Oil Wars on the Horizon CounterPunch | Conflict and intrigue over valuable energy supplies have been features of the international landscape for a long time. Major wars over oil have been fought every decade or so since World War I, and smaller engagements have erupted every few years; a flare-up or two in 2012, then, would be part o...
U.S. Tries to Press China Sea Rights With Pact Wall Street Journal By JULIAN E. BARNES | WASHINGTON—Defense Secretary Leon Panetta is beginning a new push for Senate approval of the Law of the Sea treaty, a long-stalled pact military officials believe is essential to preserve the Navy's right to conduct exercises in waters near China and to enhance U.S. claim...
Sanctions Are Hurting, but Iran Will Cope, Tehran Official Says Wall Street Journal By JAY SOLOMON | NEW YORK—Iran's top economic planner acknowledged that Western sanctions are posing economic "difficulties" for Tehran, but predicted his country will weather the financial onslaught. | Shamseddin Hosseini, Iran's minister of e...
Turkey warns oil majors against Cyprus gas bid Reuters | * Successful bidders would be barred from Turkish projects | * Turkey says energy exploration hurts Cyprus peace talks | * Total, Eni, Petronas among bidders | * Turkey's energy hub role gives it leverage | By Ayla Jean Yackley | ISTANBUL, May 18 (...
ConocoPhilips invests US$1.5bil in oil production in Malaysia The Star | NEW YORK: ConocoPhilips, among the world's biggest oil producer from the United States, has invested US$1.5bil (RM4.6bil) in Malaysia so far for oil production in offshore Sabah. | Prime Minister Datuk Seri Najib Tun Razak said the company's invest...
China's pipe-laying ship to sail for South China Sea Xinhua | QINGDAO, Shandong, May 18 (Xinhua) -- China's first deep-water pipe-laying crane vessel will set sail on its maiden voyage Saturday from the eastern port of Qingdao to the South China Sea. | A spokesman with the Qingdao marine affairs department sa...
Tepco pares gas field investment Japan Times | Tokyo Electric Power Co. and three other Japanese firms plan to buy interests in an offshore Australian natural gas field for around ¥350 billion, industry sources said Wednesday. | Tepco's financial difficulties stemming from the nuclear cris...
Pre-Salt Hydrocarbons: This Summer to Reveal Potential Beyond Brazil Rig Zone | This summer is set to reveal a few clues as to the viability of pre-salt hydrocarbons plays off the coast of southwest Africa and offshore Kazakhstan as a handful of oil and gas explorers pursue targets deep below ancient salt layers. | So far the ...
What's wrong with bribing a foreign official or two? Foreign Policy | Last month, the Financial Times reported that Goldman Sachs-backed Cobalt International Energy had provided equity stakes to three senior Angolan officials in a position to help it obtain rights to drill a world-class offshore oilfield. Houston-bas...
Oil down to near $94 on China, Europe concerns STL Today | Oil prices dropped to near $94 a barrel Monday due to concerns that China's economy, the world's second-largest, is slowing faster than expected as well as speculation that Greece could abandon the euro currency bloc. | By early afternoon in Europe, benchmark oil was down $1.71 to $94.42 a barrel in electronic trading on the New York Mercantile E...
Rupee falls to record low, spurs RBI to act The Times Of India Tweet MUMBAI: The rupee hit a record low against the dollar for a second session in a row on Thursday as global risk assets remained largely under pressure, leading the Reserve Bank of India (RBI) to intervene again, according to traders. | Though global risk assets avoided the steep falls seen in the previous session, the mood remained grim given ...
