Oil and gas exploration and extraction

November 21, 2018 - 11:08 am
LONDON (AP) — Auctioneer Sotheby's says it plans to sell a Rembrandt portrait with a difference: the artist's fingerprints may be preserved in the paint. George Gordon, Sotheby's co-chairman of Old Masters, says the prints were discovered during examination and restoration of the oil sketch "Study...
Read More
FILE - In this May 14, 2015, file photo, the oil drilling rig Polar Pioneer is towed toward a dock in Elliott Bay in Seattle. Sharply lower oil prices are sending ripples through the global economy, lending more spending power to consumers _ particularly for Americans’ big holiday shopping spree _ but potentially dampening investment in U.S. oil production. (AP Photo/Elaine Thompson, File)
November 21, 2018 - 9:03 am
FRANKFURT, Germany (AP) — Holiday shoppers should enjoy more spending power thanks to the recent sharp drop in oil prices, though cheaper energy could also weigh on the U.S. economy by dampening investment in shale oil production. While the fall in oil prices doesn't yet match the 2014-2016 slump...
Read More
FILE- In this Friday, Nov. 9, 2018, file photo trader Vincent Napolitano, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 20. (AP Photo/Richard Drew, File)
November 20, 2018 - 4:04 pm
NEW YORK (AP) — Stocks dropped again Tuesday as losses mounted for the world's largest technology companies. Retailers also fell, and energy companies plunged with oil prices as the market sank back into the red for the year. Oil prices tumbled another 6.6 percent as Wall Street reacted to rising...
Read More
Chinese President Xi Jinping waves upon arrival at the Ninoy Aquino International Airport in suburban Pasay city, southeast of Manila, Philippines, Tuesday, Nov. 20, 2018. Xi visited the Philippines for the first time to deepen ties with America's ally. (AP Photo/Bullit Marquez)
November 20, 2018 - 12:07 am
MANILA, Philippines (AP) — Chinese President Xi Jinping received a red-carpet welcome in the Philippines on Tuesday, as he paid his first visit to the U.S. treaty ally with offers of infrastructure loans and new accords to prevent clashes and possibly explore for oil and gas in the disputed South...
Read More
FILE- In this Sept. 27, 2018, file photo United Auto Workers' assemblyman Charles Patterson installs trim on a 2018 Ford F-150 truck on the assembly line at the Ford Rouge assembly plant in Dearborn, Mich. On Friday, Nov. 16, the Federal Reserve reports on U.S. industrial production for October. (AP Photo/Carlos Osorio, File)
November 16, 2018 - 11:07 am
WASHINGTON (AP) — U.S. industry expanded slightly in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up a modest 0.1 percent last month, the Federal Reserve reported Friday. It was the fifth straight monthly gain and left output...
Read More
November 13, 2018 - 12:18 am
DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday. The...
Read More
A Cypriot soldier removes the barbed-wire that blocked the road, at a newly-opened crossing point between ethnically split Cyprus' internationally recognized south and the breakaway, Turkish Cypriot north at the southeastern village of Dherynia on Monday, Nov. 12, 2018. A few hundred Greek Cypriots and Turkish Cypriots walked through a newly opened crossing point in the southeastern village of Dherynia in what peace activists are hailing as further breaking down barriers on ethnically divided Cyprus. (AP Photo/Petros Karadjias)
November 12, 2018 - 3:00 pm
NICOSIA, Cyprus (AP) — An accord reunifying ethnically split Cyprus could unlock a deal to convey gas discovered in fields off Israel, Egypt and Cyprus to markets through neighboring Turkey's existing pipeline network, the leader of the island's breakaway Turkish Cypriots said Monday. Mustafa...
Read More
Saudi Aramco President Amin al-Nasser, left, shakes hands with Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO after they signed a contract in the opening day of the Abu Dhabi International Exhibition & Conference, ADIPEC, in Abu Dhabi, United Arab Emirates, Monday, Nov. 12, 2018. OPEC and allied oil-producing countries likely need to cut crude supplies to rebalance the market after proposed U.S. sanctions on Iran failed to cut Tehran's ouput, top Saudi and Emirati energy officials said Monday. (AP Photo/Kamran Jebreili)
November 12, 2018 - 4:47 am
ABU DHABI, United Arab Emirates (AP) — OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps as much as 1 million barrels of oil a day, to rebalance the market after proposed U.S. sanctions on Iran failed to cut Tehran's output, Saudi Arabia's energy minister said...
Read More
FILE- This April 25, 2017, file photo, shows an Exxon service station sign in Nashville, Tenn. Exxon Mobil Corp. reports earnings Friday, Nov. 2, 2018. (AP Photo/Mark Humphrey, File)
November 02, 2018 - 3:28 pm
DALLAS (AP) — Higher oil prices propelled Exxon's third-quarter profit up 57 percent to $6.24 billion despite another drop in production. It was Exxon's best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back. Rival...
Read More
November 01, 2018 - 1:00 pm
The United States is pumping record amounts of oil, vaulting over Russia to become the world's biggest producer of crude. The Energy Information Administration said Thursday that the U.S. produced more than 11.3 million barrels a day in August, a 4 percent increase over the old record set in July...
Read More