News / International

US Courts Still in Deadlock Over BP Spill-Size Decision

The U.S. is fighting a judge’s decision that shaved more than $4 billion off the maximum pollution penalties BP Plc must pay for its 2010 Gulf of Mexico disaster, the biggest offshore oil discharge in U.S. history.

Haynesville Shale Gas Makes a Comback After Low Drilling Costs

Natural gas output from the Haynesville deposit in Louisiana, which lost the crown as the nation’s biggest source of gas from shale two years ago, is growing again as drilling costs decline.

Russia to Discuss Prices, US Shale Oil at June OPEC Summit

Russia said on Wednesday it would meet OPEC in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the U.S. energy boom.

Gazpromneft Drills Prospecting-and-Appraisal Well in Orenburg Oblast

Gazpromneft Orenburg has begun geological prospecting at the Kuvayskoye area, the licence for which it acquired at the end of 2014.

War-Torn Iraq Suffers Low Prices, Oil Debt and Turkish Swap

Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in OPEC's second-largest producer.

US Changes Iran Sanctions Verdict over Belarusian Oil Company

The United States has removed a Belarusian oil company with previous cooperation with Iran off its sanctions list.

Libya in Risk of Collapse Due to Battles for Oil

In the first of a series of exclusive reports from Ruth Sherlock in Libya, the resource-rich country's oil minister warns that it will run out of money in 18 months as post-Gaddafi anarchy threatens to turn it into "another Somalia".

Jordan Making Progress Over Carbon Emissions, Energy Efficiency

The Aqaba Container Terminal Company is working with Jordan Advanced Alternative Energy and Transport Solutions (Jo-Adv) to save energy and cut emissions using the Canadian Tadger technology.

London as Global Operations HQ for Gulf Petrochem

UAE-based Gulf Petrochem Group has opened its new trading office in London, UK, as part of its global expansion plans and has appointed Neil Lamerton as the global head of its bunkering division based in the London office.

Five-Star Oil Baron Donations for Cancer Patient Charity

More than 2,000 professionals offered donations to the UAE-based Friends of Cancer Patients (FoCP) at the12th Annual Oil Barons Charity Ball in Abu Dhabi, UAE yesterday (March 10).

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