Oil and gas industry

July 30, 2019 - 5:47 am
LONDON (AP) — BP says second-quarter earnings were flat as increased production offset lower oil prices. Its underlying replacement cost profit — the industry's preferred measure — remained at $2.81 billion. Production rose 4% from a year earlier to the equivalent of 3.8 million barrels of oil a...
Read More
In this Sunday, July 21, 2019 photo, a speedboat of Iran's Revolutionary Guard trains a weapon toward the British-flagged oil tanker Stena Impero, which was seized in the Strait of Hormuz on Friday by the Guard, in the Iranian port of Bandar Abbas. Global stock markets were subdued Monday while the price of oil climbed as tensions in the Persian Gulf escalated after Iran's seizure of a British oil tanker on Friday. (Morteza Akhoondi/Tasnim News Agency via AP)
July 29, 2019 - 9:00 am
TEHRAN, Iran (AP) — In new video released Monday, an Iranian Revolutionary Guard officer is heard telling a British warship not to interfere or put their "life in danger" as the paramilitary force, using speedboats and a helicopter, seized a U.K.-flagged commercial vessel in the Strait of Hormuz...
Read More
The European Union's political director Helga Schmid and Iran's deputy Foreign Minister Abbas Araghchi, from left, wait for a bilateral meeting as part of the closed-door nuclear talks with Iran at a hotel in Vienna, Austria, Sunday, July 28, 2019.
July 28, 2019 - 8:01 pm
VIENNA (AP) — The Latest on tensions in the Persian Gulf and over the 2015 Iran nuclear accord (all times local): 7:30 p.m. Iranian President Hassan Rouhani has penned an open letter to Britain's new prime minister, saying he hopes the countries' diplomatic ties will be stronger under Boris Johnson...
Read More
In this Sunday, July 21, 2019 photo, a speedboat of the Iran's Revolutionary Guard moves around a British-flagged oil tanker Stena Impero which was seized in the Strait of Hormuz on Friday by the Guard, in the Iranian port of Bandar Abbas. Global stock markets were subdued Monday while the price of oil climbed as tensions in the Persian Gulf escalated after Iran's seizure of a British oil tanker on Friday. (Morteza Akhoondi/Mehr News Agency via AP)
July 27, 2019 - 1:37 pm
TEHRAN, Iran (AP) — A top Omani diplomat was in Iran on Saturday for bilateral talks after weeks of volatility over the Strait of Hormuz, the passageway for a fifth of all globally traded crude. Oman, seen as a neutral Gulf Arab country that has acted as a facilitator of talks between the U.S. and...
Read More
July 26, 2019 - 1:44 pm
LONDON (AP) — The European Investment Bank is suggesting ending loans to fossil fuel projects by the end of next year, as part of the European Union's efforts to combat climate change. In a draft policy document published Friday, the Luxembourg-based bank proposes to "phase out support to energy...
Read More
July 26, 2019 - 10:11 am
BERLIN (AP) — The company building a new gas pipeline from Russia to Germany is asking a European Union court to annul changes made this year to an EU gas directive on the grounds that they discriminate against the project. The changes introduced in April extended the rules governing the EU's...
Read More
In this Sunday, July 21, 2019 photo, a speedboat of the Iran's Revolutionary Guard moves around a British-flagged oil tanker Stena Impero which was seized in the Strait of Hormuz on Friday by the Guard, in the Iranian port of Bandar Abbas. Global stock markets were subdued Monday while the price of oil climbed as tensions in the Persian Gulf escalated after Iran's seizure of a British oil tanker on Friday. (Morteza Akhoondi/Mehr News Agency via AP)
July 25, 2019 - 12:10 pm
LONDON (AP) — The U.K. government is offering British-flagged ships traveling through the Strait of Hormuz a Royal Navy escort after Iran seized a British oil tanker in the busy waterway last week. The Department for Transport said on Thursday that if ships give advance notice of their plans they...
Read More
In this photo released by the office of the Iranian Presidency, President Hassan Rouhani speaks in a cabinet meeting in Tehran, Iran, Wednesday, July 24, 2019. President Hassan Rouhani suggested on Wednesday that Iran might release a U.K.-flagged ship if Britain takes similar steps to release an Iranian oil tanker seized by the British Royal Navy off Gibraltar earlier this month. (Iranian Presidency Office via AP)
July 24, 2019 - 1:04 pm
TEHRAN, Iran (AP) — President Hassan Rouhani suggested on Wednesday that Iran might release a U.K.-flagged ship if Britain takes similar steps to release an Iranian oil tanker seized by the British Royal Navy off Gibraltar earlier this month. His remarks could create an opening to reduce tensions...
Read More
A speedboat of the Iran's Revolutionary Guard moves around a British-flagged oil tanker Stena Impero, which was seized on Friday by the Guard, in the Iranian port of Bandar Abbas, Sunday, July 21, 2019. Iranian officials say the seizure of the British oil tanker was a justified response to Britain's role in impounding an Iranian supertanker two weeks earlier off the coast of Gibraltar, a British territory located on the southern tip of Spain. (Hasan Shirvani/Mizan News Agency via AP)
July 23, 2019 - 10:31 pm
PARIS (AP) — French authorities in a meeting Tuesday with an Iranian envoy stressed the need for Tehran to quickly respect the 2015 nuclear accord it has breached and "make the needed gestures" to deescalate mounting tensions in the Persian Gulf region. A statement by the French Foreign Ministry...
Read More
A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, July 23, 2019. Asian stock markets rose on Tuesday on optimism over possible new U.S.-China talks despite rising Middle East tensions. (AP Photo/Koji Sasahara)
July 23, 2019 - 7:43 am
BEIJING (AP) — Global stock markets rose Tuesday on optimism over the potential re-opening of U.S.-China trade talks and despite heightened Middle East tensions. U.S. Treasury Secretary Steven Mnuchin suggested last week that trade envoys might meet in person following two rounds of phone...
Read More

Pages