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Oil

Business leaders cast doubt on Scottish independence in open letter
​More than 100 business leaders have voiced their skepticism over Scottish independence, arguing a clear case has yet to be made. The heads of UK’s largest businesses said the outcome of the September 18 referendum will affect generations to come.

27.08.2014 07:34

​Canada to Russia: ‘We will defend our sovereignty in the Arctic’
Canada is ready for a confrontation with Russia if it expands its ambitions in the Arctic region, Foreign Minister John Baird told a Danish newspaper. The oil-rich region is set to become a key political battleground in the coming decades.

27.08.2014 00:25

Leonardo DiCaprio, tar sands opponents call on Canada’s Prime Minister, Shell CEO in Ice Bucket Challenge
Actor Leonardo Di Caprio and other leaders of opposition against tar sands production in Alberta, Canada challenged some high-profile corporate and government players to take the Ice Bucket Challenge, a social-media-driven fundraiser for ALS research.

26.08.2014 16:00

Rosneft to take 30 percent in Norwegian driller
Russia’s biggest oil company Rosneft has agreed to purchase a stake in Norway's North Atlantic Drilling (NADL) through an asset swap, which appears to show businesses remain undeterred by political sanctions.

22.08.2014 13:49

​America’s Apache makes biggest Australian oil find in decades
US energy company Apache has discovered an offshore oil field in Australia with potential reserves of up to 300 million barrels of crude.

18.08.2014 11:32

Madrid approves $10bn oil exploration project in Canaries despite protests
Spain’s biggest oil company Repsol has passed its final hurdle to begin exploring oil reserves off the coast of the Canary Islands, Africa’s northwest waters. The approval from the Energy Ministry came despite protests from environmentalists.

13.08.2014 18:36

Mexico signs energy reform into law ending 76yr monopoly
Mexican President Enrique Pena Nieto signed into law Mexico’s historic energy reform bill that will allow foreign companies access to oil and gas fields in the country.

12.08.2014 16:38

US sends arms to Iraq – to solve problems Washington helped create
The US is conducting air strikes and supplies weapons to help outgunned Iraqi Kurds fight off the offensive of Islamist militants. The Kurds are battling against extremists armed with American arms and nurtured thanks to America’s policies.

12.08.2014 03:38

Venezuela closes Colombian border to crack down on contraband
The Venezuelan government is closing its border with Colombia in an attempt to curb mass smuggling of goods from Venezuela to Colombia during the night hours.

11.08.2014 15:03

Rosneft-Saras joint venture still on, just delayed
Italian oil refiner Saras has confirmed its joint venture projects with Russia’s largest oil company Rosneft has not ended. The company said it expects the deal to sell oil, and begin refining operations together will be delayed, not canceled.

11.08.2014 11:24

ExxonMobil, Rosneft start joint Arctic drilling in defiance of sanctions
US oil giant ExxonMobil and Russia’s Rosneft will continue joint exploitation of the Russian Arctic despite Western sanctions, the American company said as the two giants launched exploration drilling in the Kara Sea.

09.08.2014 13:00

Sanctioned Russia and Iran sign 5-yr deal to ease Western pressure
Moscow and Tehran have signed far-reaching deals, from energy to consumer goods, which are expected to undermine Western-led sanctions against the two countries.

06.08.2014 07:27

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