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.
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 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.
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.
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".
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.
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.
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).