Oil and gas industry

This satellite image provided by the Department of Justice shows what the DoJ says is the North Korean cargo ship Wise Honest docked at a unknown port. The Trump administration has seized the North Korean cargo ship used to supply coal to the isolated nation in violation of international sanctions, law enforcement officials said Thursday, May 9, 2019. The seizure of the vessel, detained last month in Indonesia, comes at a delicate moment between the two countries. (Department of Justice via AP)
May 10, 2019 - 4:21 am
SEOUL, South Korea (AP) — The United States has made a highly unusual seizure of a huge North Korean cargo ship involved in banned coal transports. But it's nothing new for North Korea, which has long gone to extraordinary lengths to bypass crippling U.N. sanctions and earn the impoverished nation...
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This June 12, 2017 photo shows pumpjacks operating in the western edge of California's Central Valley northwest of Bakersfield. The federal government wants to reopen over 1.7 million acres (690,000 hectacres) in California to oil and gas drilling that includes fracking on land that has been off-limits since environmentalists sued in 2013. The Bureau of Land Management issued final plans Thursday, May 9, 2019 for oil and gas leases on 800,000 acres (324,000 hectacres) of federal land mainly between the Central Coast and Central Valley. (AP Photo/Brian Melley)
May 09, 2019 - 8:42 pm
LOS ANGELES (AP) — The U.S. government moved Thursday toward allowing new oil and gas drilling on wide swaths of federal land in California that has been off-limits since environmentalists sued in 2013. The Bureau of Land Management issued final plans for oil and gas leases on about 800,000 acres (...
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FILE - In this April 12, 2019, file photo the logo for Anadarko Petroleum Corp. appears above a trading post on the floor of the New York Stock Exchange. Warren Buffet’s Berkshire Hathaway is financing a bid by Occidental Petroleum for Anadarko, potentially upending Chevron’s $33 billion offer for the energy company. Anadarko and Chevron signed a merger agreement earlier this month, but Anadarko Petroleum said Monday, April 29, that it is now considering an offer from Occidental worth about $57 billion in cash and stock. (AP Photo/Richard Drew, File)
May 09, 2019 - 8:29 pm
DALLAS (AP) — Occidental Petroleum wrapped up a $38 billion deal to acquire Anadarko on Thursday after Chevron declined to sweeten its offer, ending a rare bidding war in the oil patch. The deal gives Occidental access to Anadarko's rich holdings in the Permian Basin of west Texas and New Mexico,...
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May 09, 2019 - 3:59 pm
MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador said Thursday that international companies invited to bid on the construction of a new oil refinery did not meet requirements for cost and time, so the government will take on the project. Energy Secretary Rocío Nahle will run the...
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FILE - In this May 31, 2012 file photo, an Iranian worker cuts a steel roll at the Mobarakeh Steel Complex, some 280 miles (460 kilometers) south of the capital Tehran, and some 40 miles, 65 kilometers, southwest of central Iranian city of Isfahan. President Donald Trump ordered new sanctions on Iran Wednesday targeting Iran's steel, aluminum, copper and iron sectors, which provide foreign currency earnings for the nation's sagging economy. (AP Photo/Vahid Salemi, File)
May 09, 2019 - 12:55 pm
TEHRAN, Iran (AP) — U.S. sanctions have targeted Iran's government, its paramilitary forces and the oil exports that fund them. Now they are hitting its vital steel, aluminum, copper and iron industries. The new sanctions, imposed as Tehran announced its partial withdrawal from its 2015 nuclear...
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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 - 7:05 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 - 6:28 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 - 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 - 8:03 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 - 3:36 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 Thursday, Jan. 12, 2017 file photo, laborers walk in the Nihran Bin Omar field north near Basra, Iraq. Prime Minister Adel Abdul-Mahdi said Tuesday, May 7, 2019 that he has instructed Iraq's Oil Ministry to finalize an agreement with global energy giants ExxonMobil and PetroChina to lead a $53 billion megaproject to boost oil production. (AP Photo/Nabil al-Jurani, File)
May 07, 2019 - 12:41 pm
BAGHDAD (AP) — Iraq is planning a $53 billion megaproject with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production, Prime Minister Adel Abdul-Mahdi announced Tuesday. The 30-year project would boost output from Iraq's southern oil fields, and...
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