Dow Chemical signs agreement on Argentina oil, gas Argentina's state-run energy company YPF said Tuesday it signed a memorandum of understanding with the local subsidiary of Dow Chemical to develop shale gas in the southern Nequen province.
27 March 2013
Oil prices up in Asia on Cyprus bailout deal Oil prices rose in Asian trade Monday after Cyprus and its international creditors struck a 10 billion euro bailout deal, averting collapse of the country's banking system.
Shortages of food, fuel, power as Syria battered by war "Yesterday I did not make anything to eat as there was no electricity for the entire day," says Umm Fadi, a resident of Artuz district near Damascus that has been caught up in the fighting between rebels and regime forces.
US suggests Keystone pipeline won't harm environment The US State Department suggested Friday that a $5.3 billion Canada-to-Texas oil pipeline would have no major impact on the environment, but stopped short of recommending it be approved.
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.
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