The Ninth Circuit affirmed the dismissal of a suit against Chevron claiming the company funded acts of terrorism through surcharges of Iraqi crude oil, which were remitted to former Iraq President Saddam Hussein. While Chevron knew a “kickback from its purchase” would be end up in Iraq, it did not necessarily know those funds were specifically used to finance terrorism, the court ruled.
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Global equities and oil prices fell through the floor again Thursday after President Trump banned travel from mainland Europe to the United States for a month to fight the coronavirus, ramping up fears the global economy will careen into recession.
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Energy titan Saudi Aramco said Tuesday it will boost its supply of crude oil to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia.
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Two environmental groups said on Monday they were trying to take the Norwegian state to the Supreme Court for granting oil licenses in the Arctic.
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Former Mexican President Enrique Peña Nieto is being investigated in a graft scandal at the country’s massive state oil company Pemex, the Wall Street Journal reported.
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A small instrument inside the drones that targeted the heart of Saudi Arabia’s oil industry and those in the arsenal of Yemen’s Houthi rebels match components recovered in downed Iranian drones in Afghanistan and Iraq, two reports say.
Read moreFrederick Koch, who kept a low profile as an arts benefactor rather than joining the family oil business that became Koch Industries, has died, according to the New York Times. He was 86.
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Nearly wiped out by agricultural pesticides in the 1950s, Louisiana’s state bird the brown pelican has made a tremendous comeback. Now, thanks to 150,000 cubic yards of Mississippi River sand and help from $18.7 million of BP’s multibillion-dollar settlement for the catastrophic oil spill a decade ago, one of the pelicans’ essential nesting grounds is also coming back.
Read moreLouisiana will get $130 million in BP oil spill money to link its second-largest coastal swamp back up to the Mississippi River, and Alabama will receive funds to add up to 12,000 acres to a wildlife management area.
Read moreThe Interior Department on Wednesday issued a record of decision that provides right of way permitting for the Keystone Pipeline — despite the fact that a lawsuit against the pipeline is moving through federal court in Montana.
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A company responsible for an oil spill that dumped more than 123,000 gallons of crude oil off the California coast in 2015 asked a judge Monday to decertify a federal class action brought by beachfront property owners and business owners seeking damages from the environmental disaster.
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Russia has halted oil supplies to Belarus as talks on strengthening economic ties remained stalled over concerns that Russia could effectively swallow up its neighbor.
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Saudi Arabia’s oil company Aramco began public trading on Wednesday, gaining 10% in its first moments on the market in a dramatic debut that pushed its value to $1.88 trillion, higher than any other listed company in the world.
Read moreThe United States and the San Joaquin Valley Unified Air Pollution Control District sued Kern Oil & Refining Co. for millions of dollars in federal court, for Clean Air Act violations at its Bakersfield oil refinery.
Read moreIraq’s government has agreed “in principle” on a long-anticipated oil-sharing deal with the northern Kurdish region, officials said Monday.
Read moreIran has discovered a new oil field in the country’s south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country’s proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions.
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A state agency cannot make the federal government dredge two vital San Francisco Bay channels more frequently, a federal judge ruled Monday, despite arguments that less dredging could increase the risk of a container ship accident or oil spill.
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By claiming a right to Syria’s oil, President Donald Trump has added more complexity — and U.S. forces — to an American military mission he has twice declared he was ending so the troops could come home.
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The long-planned initial public offering of a sliver of Saudi Arabia’s state-run oil giant Saudi Aramco will see shares traded on Riyadh’s stock exchange in December, a Saudi-owned satellite news channel reported Tuesday as the kingdom’s marquee investment forum got underway.
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