Energy in America

ExxonMobil to drill off coast of Cyprus; Turkey protests

ExxonMobil will search for natural gas off the cost of Cyprus by the end of the year, a top executive said Friday, as Turkey renewed warnings against resource exploration in seas where it says it infringes on its rights and those of breakaway Turkish Cypriots.

Saudi Arabia in discussions on oil refinery in Pakistan

Pakistani authorities say they are in talks with Saudi Arabia to launch several mega projects, including construction of an oil refinery at the country's southwestern Gwadar port on the Arabian Sea coast.

Business Highlights

Rising interest rates send stocks skidding; tech plunges NEW YORK (AP) — Global stocks fell Thursday as interest rates in the U.S. continued to rise.

Judge's ruling may remove roadblock to oil refinery

A North Dakota judge has finalized his recent conclusion that state regulators don't have a say in the site of an $800 million oil refinery being developed near Theodore Roosevelt National Park, potentially removing a roadblock to the project.

Business Highlights

___ GM, Honda team up to produce self-driving vehicle General Motors and Honda are teaming up on self-driving vehicle technology as big automakers and tech giants race to develop the next generation of personal transportation.

Putin hopes Europe will resist US pressure on pipeline

Russian President Vladimir Putin has defended a prospective Russia-Germany natural gas pipeline as economically feasible and voiced hope that European Union nations will be able to resist U.S. pressure to thwart the project.

The Latest: Advocacy groups clash over oil pipeline deal

The Latest on an agreement to replace oil pipelines in a crucial Great Lakes channel (all times local): 12:20 p.m. Michigan officials and Enbridge have reached a deal on replacing 65-year-old twin oil pipelines that critics describe as a serious threat to the Great Lakes.

Michigan officials, company reach oil pipeline deal

Michigan Gov. Rick Snyder's administration and Canadian pipeline giant Enbridge have agreed to replace twin 65-year-old crude oil pipes in a channel linking two of the Great Lakes with another that would run through a tunnel far below the lake bed, officials told The Associated Press.