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Mexico to offer farm-out on deep water field in Gulf

Mexico, Pemex

MEXICO CITY (AP) — Mexico’s state-owned oil company announced Friday it will offer a farm-out arrangement to private firms to join in the exploration of a deep-water field in the Gulf of Mexico. It would be the first time that Petroleos Mexicanos has formed an association with a private firm for deep-water drilling. Pemex Director Jose Antonio Gonzalez called it ...

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Germany’s Merkel meets Chinese premier amid trade worries

BEIJING (AP) — China recognizes European concerns about overcapacity in its steel sector, but believes that is a symptom of the falloff in global demand, Chinese Premier Li Keqiang said Monday. Speaking to visiting German Chancellor Angela Merkel, Li appeared eager to counter criticisms that a glut of Chinese steel exports is overwhelming producers in overseas markets including Germany, Britain ...

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Costa Rica puts finishing touches on hydroelectric power dam

SIQUIRRES DE LIMON, Costa Rica (AP) — Costa Rica is putting the finishing touches on the largest hydroelectric power project in Central America, as the last generators come on line. The Reventazon dam is expected to produce 305.5 megawatts of electricity, enough to power about 525,000 homes. The government electricity board says the project is 99 percent completed, with two ...

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Militants claim blast of another Nigeria oil pipeline

Nigeria pipeline attack

WARRI, Nigeria (AP) — Nigerian militants say they have blown up another crude pipeline owned by Italian oil company Agip. The Niger Delta Avengers announced the early-morning blast in Bayelsa state in a tweet Friday. The latest blast comes a few days after the militants rejected the government’s offer of peace talks. Nigeria’s government had ordered the military to halt ...

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Scientists turn carbon dioxide into harmless stone

carbon dioxide

WASHINGTON (AP) — Scientists have a found a quick way — but not a cheap one — to turn heat-trapping carbon dioxide gas into harmless rock. Experts say the results of a two-year, $10 million experiment called CarbFix , conducted about one-third of a mile (540 meters) deep in the rocks of Iceland, offer new hope for an effective weapon ...

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Mexico gets first non-Pemex gas station in almost 8 decades

MEXICO CITY (AP) — For the first time in nearly eight decades, the ubiquitous Pemex gas stations have competition along Mexico’s highways and city streets. Two companies have opened three gas stations under their own brands, breaking one of the state-owned petroleum company’s last monopolies. Opening the retail sector to competition was part of energy reforms passed in 2014. Mexico’s ...

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