Oil and gas industry

July 29, 2017 - 8:46 am
TEHRAN, Iran (AP) — Iran's elite Revolutionary Guard said Saturday a U.S. Navy aircraft carrier fired a warning shot in an "unprofessional" confrontation with Iranian vessels, the official IRNA news agency reported. IRNA quoted a statement from the Guard as saying that the USS Nimitz and an...
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July 29, 2017 - 5:03 am
TEHRAN, Iran (AP) — Iran's elite Revolutionary Guard said Saturday a U.S. Navy aircraft carrier fired a warning shot in an "unprofessional" confrontation with Iranian vessels, the official IRNA news agency reported. IRNA quoted a statement from the Guard as saying that the USS Nimitz and an...
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FILE - In this Dec. 9, 2015, file pool photo, crews work on a relief well at the Aliso Canyon facility above the Porter Ranch area of Los Angeles. A California judge denied a motion to halt the reopening of the massive natural gas storage facility in Los Angeles County that has been offline since a major blowout. Lawyers for the county had asked Superior Court Judge John Wiley to stop Southern California Gas Co. from restarting operations at Aliso Canyon because of earthquake risks. The judge tentatively ruled against the county on Friday, July 28, 2017, according to court filings made public before a hearing. He made the ruling final during the hearing. (Dean Musgrove /Los Angeles Daily News via AP, Pool, File)
July 28, 2017 - 11:00 pm
LOS ANGELES (AP) — A California appeals court judge temporarily blocked a Los Angeles natural gas storage facility Friday from reopening a year and a half after a major blowout spewed methane that drove thousands of families from their homes. The order late in the day by Associate Justice Lamar...
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This April 25, 2017, photo, shows Exxon service station signs in Nashville, Tenn. Exxon Mobil Corp. reports earnings, Friday, July 28, 2017. (AP Photo/Mark Humphrey)
July 28, 2017 - 9:37 am
IRVING, Texas (AP) — Exxon Mobil Corp. cut spending on oil exploration, helping boost earnings to $3.35 billion in the second quarter, doubling its historically low profit of a year ago. Profit rose for both production of oil and gas and Exxon's refining business. The results, however, still fell...
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Sen. John McCain, R-Ariz., speaks to reporters on Capitol Hill in Washington, Thursday, July 27, 2017. The Senate voted decisively to approve a new package of stiff financial sanctions against Russia, Iran and North Korea, sending the popular bill to President Donald Trump for his signature after weeks of intense negotiations. The legislation is aimed at punishing Moscow for meddling in the 2016 presidential election and its military aggression in Ukraine and Syria, where the Kremlin has backed President Bashar Assad. McCain said the bill’s passage was long overdue, a jab at Trump and the GOP-controlled Congress. McCain, chairman of the Armed Services Committee, has called Putin a murderer and a thug.(AP Photo/Cliff Owen)
July 28, 2017 - 3:58 am
WASHINGTON (AP) — The Senate's decisive vote to approve a new package of stiff financial sanctions against Russia, Iran and North Korea sends the popular bill to President Donald Trump, who will be under pressure to sign it after weeks of intense negotiations. Trump's likelihood of supporting the...
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July 28, 2017 - 3:31 am
LOS ANGELES (AP) — The fight over reopening a massive gas storage facility that has been crippled since a major blowout is heading to court. Lawyers for Los Angeles County will ask a Superior Court judge Friday to stop Southern California Gas Co. from restarting operations at Aliso Canyon because...
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July 27, 2017 - 5:09 am
MADRID (AP) — Spanish energy company Repsol says strong production and efficiency improvements drove a 65.3 percent increase in net profit in the first half of the year. Repsol said Thursday that profit for the January-June period reached 1.05 billion euros ($1.23 billion) compared with 639 million...
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July 27, 2017 - 2:50 am
LONDON (AP) — Royal Dutch Shell says second-quarter earnings more than tripled as it benefited from a cost-cutting drive and recovering oil prices. The Anglo-Dutch energy giant said Thursday that profit adjusted for changes in the value of inventories and excluding one-time items rose to $3.60...
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FILE -- In this May 21, 2017, file photo released by the Saudi Press Agency, from left to right: Egyptian President Abdel Fattah al-Sissi; Saudi King Salman; U.S. First Lady Melania Trump; and President Donald Trump; visit the Global Center for Combating Extremist Ideology, in Riyadh, Saudi Arabia. Six months into his presidency, Donald Trump has made clear who he considers to be his friends, and his foes, on the international stage. (Saudi Press Agency via AP, File)
July 27, 2017 - 1:11 am
Are you a friend or foe? That seems to be uppermost in President Donald Trump's approach to foreign policy in the first six months of office. The probe at home into Russian interference in the 2016 U.S. election continues to be a thorn in his side, bedeviling Trump's apparent desire to have warm...
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Motorcyclists and vehicles stand in long queue for fuel, which is short due to an oil tankers strike at a fuel station in Islamabad, Pakistan, Wednesday, July 26, 2017. A strike by oil tanker operators has created a shortage of petroleum products in Pakistan, causing panic among people who are lining up at gas stations to make bulk purchases of petrol and diesel. (AP Photo/Anjum Naveed)
July 26, 2017 - 5:19 am
ISLAMABAD (AP) — A strike by oil tanker operators has created a shortage of petroleum products in Pakistan, causing panic among people who are lining up at gas stations to make bulk purchases of petrol and diesel. Operators say the protest is a response to tougher measures imposed by transportation...
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