Following a meeting of the EU foreign ministers in late December 2014 the European Union High Representative for Foreign Affairs and Security Policy Federica Mogherini stated, “Iran is not only the country with which we have nuclear talks, it is also a regional important player [sic] and this practically means that we will have to engage with Iran also on its neighborhood.” This statement highlights the two issues under intense discussion between the EU and Iran – the nuclear dispute...

Apache names Stephen Riney, a former executive with BP, as its chief financial officer.

Global oil majors say they are demanding cheaper but better services from engineering and service companies, or simply taking work back in-house.

A retired Coast Guard official testified Wednesday the massive oil spill response BP managed out of Houston in 2010 fell short of typical efforts to remove crude from the ocean.

Market Mayhem Has Some Way To Go

Published - Jan 22, 2015

Most of us won’t have noticed much market mayhem going on in our daily lives, distracted by terrorism in the heart of Europe. An instantaneous jump of 30% in the value of the Swiss Franc last week means very little to most people. If only we had stashed a few Swiss Francs in advance. Most readers of this piece should be aware that the price of oil has more than halved in the last 6 months rendering much of the...

France's Total is likely to abandon a search for oil and gas off Cyprus after failing to find tangible evidence of reserves.

Telegraph.co.ukUPDATE 2-Total cuts North Sea, US shale spending after oil price plungeReutersDAVOS, Switzerland, Jan 21 (Reuters) - French oil and gas company Total will cut spending on ageing North Sea fields and on U.S. shale production after the recent plunge in oil prices, its chief executive said on Wednesday. Speaking at a panel session ...North Sea faces investment crisis even if oil rebounds, says Total bossTotal slashing North Sea spending on ailing fields and oil price plunge

Over 150 investors, including Environment Agency and Church of England, demand that BP test whether their business model is compatible with international pledge to limit global warming to 2COil giant BP is being challenged to confront the risk that climate change may pose to its future in a shareholder resolution published on Wednesday.Pension funds controlling hundreds of billions of pounds are among the 150 investors demanding the company tests whether its business model is compatible with the international community’s pledge...

Los Angeles TimesBP trial's last phase begins -- penalty for gulf oil spill will be determinedLos Angeles TimesThe slowly unwinding Deepwater Horizon oil spill trial began its final phase Tuesday as a judge in New Orleans considers the record fine that oil giant BP must pay for the well blowout five years ago that killed 11 men and spawned the worst ...2010 BP Gulf oil spill penalties trial: Extent of damage to economy debated7 factors the court will use to...

BP tries to whittle away at $13.7B in potential fines under the Clean Water Act as the penalty phase starts in its trial over the 2010 Gulf of Mexico oil spill.

Gushing oil in the Gulf of Mexico caused serious and widespread sociocultural destruction in Louisiana and other states and exacerbated inequality in a region marked by economic immobility, the U.S. government's second witness in BP's oil spill case said Tuesday.

Coast Guard Rear Admiral Meredith Austin noted that BP personnel had inappropriately packed up equipment at various branches of the response effort before the runaway Macando well was finally killed in September.