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03 January, 2012Oil giant BP has asked its contractor Halliburton to pay for all costs and damages that arose from the oil spill in the Gulf of Mexico.The claims were made in a filing by BP's lawye.... |
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02 January, 2012Venezuela has said it will pay Exxon Mobil $255m (£164m) in compensation for assets nationalised in 2007 - less than a third of what an arbitration panel awarded the oil giant.The I.... |
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27 December, 2011China has gained potential access to millions of barrels of oil after it won approval for oil exploration and extraction in Afghanistan.The country's cabinet approved a deal to allo.... |
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25 December, 2011Dec 25 (Reuters)-Delek and Avner, units of conglomerate Delek Group , are part of a group led by U.S.-based Noble Energy developing natural gas wells off Israel's Mediterranean coas.... |
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18 December, 2011(Reuters) - A drilling rig with 67 crew on board capsized and sank off Russia's far eastern island of Sakhalin on Sunday while being towed through a winter storm, leaving more than .... |
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