Oil and gas industry

In this courtroom sketch, Assistant U.S. Attorney David Denton points at defendant Mehmet Hakan Atilla, right, during opening arguments of a trial, Tuesday, Nov. 28, 2017, in New York federal court. Denton said Atilla, deputy CEO of Halkbank, was the architect of a "massively successful" scheme to dupe U.S. banks into letting Iran move money around the world. Judge Richard Berman is seated at the bench, background left. (Elizabeth Williams via AP)
November 29, 2017 - 5:54 pm
NEW YORK (AP) — A Turkish-Iranian gold trader testified at a New York trial Wednesday that he paid over $50 million in bribes to Turkey's finance minister in 2012 to overcome a banker's fears he was too well-known in Turkey to launder Iranian money in violation of U.S. sanctions. Reza Zarrab calmly...
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Saudi Energy Minister Khalid al-Falih speaks to journalists in Dubai, United Arab Emirates, Tuesday, Nov. 28, 2017. The energy ministers of Saudi Arabia and the United Arab Emirates both said Tuesday that those wanting to know whether OPEC will extend its production cuts will have to wait until the cartel's upcoming Vienna meeting on Thursday. (AP Photo/Jon Gambrell)
November 29, 2017 - 5:50 am
VIENNA (AP) — With bills rising for gasoline or heating oil, consumers around the world are paying the price for a decision by OPEC and Russia last year to cut production. The strategy is working for those oil-producing nations and will likely be extended at a meeting Thursday. Benchmark crude...
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In this courtroom sketch, Assistant U.S. Attorney David Denton points at defendant Mehmet Hakan Atilla, right, during opening arguments of a trial, Tuesday, Nov. 28, 2017, in New York federal court. Denton said Atilla, deputy CEO of Halkbank, was the architect of a "massively successful" scheme to dupe U.S. banks into letting Iran move money around the world. Judge Richard Berman is seated at the bench, background left. (Elizabeth Williams via AP)
November 28, 2017 - 11:12 pm
NEW YORK (AP) — Prosecutors on Tuesday revealed that a wealthy Turkish-Iranian gold trader struck a plea deal to testify about a vast corruption scheme they say reached into the upper levels of the Turkish government — a development that could further strain relations between the United States and...
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November 28, 2017 - 8:40 pm
AMHERST, S.D. (AP) — A federal agency says a leak in TransCanada Corp.'s Keystone oil pipeline in South Dakota likely was caused by damage during construction in 2008. The Pipeline and Hazardous Materials Safety Administration issued a corrective action report Tuesday on the estimated 210,000-...
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November 28, 2017 - 7:54 pm
ANCHORAGE, Alaska (AP) — An Italian energy company has received permission to drill oil exploration wells in U.S. Arctic waters. The Bureau of Safety and Environmental Enforcement announced Tuesday it approved an application from Eni (EN-ee) U.S. Operating Co. Inc. to drill in the Beaufort (BOH-...
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Lindsay Pace, left, of Chattanooga Tenn., testifies as as retired coal miner and mine inspector Stanley Sturgill of Lynch Ky., holds Pace's son Theo, during an Environmental Protection Agency public hearing, Tuesday, Nov. 28, 2017, at the state Capitol in Charleston, W.Va. The EPA was taking comments Tuesday and Wednesday on its proposed repeal of the Clean Power Plan, an Obama-era plan to limit planet-warming carbon emissions. Pace and Sturgill spoke against repealing the Obama administration's Clean Power Plan (Chris Dorst/Charleston Gazette-Mail via AP)
November 28, 2017 - 5:14 pm
CHARLESTON, W.Va. (AP) — After more than four decades as a coal miner, Stanley Sturgill ambled into an ornate room at West Virginia's state capitol Tuesday to deliver a stark message to the Trump administration: Climate change is real and continuing to burn the dirty fossil fuel hurts future...
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Senate Finance Committee member Sen. Tim Scott, R-S.C., front, with, from left, Sens. Patrick Toomey, R-Pa., John Cornyn, R-Texas, and Chairman Orrin Hatch, R-Utah, speaks to reporters following a meeting with President Donald Trump at the White House in Washington, Monday, Nov. 27, 2017. (AP Photo/Manuel Balce Ceneta)
November 28, 2017 - 4:22 pm
WASHINGTON (AP) — A key Senate committee advanced a sweeping tax package to the full Senate on Tuesday, handing Republican leaders a victory as they try to pass the nation's first tax overhaul in 31 years. The Senate Budget Committee voted 12-11 to advance the bill as two committee Republicans who...
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November 27, 2017 - 5:09 pm
AMHERST, S.D. (AP) — TransCanada Corp. plans to resume operation of its Keystone pipeline nearly two weeks after crews shut it down in response to an estimated 210,000-gallon oil spill in South Dakota. The company said in a statement that it will operate the pipeline at reduced pressure beginning...
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FILE - In this Friday Oct. 11, 2013, file image Director General of the The Organization for the Prohibition of Chemical Weapons Ahmet Uzumcu comments on the organization being awarded the Nobel Peace Prize, during a press conference in The Hague, Netherlands. The head of the international chemical weapons watchdog OPCW said that Russia's veto of United Nations Security Council resolutions to extend the mandate of an investigation team tasked with apportioning blame for chemical attacks in Syria "creates a gap which needs to be addressed by the international community." (AP Photo/Peter Dejong, File)
November 27, 2017 - 11:59 am
THE HAGUE, Netherlands (AP) — The United States warned Monday that efforts to uphold the global ban on the production and use of chemical weapons are at a "critical juncture" in the wake of their use during Syria's civil war. As the Syrian government and its allies seek to discredit conclusions by...
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FILE - In this Friday, Feb. 17, 2017, file photo, an American flag hangs on the front of the New York Stock Exchange. U.S. stock indexes edged higher in early trading Monday, Nov. 27, as traders returned from the Thanksgiving holiday. Banks and retailers were among the big gainers. Energy stocks lagged the most as crude oil prices headed lower. Several companies were also moving on deal news. (AP Photo/Peter Morgan, File)
November 27, 2017 - 11:35 am
U.S. stock indexes edged mostly lower in morning trading Monday as traders returned from the Thanksgiving holiday. Energy stocks were the biggest laggard as crude oil prices headed lower. Technology stocks also fell. Retailers posted solid gains on reports the holiday shopping season is off to a...
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