Oil and gas industry

The Citroen e-C4 all electric hatchback is display during a media presentation in Paris, Tuesday, June 30, 2020. PSA Group's Citroen Brand is showing off a new version of its C4 compact hatchback, a model that will be key to the company's sales prospects as it faces a highly competitive European car market that faces severe headwinds from the coronavirus. (AP Photo/Michel Euler)
June 30, 2020 - 3:01 pm
FRANKFURT, Germany (AP) — PSA Group unveiled one of its most important new models Tuesday with 20 people physically present and 2,600 watching online - a marketing configuration that the coronavirus seems likely to accelerate across the industry now that next year's Geneva auto show was cancelled...
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House Speaker Nancy Pelosi of Calif., speaks at a news conference on Capitol Hill in Washington, Friday, June 26, 2020. (AP Photo/Carolyn Kaster)
June 30, 2020 - 2:48 pm
WASHINGTON (AP) — House Democrats on Tuesday unveiled a plan to address climate change that would set a goal of net-zero greenhouse gas emissions by 2050, while pushing renewable energy such as wind and solar power and addressing environmental injustice that harms low-income and minority...
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FILE - In this Aug. 17, 2017 file photo, Emilio Lozoya, former head of Mexico's state-owned oil company Pemex, gives a press conference in Mexico City. Lozoya, who was arrested in February 2020 by Spanish police on an international warrant issued by Mexico, has dropped his extradition fight and agreed to return to Mexico to cooperate in corruption investigations, according to Attorney General Alejandro Gertz Manero on Tuesday, June 30, 2020. (AP Photo/Gustavo Martinez Contreras, File)
June 30, 2020 - 12:18 pm
MEXICO CITY (AP) — The former head of Mexico’s state oil company has dropped his extradition fight and agreed to return to Mexico to cooperate in corruption investigations, Attorney General Alejandro Gertz Manero said Tuesday. Spanish police arrested Emilio Lozoya in the southern city of Malaga in...
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June 30, 2020 - 9:39 am
LONDON (AP) — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. With the virus outbreak hurting the long-term prospects of the global economy, the company said it continues “to...
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June 30, 2020 - 8:09 am
MIAMI (AP) — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on Venezuela. The commercial dispute, which hasn’t been previously...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, June 30, 2020. Asian shares are rising, cheered by a rally on Wally Street that underlined some optimism about global business performance despite the ongoing coronavirus pandemic. (AP Photo/Vincent Yu)
June 29, 2020 - 11:27 pm
TOKYO (AP) — Asian shares rose Tuesday, cheered by a rally on Wally Street reflecting some optimism over stronger than expected economic data, despite widening coronavirus outbreaks. Japan's benchmark Nikkei 225 gained 1.8% in morning trading to 22,380.02. South Korea's Kospi gained 1.5% to 2,123...
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June 29, 2020 - 11:36 am
BRUSSELS (AP) — The European Union on Monday prolonged economic sanctions against Russia for six months for failing to live up to its commitments to the peace agreement in Ukraine. The measures target Russia’s financial, energy and defense sectors, as well as goods that can be used for both...
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FILE - This Tuesday, Aug. 1, 2017 file photo shows the BP logo at a petrol station in London. Energy company BP is writing off as much as $17.5 billion from its oil and gas assets and will review its plans to develop oil wells as the COVID-19 pandemic accelerates its goal of decreasing its reliance on fossil fuels. (AP Photo/Caroline Spiezio, File)
June 29, 2020 - 8:13 am
LONDON (AP) — Oil and gas company BP has sold its global petrochemicals business to Ineos for $5 billion, part of its plan to shift activities to renewable sources of energy. The company said in a statement Monday that the overlap of the petrochemicals business with the rest of the company is “...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 29, 2020. Shares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings. (AP Photo/Eugene Hoshiko)
June 28, 2020 - 11:56 pm
BANGKOK (AP) — Shares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings. Tokyo’s Nikkei 225 index lost 1.3% in early trading. Shares also fell in Hong Kong, Sydney, Shanghai and South Korea. Investors have been...
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FILE - In this April 23, 2010, file photo, workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa., in Bradford County. Chesapeake Energy, a shale drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection. The Oklahoma City-based company said Sunday, June 28, 2020, that it was a necessary decision given its debt. Its debt load is currently nearing $9 billion. (AP Photo/Ralph Wilson, File)
June 28, 2020 - 7:04 pm
NEW YORK (AP) — Chesapeake Energy, a shale drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection. The Oklahoma City-based company said Sunday that it was a necessary decision given its debt. Its debt load is currently nearing $9...
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