Yemen gunmen blow up oil pipeline Gunmen in southeast Yemen have blown up an oil pipeline that transports some 8,000 barrels per day to export terminals on the Gulf of Aden, suspending operations.
Sudan, South Sudan meet to push security, oil deals The rival presidents of Sudan and South Sudan met for face-to-face talks Saturday to push forward stalled security, oil and border deals, and discuss the fate of the contested Abyei region.
06 January 2013
US fines Transocean $1.4 bn over Gulf oil disaster The United States hit drilling rig operator Transocean with $1.4 billion in criminal and civil fines Thursday for its role in the 2010 Deepwater Horizon disaster in the Gulf of Mexico.
Kazakhstan prolongs oil products export ban into 2013To prevent critical deficit and prices growth at the domestic market of oil products, Kazakhstan government decided to introduce a 6-month ban on export of oil products.
Iraq agrees to extend oil pipeline through Jordan Iraq and Jordan agreed on Monday to extend an oil pipeline to the Red Sea city of Aqaba for the export of Iraqi crude, Prime Minister Nuri al-Maliki said after a fleeting visit to Amman.
25 December 2012
Judge clears BP's $7.8 bn settlement in US oil spill British oil giant BP won US court approval Friday of a $7.8 billion settlement with people and businesses who lost money and property due to the 2010 oil spill in the Gulf of Mexico.
23 December 2012
Oil thieves caught in south KazakhstanMembers of an organized criminal group stealing oil from Kumkol-Shymkent pipeline were apprehended in South-Kazakhstan oblast.