Oil and gas industry

August 02, 2020 - 6:38 pm
MEXICO CITY (AP) — Mexican police and military forces on Sunday arrested the leader of the Santa Rosa de Lima gang who spread violence through north-central Mexico and fought a years-long bloody turf battle with the Jalisco cartel. The armed forces and officials in the state of Guanajuato said they...
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FILE - In this June 30, 2020, file photo Rep. Adam Schiff, D-Calif., Chairman of the House Intelligence Committee, right, listens as Rep. Eliot Engel, D-N.Y., Chairman of the House Committee on Foreign Affairs, speaks during a news conference on Capitol Hill, after a meeting at the White House in Washington. The House Foreign Affairs Committee has subpoenaed Secretary of State Mike Pompeo for documents he turned over to a Senate panel that is investigating Hunter Biden, the son of Democratic presidential candidate Joe Biden. Engel said Friday, July 31, he had issued the subpoena as part an investigation into Pompeo's “apparent use of Department of State resources to advance a political smear of former Vice President Joe Biden.” (AP Photo/Alex Brandon, File)
July 31, 2020 - 4:29 pm
WASHINGTON (AP) — The House Foreign Affairs Committee has subpoenaed Secretary of State Mike Pompeo for documents he turned over to a Senate panel that is investigating Hunter Biden, a son of Democratic presidential candidate Joe Biden. Committee Chair Eliot Engel said Friday he had issued the...
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FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Exxon lost $1.1 billion in the second quarter, Friday, July 31, 2020, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world. (AP Photo/Richard Drew, File)
July 31, 2020 - 1:53 pm
NEW YORK (AP) — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving,...
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A man lifts his arm as he walks by the New York Stock Exchange, Thursday, July 30, 2020. Stocks are falling on Wall Street Thursday after reports showed that layoffs are continuing at a stubborn pace and that the U.S. economy contracted at a nearly 33% annual rate in the spring. (AP Photo/Mark Lennihan)
July 31, 2020 - 12:16 am
TOKYO (AP) — Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record. Earnings reports, a gauge of how well businesses are managing the fallout...
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President Donald Trump adjusts his jacket as he stands with Double Eagle Energy co-CEOs Cody Campbell, left, and John Sellers, right before viewing the Double Eagle Energy Oil Rig, Wednesday, July 29, 2020, in Midland, Texas. (AP Photo/Evan Vucci)
July 29, 2020 - 8:21 pm
MIDLAND, Texas (AP) — President Donald Trump took sweeping digs at “crazy left radical Democrats” on a trip Wednesday to the fracking fields of West Texas, launching unsubstantiated claims that a Democratic administration would destroy everything from the country's suburbs to the U.S. energy...
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FILE - This April 26, 2020, file photo shows empty lanes of the 110 Arroyo Seco Parkway that leads to downtown Los Angeles during the coronavirus outbreak in Los Angeles, Calif. A record drop in U.S. energy consumption this spring was driven by less demand for coal that's burned for electricity and oil that's refined into gasoline and jet fuel. (AP Photo/Mark J. Terrill, File)
July 29, 2020 - 5:20 pm
BILLINGS, Mont. (AP) — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported Wednesday. The drop was driven by less demand for coal that is burned for electricity and...
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In this Tuesday, July 28, 2020, satellite photo provided by Maxar Technologies, a mockup aircraft carrier built by Iran is seen damaged in the Strait of Hormuz amid a live-fire drill conducted by Iran's Revolutionary Guard. The Guard fired a missile from a helicopter targeting a replica aircraft carrier in the strategic Strait of Hormuz, state television reported on Tuesday, an exercise aimed at threatening the U.S. amid tensions between Tehran and Washington. (Maxar Technologies via AP)
July 28, 2020 - 10:13 am
TEHRAN, Iran (AP) — Iran's paramilitary Revolutionary Guard fired a missile from a helicopter targeting a replica aircraft carrier in the strategic Strait of Hormuz, state television reported on Tuesday, an exercise aimed at threatening the U.S. amid tensions between Tehran and Washington. The...
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FILE - In this July 29, 2017, file photo provided by South Korea Defense Ministry, South Korea's Hyunmoo II Missile system, left, and a U.S. Army Tactical Missile System, right, fire missiles during a combined military exercise between the two countries against North Korea at an undisclosed location in South Korea. South Korea said Tuesday, July 28, 2020, it has won U.S. consent to use solid fuel for space launch vehicles, a move that experts say would enable Seoul to launch its first surveillance satellites and accumulate technology to build more powerful missiles. (South Korea Defense Ministry via AP, File)
July 28, 2020 - 7:16 am
SEOUL, South Korea (AP) — South Korea said Tuesday it has won U.S. consent to use solid fuel for space launch vehicles, a move that is expected to enable Seoul to launch its first surveillance satellites and acquire technology to build more powerful missiles. Solid fuel offers greater mobility for...
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July 28, 2020 - 5:52 am
ISTANBUL (AP) — A top Turkish official said Tuesday that Turkey will suspend research for oil and gas exploration in disputed waters in the Eastern Mediterranean. President Recep Tayyip Erdogan told his aides to “be constructive and put this on hold for some time,” presidential spokesman Ibrahim...
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FILE- In this July 24, 2020, file photo President Donald Trump speaks during an event to sign executive orders on lowering drug prices, in the South Court Auditorium in the White House complex in Washington. Trump is working overtime to solidify his image as a champion regulation-cutter in the leadup to the November election. (AP Photo/Alex Brandon, File)
July 25, 2020 - 11:01 am
WASHINGTON (AP) — President Donald Trump is positioning himself as a champion regulation-cutter in the leadup to the Nov. 3 election, but in between his showy red-tape-cutting events, his deregulatory agenda is taking a beating in the courts. One day, he’s hailing a massive rollback to one of the...
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