YPF, Chevron sign Argentina shale pact

BUENOS AIRES, Argentina (AP) — Argentina's cash-strapped state energy company signed a partnership deal Wednesday with Chevron Corp. for a "massive development" of the South American country's vast nonconventional oil and gas resources.

Renewable energy will help diversify economy

German Ambassador Dieter Haller opened the three-day “Renewables made in Germany” exhibition yesterday at the InterContinental Hotel in Riyadh.

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.