Total to partner Sinopec in hunt for Chinese shale
Total is to link up with Sinopec in a bid to exploit China's massive shale gas reserves.
Billionaire could open up oil giant just weeks after buying out partner
The Swedish billionaire who took control of the world’s fourth-largest oil trader last week buying out his Russian co-founder may soon look for a new partner. He says the ownership is too concentrated.
Petrobras spending triples World Cup costs
Brazil’s top finance official is being roped into a growing scandal over Petrobras' $1.19billion (£720million) purchase of a Texan plant, the latest in a string of troubles plaguing the company’s money-losing refining unit.
Babcock buys out Avincis in close to £1bn deal
London-based Babcock International agreed to buy Avincis, the owner Bond Aviation Group, for £920million to expand in helicopter services.
End of the $1bn delay as key oil route reopens to ships
One of the world's key oil routes has been reopened for the first time since a weekend oil spill left dozens of vessels stuck - after causing around $1billion in delays.
How Qatar’s Muslim Brotherhood support could supper $8bn oil deal
Plans by US oil firm Occidental for an $8billion sell-off of its operations in the Middle East could be derailed by political tensions in the Gulf.
UK could face brownouts if capacity auction is delayed, warns National Grid
A delay of more than a few months to the UK’s planned auction of back-up power capacity may hold up construction of new power plants and trigger brownouts, according to the National Grid.
New disruption as Libya oil output falls again
Libya’s oil production plunged to the lowest in about six months after protesters seeking jobs and development projects halted a western oilfield run by Eni Spa.
Sinopec to push ahead with foreign investment drive as profits rise
Sinopec said it will push ahead this year with a government-driven agenda to open up state-controlled industries, as China’s energy companies search for private capital.
OPEC set to cut export to lowest level in months, predict analysts
The Organization of Petroleum Exporting Countries will cut crude exports to the lowest level in two months as refiners around the world conduct seasonal maintenance, according to tanker-tracker Oil Movements.
Statoil could delay North Sea enhanced recovery project over tax changes
Norwegian oil giant Statoil has warned it may delay investment plans on a major North Sea increased recovery project after a hike in taxes.
BP faces long game after making £25million return to Gulf of Mexico
BP's return to the Gulf of Mexico for the first time in two years may not yield any new oil production until the middle of the next decade, it has emerged.
Petrochina sees profits soar
PetroChina's full-year profit beat analyst estimates as higher gas prices helped the country’s biggest energy producer counter import costs.
Why green policies could mean blackouts for UK
The UK risks power shortages because utilities may react to Europe’s toughest carbon-emissions rules by closing plants without replacing them.
What next for China’s oil giants?
As China's energy giants look to bring in foreign investment, what does that mean for the international oil market?
No plans to sell up Sverdrup stake despite cost warnings, insists Lundin chairman
North Sea oil group Lundin Petroleum insists it will not sell off its stake in the Johan Sverdrup field
Alaska to sue US Government over arctic oil drilling block
Alaska has launched a lawsuit against the US Government over a decision to reject plans to explore for oil and gas in the Arctic National Wildlife Refuge
Caracal launches £380m TransGlobe bid to drive African push
Canadian oil group Caracal Energy is to buy rivals TransGlobe in a £380million deal as it looks to push into Egypt.
How oil turned Stavanger into a housing bubble
Jone Joakimsen had to accept less money than he asked for when he sold his house outside Stavanger, Norway.
IEA raises oil demand estimate for 2014
Oil demand will be higher in 2014 than previously estimated as global economic growth recovers, the International Energy Agency said. Pressure on supplies will ease in coming months as seasonal consumption dips.
How oil spills forced town to pack up and leave
Residents of the former fishing and farming community of 3,000 in the Ogoni region of southeast Nigeria, fed up with the third and largest oil spill in five years due to sabotage of pipelines, packed up and left the village.
Green light for South Africa oil rules change despite fears over ‘chilling’ impact to industry
South Africa has given the green light to a new minerals law change which the country's oil and gas sector has warned could destroy the industry.
Sinopec boss warns more homes at risk from pipeline explosions
The boss of giant Chinese oil refiner Sinopec has warned that residential areas remain at risk from its pipeline after the explosion last year which killed 62 people.
New warning over Fukushima clear-up on third anniversary of nuclear plant disaster
The operator of the stricken Fukushima nuclear plant is not making enough progress in clearing up radioactive water from the site, an leading adviser has warned.
Petrobras raises £5bn in bond issue as race to fund Libra begins
Brazilian oil giant Petrobras has raised more than $5billion in a new bond issue as it looks to fund its major projects for the next five years.