Shell rejects Total warning over Arctic oil search

Shell has rejected a plea from its French rival Total that the energy industry should abandon its search for oil in the Arctic on the grounds that a spill would ruin the reputation of any company involved.

Nigeria's Jonathan Says Oil Industry Needs Overhaul

Oil companies' objections to Nigeria's proposed overhaul of its petroleum sector are expected, but the reforms are necessary, President Goodluck Jonathan said in an interview Thursday.

Oil Rises on China Stimulus Speculation and Spain Budget

Oil advanced from an eight-week low on speculation China’s government will bolster stimulus efforts and as Spain’s cabinet met to approve a 2013 austerity budget.

US lawmakers seek to delay nuclear relicensing requests

HOUSTON: Applications to relicense aging US nuclear reactors would be delayed until the power plants are closer to retirement age and safety conditions are better known, under legislation introduced on Wednesday by two US congressmen.

Chevron says Richmond repair time unknown

RICHMOND, California (Reuters) - Chevron Corp needs a few more weeks to assess damage at its plant in Richmond, California, and does not yet know how long it will need to repair its crude unit after an early August fire damaged the state's second-biggest refinery, its general manager said on Monday.

Crude Declines for Fifth Time in Six Days

Oil dropped for the fifth time in six days as discord over the handling of Europe’s debt crisis and a decline in German business sentiment renewed concern that the European crisis will reduce oil demand.

'Switch and save' option for energy customers

Tens of thousands of struggling households who owe money to their energy supplier will be freed up to switch to cheaper deals as part of a raft of measures announced on Sunday.

BP plans to buy major stake in Russia's Rosneft

BP plans to acquire a major shareholding in Rosneft if it can sell its stake in troubled venture TNK-BP, but played down hopes it would secure a wider partnership with the Russian state-controlled oil giant.

Brazil oil agency ANP appeals Transocean, Chevron oil spill ban

RIO DE JANEIRO (Reuters) - Brazil's petroleum regulator ANP appealed an injunction on Monday banning Transocean Ltd and Chevron Corp from operating in Brazil on the grounds the ban would harm oil exploration in the country, ANP chief Magda Chambriard said.

Shell postpones plans to start Arctic drilling until next year

Shell has abandoned controversial plans to start drilling for oil in the Arctic this year after a final test of its environmental protection equipment failed to meet the standards required to gain a full drilling permit.

Oil price near four-month high after Fed move

Oil prices rose for the eighth session in a row, with Brent crude trading near a four-month high, boosted by the Federal Reserve's move last week to stimulate the US economy.

Saudi Arabia Not at Risk of Becoming Oil Importer, Analyst Says

Saudi Arabia, the world’s No. 1 crude exporter, can boost its output capacity and isn’t at risk of becoming a net importer of oil, an energy analyst who advises the government said, rebutting a report by Citigroup Inc.

Japan to phase out nuclear energy by 2040

Japan on Friday said it planned to phase out nuclear power over three decades in an apparent bow to public pressure after last year's Fukushima disaster, the worst atomic accident in a generation.

Rising gas prices crimp Americans' spending

WASHINGTON (AP) — Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months.

The Growing Might of Solar Power

From California to New Jersey, the summer sun was hot this year — and so was the solar industry.While the business of solar energy is still small enough and young enough to record firsts at the fearsome pace that a toddler does, the milestones are getting more substantial.

Japan energy deadlock deepens; government fails to announce policy mix

TOKYO (Reuters) - Deadlock in Japan between anti-nuclear activists and advocates of atomic power deepened on Monday as the government failed to produce an expected proposal to reduce the role of nuclear power in the country's energy portfolio after the Fukushima disaster.

Oil Falls on Signs Global Economy Is Weakening

Oil declined for the first time in four days as Greece struggled to qualify for aid payments and economic data indicated that global demand may weaken.

Climate change expert calls for nuclear power 'binge' to avert global warming

A leading British academic has called for accelerated research into futuristic geo-engineering and a worldwide nuclear power station "binge" to avoid runaway global warming.

George Osborne's North Sea oil tax breaks show Britain is open for business

In times of economic hardship, the UK oil and gas industry has been – and can continue to be – a key engine for growth.

Japan utility: No money to develop renewables

TOKYO (AP) — The head of the Japanese utility that owns the tsunami-hit Fukushima nuclear power plant says last year's meltdowns sapped away money it might have used to switch to alternative energy, making it all the more important for the company to stick with nuclear.

Saudis 'may run out of oil to export by 2030’

A report by Citigroup has warned that Saudi Arabia could run out of oil to export by 2030, raising fears that oil prices may rise significantly in coming years.

Deepwater Horizon: BP accused of gross negligence

The US Justice Department has accused BP of "gross negligence and wilful misconduct" over the Deepwater Horizon disaster, claims which BP denies.

High global oil prices cause for concern: IEA's Maria van der Hoeven

NEW DELHI: High global oil prices are a cause of concern for the International Energy Agency, the head of the body which represents 28 importing countries said, although crude markets were better supplied than those for refined fuels.

Russian oil production hits post-Soviet record

Russian leaders have hailed their powerful energy industry as the country posted a post-Soviet record high rate of oil production that should boost coffers in uncertain global economic times.

Iraq oil exports highest in more than 30 years

BAGHDAD: Iraq's oil exports reached their highest level in more than three decades last month as the country's output has continued to increase, oil ministy officials said on Saturday.

Total insists Shtokman Russian Arctic gas project not delayed 'indefinitely'

Total sparked confusion over plans for Russia’s giant Shtokman Arctic gas field, denying the project, in which the French company has a stake, had been delayed indefinitely.

Shell gets OK for Arctic drilling prep

NEW YORK (CNNMoney) -- The Obama administration has granted Royal Dutch Shell permission to begin drilling preparations off the coast of Alaska, bringing the region a step closer to offshore oil production.