Iran to Boost Gas Exports in Efforts to Cut Oil Sales Reliance

Iran plans increase its natural gas exports as a way to diminish its reliance on crude sales, a senior Iranian Oil Ministry official said.

China and Australia top list of 'carbon bomb' projects

China and Australia top a global list of planned oil, gas and coal projects that will act as "carbon bombs" and push the planet towards catastrophic climate change, a Greenpeace report warned on Tuesday.

China National Offshore Oil Corp-Nexen deal to help South China sea thrust

WASHINGTON: The $15 billion bid by China National Offshore Oil Corp (CNOOC) to buy Canada's Nexen, Inc will help the Chinese state giant gain the expertise to drill in deep, disputed waters of the South China Sea without relying on risk-averse foreign firms.

U.S. missing out on Arctic land grab

NEW YORK (CNNMoney) -- There's an international race to divvy up the Arctic Ocean's oil and mineral bounty, but the United States could lose out on a big chunk of it because it hasn't signed a United Nations treaty governing the area.