Oil and gas industry

Peter Salovey, President of Yale University, right, welcomes Yale University Professor William Nordhaus, one of the 2018 winners of the Nobel Prize in economics, to the podium just before speaking about the honor Monday, Oct. 8, 2018, in New Haven, Conn. Nordhaus was named for integrating climate change into long term macroeconomic analysis. (AP Photo/Craig Ruttle)
October 08, 2018 - 5:07 pm
Advocates of taxing fossil fuels believe their position is stronger now because of an alarming new report on climate change and a Nobel Prize awarded to by two American economists, but neither development is likely to break down political resistance to a carbon tax. Previous alarms about global...
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October 08, 2018 - 8:20 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 - 8:18 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 - 11:41 am
PARIS (AP) — French maritime authorities are trying to contain an apparent oil spill after two merchant ships collided in the Mediterranean Sea north of Corsica. A spokesman for the regional French maritime authority said no one was injured in Sunday's collision, and the size and exact nature of...
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October 05, 2018 - 2:30 am
ISLAMABAD (AP) — Pakistani authorities say they are in talks with Saudi Arabia to launch several mega projects, including construction of an oil refinery at the country's southwestern Gwadar port on the Arabian Sea coast. Petroleum Minister Ghulam Sarwar Khan says the country's Cabinet on Thursday...
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Filipinos stand beside the heavily damaged Mercure hotel after a massive earthquake and tsunami hit Palu, Central Sulawesi, Indonesia Thursday, Oct. 4, 2018. Life is on hold for thousands living in tents and shelters in the Indonesian city hit by a powerful earthquake and tsunami, unsure when they'll be able to rebuild and spending hours each day often futilely trying to secure necessities such as fuel for generators. (AP Photo/Aaron Favila)
October 04, 2018 - 3:35 pm
PALU, Indonesia (AP) — A French rescue team said Thursday it has detected a possible sign of life under the rubble of a hotel in Indonesia's Sulawesi island nearly a week after it was hit by a powerful earthquake and tsunami, as the death toll rose to more than 1,500. Philip Besson, a member of the...
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October 03, 2018 - 7:48 pm
BISMARCK, N.D. (AP) — A federal judge's decision on whether a year's worth of additional study of the $3.8 billion Dakota Access oil pipeline adequately addresses American Indian concerns appears weeks if not months away. The Army Corps of Engineers recently completed additional court-ordered study...
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October 03, 2018 - 11:01 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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A man stands in front of an electronic board showing the Hong Kong share index outside a local bank in Hong Kong, Wednesday, Oct. 3, 2018. (AP Photo/Vincent Yu)
October 03, 2018 - 5:53 am
SINGAPORE (AP) — Global shares were mixed Wednesday after reports suggested Italy will rein in spending after 2019, following heavy criticism of its budget plans. KEEPING SCORE: The CAC 40 in France edged 0.1 percent higher to 5,472.12 and Britain's FTSE 100 added 0.1 percent to 7,482.23. Italy's...
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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 - 4:53 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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