The last few days have…
The European Union has transferred…
The World Bank's latest report…
Two of French Total SA’s five refineries in France have cut production after a CGT union led a nationwide strike opposing a controversial labor law that will make…
Al Shaer, one of Syria’s largest gas fields, was rocked by powerful explosions on Monday, attributed to the Islamic State. The Islamic State was fighting Syrian government troops…
Royal Dutch Shell plc (NYSE:RDS.A) is divesting US$40 billion in non-core assets in its attempt to cut capital expenditures and raise cash in a desperate attempt to right…
The Alberta wildfire shifted back toward oil sands facilities north of Fort McMurray on Monday, forcing a new round of evacuations for thousands of workers who have been…
The U.S. Supreme Court will not hear an appeal by ExxonMobil to overturn a $236-million verdict against the company for decade-old water contamination charges in New Hampshire. On…
Oklahoma-based SandRidge Energy and California-based Breitburn Energy have both filed for Chapter 11 bankruptcy this week, making them the third and fourth independent oil company bankruptcies…
As Libya prepares to resume oil exports from the blockaded port of Hariga amid a month-long standoff between rival governments seeking over control of the country’s oil wealth,…
Texas-based Range Resources has reportedly agreed to buy its smaller rival, Memorial Resource Development Corp., in an all-stock deal valued at U.S. $3.3 billion. According to the deal,…
Blaming what he called a US-backed plot to undermine his authority, Venezuelan President Nicolas Maduro has decreed a 60-day state of emergency and ordered the state seizure of…
Iranian lawmakers are moving closer to approving a lawsuit against the United States to seek compensation for damage inflicted by Washington’s “hostile moves over the past 63 years”.…
The oil discharge of more than 2,000 oil barrels from an underwater pipe operated by Shell in the Gulf of Mexico is unlikely to contaminate the shoreline, Shell…
The Gulf states of Bahrain, Oman and the world’s largest oil producer, Saudi Arabia, have seen had their credit ratings downgraded by Moody’s as low oil prices…
French energy giant Total SA has officially cut the red tape on a US$5-billion gas processing plant on the British Shetland Islands that will eventually produce enough energy…
A former Scottish minister alleges in a new book that the UK Government was desperate enough for Libyan oil to have sought to trade a convicted Lockerbie bomber…
Goldman Sachs is now buying and selling enough natural gas to make it one of the key players on the market—even reportedly overtaking oil major Exxon Mobil and Chevron and…
The Islamic State (ISIS) has claimed responsibility for a Sunday assault on a natural gas plant in the Iraqi capital, Baghdad, in which at least 14 people were killed…
At the start of May, an unusual trial concluded in Dagestan. Regional authorities charged the republic’s former deputy prime minister, Magomedgusen Nasrutdinov, with fraud and sentenced…
Russia’s economic grip over Armenia may be loosening ever so slightly, highlighted by Moscow’s diminishing role in the South Caucasus country’s power sector. Russian gained control…
Six Saudi officials are believed to have actively supported al-Qaida members in the run-up to the 9/11 attacks on America, former 9/11 Commission member and investigator…
Canadian oil and gas producer Encana is reportedly planning to sell off more major shale assets in western Canada, after the company reported earlier this…