Chinese oil giant CNOOC buys Canada's Nexen The Chinese oil giant CNOOC completed its $15.1 billion purchase of Canada's Nexen energy group on Monday, in what analysts have said is China's largest foreign investment.
26 February 2013
BP accused of greed, lax safety at US oil spill trial The US government accused BP of letting greed triumph over safety Monday in the opening arguments of a multi-billion dollar trial over the devastating 2010 Gulf of Mexico oil spill.
26 February 2013
BP vows to 'vigorously defend' itself at US oil spill trial British energy giant BP vowed Tuesday to "vigorously defend" itself in court next week against US government claims for "excessive" fines in the 2010 Gulf of Mexico oil spill disaster.
21 February 2013
KazMunaiGas to develop Abay with new partnerOil and Gas Ministry has officially confirmed that KazMunaiGas national company will start developing Abay field with a new partner.
US expands sanctions on Iran to press nuclear case The United States on Wednesday tightened sanctions on Iran to further choke off its oil income, saying it was necessary to increase pressure on Tehran over its suspected nuclear weapons program.
08 February 2013
'Xena' actress fined over New Zealand oil protest "Xena: Warrior Princess" actress Lucy Lawless was fined in a New Zealand court Thursday for boarding a ship with environmentalists last year in protest at plans to search for oil off Alaska.