Paris (AFP) April 20, 2016 - Iran may technically be open to foreign investors after a nuclear deal with Western powers, but many sanctions remain, deterring potential business partners who fear the US could hit them again with punishing fines.
San José (AFP) April 20, 2016 - Irreconcilable differences over a rejected feasibility study scuppered a $1.3 billion project with China to build an oil refinery, Costa Rica's state-run petroleum distribution group RECOPE said Wednesday.
Perth, Australia (UPI) Apr 19, 2016 - The Australian subsidiary of Chevron said it reached a deal to sell a good portion of the gas from its Wheatstone project to an area customer starting in 2020.
Washington (UPI) Apr 19, 2016 - An increase in oil prices, along with refinery slowdowns and higher demand, means U.S. retail prices for gasoline are on the rise, market analysts found.
New York (UPI) Apr 19, 2016 - Oil prices recovered from recent declines on pressure from oil labor strikes in Kuwait, though economic and production pressures pulled on Tuesday's rally.
Kuwait City (UPI) Apr 19, 2016 - Though a labor strike in Kuwait is on its third day, a spokesman for the oil ministry said Tuesday output has moved higher to 1.5 million barrels per day.
Quito (AFP) April 19, 2016 - Oil-producing Ecuador has already taken a big hit from the drop in global crude prices, so the last thing it needed was the devastating earthquake that struck last weekend.
Moscow (UPI) Apr 19, 2016 - An economist at a Russian development bank said Tuesday any deal among major oil producers last weekend would've been moot because markets are flush with oil.
Hammerfest, Norway (UPI) Apr 19, 2016 - With the industry facing tightened purse strings, Norwegian energy company Statoil said it was examining plug-and-play concepts of field development.
Washington (UPI) Apr 19, 2016 - A balanced energy portfolio suggests the U.S. economy won't take any major hits from lingering weakness in the oil sector, a White House spokesman said.
Riyadh (AFP) April 19, 2016 - The United States is seeking greater special forces and naval cooperation with the Gulf states to counter Iran's destabilising activities in the region, a senior American official said.
London (UPI) Apr 18, 2016 - The so-called Gatwick Gusher, a shale basin in the United Kingdom, could add as much as $74 billion to the nation's economy, a study finds.
Trondheim, Norway (UPI) Apr 18, 2016 - A Norwegian subsidiary of British energy company Centrica said it unloaded some of its assets in Norwegian waters following a portfolio review.
Washington (UPI) Apr 18, 2016 - Crude oil prices were sharply lower Monday, a day after a production meeting collapsed in Doha, but movement was buffered somewhat by Kuwaiti labor strikes.
Quito, Ecuador (UPI) Apr 18, 2016 - Despite the devastation from a magnitude-7.8 earthquake, Ecuador's government said that most of its energy infrastructure was spared major damage.
New York (AFP) April 18, 2016 - US energy giant ExxonMobil is facing an onslaught from environmentalists and some shareholders alleging it hid what it knew about the effects of fossil fuels on climate change.
