Total set to lower investment as production increases
Oil major Total says it expects to scale back on its investment programme from next year as oil and gas production closes in on previously set targets.
Tullow looks to make Madagascar pay
UK oil group Tullow says it expects to find oil in Madagascar when it begins drilling in the south of the Indian Ocean island next year.
Wison chairman helping authorities with PetroChina corruption probe
One of PetroChina's main suppliers has seen bank accounts frozen and its chairman taken out of contact as investigations continue into corruption in the country's biggest oil firm.
Croatia ready for new talks over future of oil firm
Hungarian oil and gas group Mol Nyrt will today attempt to fend off an attempt by Croatia’s government to reassert control over the country’s $7.3billion refiner as talks on its future open today.
The six year battle over America’s controversial $5billion oil pipeline
The multi-million dollar battle over the controversial Keystone XL pipeline between Canada and the USA enters its sixth year this week - and with celebrity endorsements on both sides of the campaign, shows no sign of slowing down.
EU targets 2014 for unified energy market
What can the energy industry expect in 2014? Bloomberg's Rachel Morrison looks at plans for a unified energy market across the Euro Zone.
OGX faces Batista fight for new funding to avoid bankruptcy protection
Beleaguered Brazilian exploration firm OGX is set to ask bondholders for more cash in a bid to avoid having to file for bankruptcy protection.
The hunch that unlocked the Gulf of Mexico’s new $1.5trillion oil bonanza
Geologist Robert Ryan did not suspect he was helping change the energy future of the Gulf of Mexico when he gave the go-ahead for a well that would break the world record for deep-water drilling.
Linn Energy makes new $500m Permian Basin purchase
Oil and gas partnership Linn Energy says it will spend a further $525million on Permian Basin assets to increase production in the field.
Energy Report: What could move energy stocks this week?
Scott Darling, head of regional oil & gas for Asia-Pacific with JP Morgan, discusses what issues could impact energy stocks over the next few days.
Pollution from top companies undermining carbon reduction efforts, warns report
Growing pollution at 50 of the world’s biggest-emitting companies threatens to undermine global efforts to contain rising temperatures, according to a report by CDP, formerly known as the Carbon Disclosure Project.
New Norwegian leader vows oil fund spending limit
Norway's new leader Erna Solberg has vowed to limit spending of the nation’s $750billion oil fund after a jump in inflation triggered the biggest surge in the krone in two months.
Norway’s oil wealth to feature heavily in talks to form coalition government
Norway’s Conservatives face tough negotiations to unite the opposition after ousting the Labor-led coalition on promises to cut taxes and loosen the state’s hold on Scandinavia’s richest economy.
Petronas withdraws from giant Carabobo scheme
Malaysia state oil firm Petronas is to pull out of the giant Carabobo project in Venezuela, it has been confirmed.
China’s solar industry zombies struggling to keep the lights on
Only five solar-power vendors remain in a space built for 170 at a sprawling complex of offices stacked three stories high outside Xinyu city in China’s southeast.
Latest BP court fight over Macondo compensation brought forward by US courts
An appeal over the $9.6billion damages bill BP faces from the 2010 Gulf of Mexico disaster has been brought forward to early November.
Opposition look to wean Norway off oil addiction
Norway’s opposition, poised to oust the Labor Party-led government in elections next week, is promising an antidote to help wean the nation off its oil addiction.
Tullow and Africa Oil eye Kenya sell-off
Africa Oil and Tullow Oil may sell as much as half of their fields in Kenya to a strategic partner to share costs.
New Fukushima fears after highest radiation levels yet detected
The highest radiation levels so far have been found near tanks holding contaminated water used to cool reactors at the wrecked Fukushima nuclear plant in Japan.
Asian demand ‘will stop extra European LNG imports’
Higher Asian demand for liquefied natural gas will mean no increase in imports to Europe next year, according to new research.
Fukushima water could be dumped into sea
The operators of the damaged Fukushima nuclear plant may dump radioactive water into the ocean once its toxicity is brought within legal limits, it has emerged.
Norwegian election will have big say on oil revenue future
Norway’s election later this month is set to open up a debate on how much of the nation’s oil wealth can be funneled straight into Scandinavia’s richest economy.
Chevron set to invest hard dollars in Argentina gas
Chevron Corporation, the second-largest energy company by market value, will invest in Argentine shale oil and natural gas fields by bringing dollars into the country and exchanging them at the official rate, said state-run YPF SA.
Vestas new CEO sets out plans to return to profit
Vestas Wind Systems, the Danish turbine maker that’s been unprofitable for two years, will focus on completing a restructuring program to restore earnings, incoming chief executive officer Anders Runevad said.
Sinopec strikes $3.1bn Egypt deal as Chinese oil firms eye move into Middle East
Asian refining giant Sinopec has agreed a $3.1billion deal to take a 33 percent stake in Apache’s Egyptian oil and gas business, marking the state-owned company’s biggest purchase in the Middle East.