A court in China ruled that a lawsuit against ConocoPhillips China and China National Offshore Oil for a 2011 oil spill can proceed under a new law allowing NGOs to directly sue polluters.
Russia Today trumpets specious claims of a new Little Ice Age—convenient propaganda for Putin to go on exploiting Arctic oil without worrying about global warming.
For the first time in nearly 80 years, Mexico opened its oil industry to foreign investors, offering 14 offshore exploration blocs—but only two sold, and not to industry majors.
Obama's five-year plan for offshore drilling opens up the Southeast coast and grandfathers Arctic leases—but the industry is still griping because it would keep ANWR off limits.
Experts tell us the North American shale oil boom is responsible for low prices despite Middle East unrest. But the price slump serves Western aims of weakening Russia and Iran.
The president of Colombia's Ecopetrol, Javier Genaro Gutiérrez, announced that the state oil company will start processing licenses for the use of fracking technology.
The new Iraq crisis sparked a brief oil shock, but prices have since stabilized. We are told this is due to the North American energy boom—but are prices set to surge again?
Leaked e-mails reveal that Austrailia's Karoon Energy provided "technical support" in the proposed reform of Peru's hydrocarbon law that would loosen oversight of oil exploration.
China is proposing a Free Trade Area of the Asia Pacific (FTAAP) in a race with the US-backed Trans-Pacific Partnership (TPP) for hegemony in the Asia-Pacific region.
Hewlett-Packard is being fined for bribing oil company officials in Mexico; meanwhile, the US is investigating possible corruption in Citigroup's Mexican operations.
The IMF imposes austerity on Ukraine as Russia jacks up gas prices. Meanwhile, the global industry exploits the crisis to fast-track exports of fracked gas as a "lever against Russia."
The gas rig fire off Louisiana is portrayed as a near-miss at worst—while researchers predict a record “dead zone” the size of New Jersey in the Gulf of Mexico this year.
