Chevron: Game up — again — in Ecuador
U.S. supermajor Chevron Corp. said it was victorious in a long-running legal battle against alleged misconduct in Ecuador and a fraudulent lawyer. The U.S. Court of Appeals for the Second Continue Reading
Chevron’s Pollution Victory Opens Door for Companies to Shirk Foreign Verdicts
Chevron wasn’t the only winner in Monday’s ruling by a federal appeals court over its long-running Ecuadorian pollution litigation. The victory, in which the court affirmed that a lawyer for Continue Reading
Oil Production in U.S. Proves Resilient as Forecast Grows
Global fuel consumption to outpace production next year: EIA EIA reduces WTI, Brent crude price projections for 2017 Oil producers in the U.S. are proving more resistant to low prices, Continue Reading
U.S. coal regulator to crack down on cleanup coverage
U.S. states should force coal companies to set aside collateral to pay for future mine cleanups and protect taxpayers as the industry braces for further declines, a leading federal regulator Continue Reading
BP seeks buyers for China petchem JV stake in up to $3 billion deal
British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch Continue Reading
Russia sees tighter energy ties with Iran, Azerbaijan
Projects meant to exploit the strategic position of the Caspian Sea and its oil and natural gas are national priorities, Azerbaijan, Iran and Russia said. The Iranian and Russian presidents Continue Reading
Statoil starts drilling work above Arctic Circle
Norwegian energy company Statoil said it started drilling operations at a field above the Arctic Circle to prepare to rebuild area natural gas stocks. Statoil said it started drilling an Continue Reading
Oil Rig Washes Aground on Scotland Shore
The Transocean Winner oil rig ran aground at Dalmore on the Isle of Lewis in… British authorities have opened a probe into how a Transocean RIG -2.65 % Ltd. oil Continue Reading
Turkey-Russia Rapprochement Spells Bad News for Azerbaijan
Russia and Turkey signaled that they would resuscitate the development of a natural-gas pipeline between them, potentially undermining European efforts to reduce reliance on Russian energy with fuel piped in Continue Reading
Oil pares near 3-percent gains amid oil glut worries
Crude prices inched down on Tuesday in Asia, paring gains of nearly 3 percent from a day earlier, as worries over a global oil glut tempered speculation that OPEC would Continue Reading