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.