, Romania (AP) — Cyprus' president has slammed Turkey for an "unprecedented escalation of illegal action" in the eastern Mediterranean, equating Ankara's bid to drill for gas in waters where the Mediterranean island nation has exclusive economic rights as being tantamount to a new invasion. At...
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President Donald Trump walks on the South Lawn of the White House in Washington, Wednesday, May 8, 2019, to board Marine One for a short trip to Andrews Air Force Base, Md., to travel to Florida to visit with those affected by Hurricane Michael and attend a rally. (AP Photo/Andrew Harnik)
May 08, 2019 - 6:05 pm
WASHINGTON (AP) — The Latest on the United States and Iran (all times local): 6:45 p.m. American officials say the U.S. is poised to move more military assets to the Middle East in response to perceived threats from Iran. Officials say two additional bomber aircraft are expected to deploy to the...
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President Donald Trump walks on the South Lawn of the White House in Washington, Wednesday, May 8, 2019, to board Marine One for a short trip to Andrews Air Force Base, Md., to travel to Florida to visit with those affected by Hurricane Michael and attend a rally. (AP Photo/Andrew Harnik)
May 08, 2019 - 5:28 pm
WASHINGTON (AP) — President Donald Trump's Iran policy has been rooted in the idea that being tougher on Tehran would yield better results and perhaps even a new nuclear deal to replace the Obama administration pact that he pulled the U.S. out of a year ago Wednesday. That strategy is now being put...
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FILE - In this March 11, 2019, file photo specialist Peter Mazza, left, and trader James Riley work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, May 8. (AP Photo/Richard Drew, File)
May 08, 2019 - 4:12 pm
A modest rally faded in the last few minutes of trading on Wall Street, leaving stocks slightly lower Wednesday ahead of the latest round of trade talks between the U.S. and China. The late-afternoon reversal added to the market's losses following a steep sell-off a day earlier as investors worry...
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FILE - This Feb. 1, 2010, file photo shows a Marathon gas station pump in Indianapolis. Oil refiner Marathon Petroleum Corp. is buying Andeavor Logistics in a deal worth about $9 billion that’ll grow its pipeline and storage business and expand its geographic reach. Marathon will combine its midstream subsidiary MPLX with Andeavor, both master limited partnerships. Andeavor unitholders will receive 1.135 MPLX common units for each Andeavor common unit held. Marathon said Wednesday, May 8, 2019, that it will receive 1.0328 MPLX common units for each Andeavor common unit held. (AP Photo/Michael Conroy, File)
May 08, 2019 - 7:03 am
FINDLAY, Ohio (AP) — Marathon Petroleum Corp. is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion. MPLX and Andeavor Logistics are both master limited partnerships majority owned by Marathon, which raised the possibility that it might combine the two...
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Visiting from France, Meyer Joseph, center, smokes a cigarette in front of luxury shops while talking with Lily Levy Tuesday, May 7, 2019, in Beverly Hills, Calif. Beverly Hills is considering outlawing the sale of tobacco products, a move that would make the glamorous California city the first in the nation to enact such a ban. (AP Photo/Jae C. Hong)
May 08, 2019 - 2:36 am
BEVERLY HILLS, Calif. (AP) — A fiery debate is breaking out across Beverly Hills as people at tony hair salons, gas stations and stores weigh in on whether the city of the rich and famous should become the first in the U.S. to outlaw the sale of tobacco products everywhere except a few cigar...
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FILE - In this June 11, 2014 file photo, James Lyons and Florence Reaves, from Kirkwood, Mo., hike to a stone lookout over the Little Missouri River inside the Theodore Roosevelt National Park, located in the Badlands of North Dakota. An heir to the Wal-Mart fortune, a wealthy governor and energy companies operating in the North Dakota oil patch could fund a big chunk of the private money needed by developers of a presidential library for Theodore Roosevelt in the western Badlands. (AP Photo/Charles Rex Arbogast, File)
May 05, 2019 - 10:05 am
BISMARCK, N.D. (AP) — A Walmart heir, a wealthy governor and energy companies profiting from North Dakota oil could fund a big chunk of the private money needed by developers of a presidential library for Theodore Roosevelt in the western Badlands where he hunted and ranched before becoming the...
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FILE- In this March 12, 2019, file photo specialists James Denaro, left, and Mario Picone work at a post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, May 3. (AP Photo/Richard Drew, File)
May 03, 2019 - 2:23 pm
Stocks rose broadly on Wall Street in late-afternoon trading Friday, erasing the market's losses from a day earlier and placing the S&P 500 on track for its second straight weekly gain. Investors welcomed the government's latest snapshot of U.S. employment, which showed that job growth surged...
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May 03, 2019 - 6:09 am
ROME (AP) — The United Nations says about 10 million people in North Korea are suffering from "severe food shortages" after the East Asian nation had one of the worst harvests in a decade. The World Food Program said Friday that "unfavorable climatic conditions, limited supplies of agricultural...
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