Iran Deal May Be Slow to Affect Oil Sector

HOUSTON — The breakthrough in nuclear talks with Iran on Thursday has the potential to cause a seismic shift in global energy markets over the long term, but energy experts said any appreciable impact on an already glutted global oil market was highly doubtful for at least six months and probably more than a year.

Shell’s Drilling ‘Went Wrong’ in 2012, Salazar Says

U.S. Interior Secretary Ken Salazar said “things went wrong” in Royal Dutch Shell Plc (RDSA)’s oil exploration off Alaska’s Arctic coast in 2012 and the company might be unable to continue its work this year.

Repsol: Exploratory oil well off Cuba comes up dry

HAVANA (AP) — An exploratory oil well off the northern coast of Cuba has proved a failure and will be capped and abandoned, Spanish company Repsol said Friday, a disappointment for a cash-strapped nation hoping for an economic lifeline.