Oil prices drop as immediate Syria attack fears ease
Oil prices fell below $116 a barrel as the prospect of an immediate military strike on Syria faded.
BP loses latest leg of Macondo compensation battle
BP has lost its latest bid to suspend compensation payments over the 2010 Gulf of Mexico oil spill - after a judge said they had no 'credible evidence of fraud'.
Scrap oil tankers more than 15 years old to keep market afloat, urges Frontline after latest losses
Oil tanker group Frontline has urged shipowners to scrap crude oil carriers that are more than 15 years old to help reduce an excess of the vessels.
New African contract wins for APR Energy but revenue down 44%
Power generation group APR Energy says it won a 72 percent increase in new contracts in the first half of the year, easing the pain of lower revenue and profit.
Three senior PetroChina managers quit after government launches corruption probe
Three senior members of PetroChina's management have resigned after the launch of a probe by the Chinese government into alleged corruption.
Fracking fight spreads to South Africa
Energy giant Shell plans for shale gas drilling in the country's Karoo semi-desert has pitched the government and its energy goals against farmers and conservationists like billionaire Johann Rupert who say the land will be spoiled.
Sinopec outperforms PetroChina after refining business boom
Asian oil giant Sinopec saw incomes rise by 24% in the first half of 2013 after its refining business returned to profit, outperforming PetroChina.
Russia offers to aid Japan with Fukushima clear-up
Russia has repeated an offer to help Japan clean up its Fukushima nuclear station after the operator of the diaster-stricken facility decided to seek outside help.
The innovation driving Brazil’s pre-salt oil boom
The state-run company invested $1.13 billion, or 0.8 percent of sales, in R&D last year, the highest rate of the world’s 17 most valuable oil producers, according to data compiled by Bloomberg. Exxon Mobil Corp. spent 0.3 percent.
Afren looks for Kurdistan pipeline gains
Afren says it expects its Kurdistan output to grow significantly once it finally completes a pipeline route from its operations in Kurdistan to Turkey.
IMI eyes £1billion energy industry acquisitions after snapping up Canadian refinery firm
English engineering firm IMI Psays it plans spend up to £1billion on energy industry acquisitions after buying a Canadian refinery services group company today.
PetroChina boosted by first-half profits rise
PetroChina, the country’s biggest oil and natural gas producer, posted a 5.6 percent increase in first-half profit as gas and crude production improved.
Cnooc linked with $3billion debt bid
The parent firm of China's biggest offshore energy explorer has launched a bid to raise $3billion of loans, according to two people familiar with the matter.
Det Norske could sell Ivar Aasen stake to fund Sverdrup
Norwegian oil and gas explorer Det Norske Oljeselskap has admitted it may sell off part of its Ivar Aasen interest to pay for development of the giant Johan Sverdrup field.
Vestas name new chief executive after latest losses
Danish wind turbine maker Vestas Wind Systems is to replace its CEO after posting a worse-than-expected loss.
Wind turbine market set to slow across Europe, warns report
The wind-turbine market in Europe, the Middle East and Africa will shrink this year and next after economic growth slowed and governments scaled back subsidies, Make Consulting said.