Chevron assets frozen in Argentina over Ecuador case An Argentine judge froze Chevron's local assets Wednesday at the request of a court in Ecuador where the US oil giant has been ordered to pay $19 billion in environmental damages.
Middle East oil disruptions to hit Asia first: IEA Asia will be the first to feel the impact of any Middle East oil supply disruption as regional demand surges, the International Energy Agency said Monday.
22 October 2012 13:58
Libya economy boosted by oil pending reconstruction Libya's economy has made a swift recovery after the 2011 conflict, with oil production returning to near normal levels: but insecurity is holding up reconstruction and keeping foreign companies at bay.
Conference seeks to curb exploitation of high seas Long spared because of their remoteness, the high seas have become an important hunting ground for fish trawlers and oil prospectors, putting at risk many marine species that call these waters home.
17 October 2012 14:32
Prestige oil disaster trial starts in Spain Seamen go on trial Tuesday over the sinking of the Prestige petrol tanker which spilt a devastating oil slick when it sank off Spain in 2002, with hundreds of plaintiffs seeking billions in damages.
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