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.
Troubled UN climate talks spill over UN talks seeking to slow the march of destructive global warming ran far into extra time Saturday as host Qatar sought to broker an end to the standoff between rich and poor nations on funding.
90 sent to hospital after Singapore oil rig incident About 90 workers were sent to hospital Monday after an oil rig being built at a shipyard in Singapore tilted to one side, forcing many of them to jump into the water.
Huge Rio protest against oil royalties share-out plan Tens of thousands of people took to the streets of Rio Monday to press Brazilian President Dilma Rousseff to veto a bill that would redistribute oil royalties in favor of non-oil producing states.
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