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Obama clash looms after Senate passes Keystone

Washington - The US Senate on Thursday approved a bill authorizing construction of the controversial Keystone XL oil pipeline from Canada to the United States, a Republican priority that faces a presidential veto.

BP off hook for several billion dollars in oil spill fines

New York - A US judge said energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars.

Op-Ed: Campaign against Doritos and sustainable oil continues - update

Campaign group SumOfUs.org have released a new online advert to coincide with Doritos annual ‘Crash the Super Bowl’ commercial competition. This is part of the long running campaign against the company over rainforest destruction.

Venezuela's Maduro holds talks in OPEC kingpin Saudi

Riyadh - Venezuelan President Nicolas Maduro held talks in OPEC's leading oil producer Saudi Arabia on Sunday, officials said, before he headed to Algeria for further dialogue about low world crude prices.

Deadly Libya strike on tanker draws Greek condemnation

Darnah - Libya's internationally recognised government said Monday that its aircraft bombed an oil tanker off the Islamist-held port of Derna, killing two crewmen and drawing condemnation from Greece.

Suicide bomber targets Libyan parliament

Benghazi - A suicide bomber blew up a car outside the headquarters of Libya's internationally recognised parliament Tuesday, wounding three lawmakers, a legislator said.

First air strikes hit Libya's militia-held Misrata

Tripoli - Forces loyal to Libya's internationally recognised government carried out their first air strikes Sunday against militia-held third city Misrata, a spokesman said.

22 Libya soldiers killed in speedboat attack on oil ports

Benghazi - Islamists killed at least 22 soldiers on Thursday after a surprise attack in which they used speedboats in a failed bid to seize some of Libya's main oil terminals, officials said.

Drilling for microbes in extreme environments

Scientists have been analyzing samples from the deepest-ever marine drilling expedition to identify living microbes. In parallel, researchers exploring the Arctic have found life thriving below the ice.

Denmark claims potentially energy-rich Arctic waters

Copenhage - Denmark will lay claim to energy-rich but contested territory around the North Pole on Monday by submitting data to the UN which it says demonstrates the area is an extension of its continental shelf.

Libyan forces repel Islamist attack on oil region

Benghazi - Islamist fighters launched a three-pronged attack Saturday on a key oil region in eastern Libya but were pushed back by pro-government forces, military officials said.

Op-Ed: Dismal New Year's for Putin

Moscow - Perhaps it’s a good thing that Russia’s government is calling off New Year’s Eve parties. They probably would fizzle. Vladimir Putin’s Ukraine adventures have led to the price of condoms and hookers rising.

Bangladeshis use sponges to clean oil spill threatening dolphins

Dhaka - Bangladeshi villagers using sponges, shovels and even spoons worked Friday to clean up a huge oil spill in a protected area that is home to rare dolphins, after environmentalists warned of an ecological "catastrophe".

US Supreme Court rejects BP challenge to Gulf settlement 

Washington - The US Supreme Court on Monday refused to hear energy giant BP's challenge to a settlement ordering it to pay hundreds of millions of dollars to businesses hurt by the 2010 Gulf of Mexico oil spill.

Spain's Canary islanders protest against oil drilling

About 200 people, including tourists, formed a giant "SOS" on a beach on Spain's Canary Islands on Sunday to protest against drilling for oil off the archipelago.

Venezuela to slash budget after OPEC steadies output

Caracas - Venezuelan President Nicolas Maduro ordered his government to slash the budget of his oil-dependent and economically-weak nation, as crude prices plunge after OPEC held output steady.

U.S. oil prices open $4.40 lower following OPEC meeting

New York - U.S. oil prices sank more than $4 in opening trade Friday, a day after OPEC decided to not cut production in response to lower prices.Near 1400 GMT, US benchmark West Texas Intermediate for delivery in January stood at $69.

Oil plunges to new multi-year lows on OPEC decision

New York - Global oil prices plunged Friday to new multi-year lows after the OPEC oil-producing cartel decided to maintain crude output in an oversupplied market.US benchmark West Texas Intermediate for delivery in January closed at $66.

OPEC move to keep oil output target sparks price slump

Vienna - OPEC's decision against cutting oil production, despite a global glut in supplies, triggered a five-dollar collapse in crude prices and prompted a fall in early trading on Asian markets Friday.

Op-Ed: Putin may be losing his Russian roulette game

Moscow - With prominent Russians falling from a Moscow skyscraper and drowning in an OPEC country it may or may not be just a coincidence, but it appeared to indicate that President Vladimir Putin’s economy is dangerously threatened by a growing glut of oil.

Russia cuts oil output as OPEC 'agrees' price too low

Vienna - Rosneft has trimmed its oil output partly in response to sliding crude prices, the Russian oil giant said Tuesday, as an under-pressure OPEC mulled taking similar action.

Brazil slams media 'manipulation' on Petrobras scandal

Rio De Janeiro - Brazilian authorities Saturday blasted a news magazine for media "manipulation" as the government of President Dilma Rousseff battles an escalating kickbacks scandal at state-owned oil giant Petrobras.

Petrobras scandal undermining Brazil's Rousseff: analysts

Bras - A month after winning re-election, Brazilian President Dilma Rousseff is battling the toughest of starts to her second term with a huge corruption scandal at state-owned oil giant Petrobras threatening to engulf her government.

U.S. Senate rejects Keystone pipeline in close vote

Washington - The U.S. Senate on Tuesday narrowly rejected a bill that would have approved construction of the Keystone XL pipeline to bring crude oil to Gulf coast refineries from Canada's controversial tar sands.

U.S.-led air raids hit jihadist-held Syria oil field

Birut - U.S.-led air strikes hit jihadist positions in the north and east of Syria, including an oil field, the Syrian Observatory for Human Rights said on Saturday.

Gallons of Deepwater Horizon oil remains on the sea floor

Several years after the Deepwater Horizon disaster, excessive quantities of oil remains on the sea floor. The oil continues to cause environmental harm to marine life.

Heads roll in Russia as more details emerge of Total crash

Moscow - Top Russian airport officials quit on Thursday as more employees were detained over the Moscow plane crash that killed the CEO of French oil giant Total.

Total names new bosses as Russia probes CEO plane crash

Paris - French oil giant Total on Wednesday named new bosses to lead one of the world's biggest energy companies after its chief executive was killed in Moscow when his private jet hit a snowplough as it was taking off.

Russian investigators probe Total CEO crash black boxes

Moscow - Russian investigators said on Wednesday they were analysing the black boxes from the jet that crashed in Moscow this week, killing the chief executive of France's Total oil company.

Russia blames 'negligent' airport bosses for Total CEO's crash

Moscow - Russian investigators on Tuesday accused senior airport officials of criminal negligence over a plane crash at a Moscow airport that killed the head of French oil giant Total, Christophe de Margerie, whose private jet hit a snowplough on takeoff.
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Kurdistan Region - Iraq
Kurdistan Region - Iraq
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© Estate of Francis Bacon / SODRAC (2013)