News / International
S. Sudan oil shutdown continues after talks fail
The presidents of Sudan and South Sudan failed Friday to resolve an oil dispute that has led to the shutdown of the South's crude output and threatened both countries' economies. Sudan says to release ships seized from S.Sudan
Sudan said on Saturday it would free tankers carrying cargoes of South Sudanese crude it had seized earlier this month, in a push to defuse a row over transit fees between former civil war foes that both depend on oil for almost all their income. Iran Says It May Cut Off Its Oil Exports to Europe
Iran struck a combative tone Thursday in its confrontation with the West over the nuclear issue, threatening to terminate oil exports to European nations even before their embargo takes effect this summer. BP fails to shift $15 billion oil spill costs onto Transocean
Oil giant BP has lost its attempt to shift over $15 billion (9 billion pounds) of costs related to the Gulf of Mexico oil spill onto contractor Transocean, increasing the possibility BP may have to foot the entire $42 billion clean up bill. Chevron to face charges over Brazil spill
A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill. Sudan and South Sudan leaders bid to defuse oil dispute
The presidents of Sudan and South Sudan are meeting in the Ethiopian capital Addis Ababa to discuss a deepening crisis over sharing their oil wealth Iraq, Shell New Venture to Boost Gas Output in 2012
A joint venture between Iraq, Royal Dutch Shell plc and Mitsubishi Corp. to capture and process huge volumes of gas flared from its giant southern oil fields is expected to start production this year, a senior Iraqi oil ministry official said here Thursday. Libyan oil output hits 1.3 million bpd: NOC
Oil production in Libya has reached 1.3 million barrels per day, the state-owned National Oil Corporation said Thursday, as the North African nation eyes a return to its output before Moamer Kadhafi's ouster. 
