Woodside Petroleum, Australia’s second-largest oil producer, missed its target for completing a deal to buy a stake in a natural gas project in Israel, 15 months after signing an initial accord.
Schlesinger, who died Thursday at the age of 85, built an impressive national-security resume under Republican presidents Richard Nixon and Gerald Ford and served as the nation’s first energy secretary under Democratic President Jimmy Carter during the energy crisis of the late 1970s. More »
Occidental Petroleum Corp., seeking to raise as much as $8 billion by selling a stake in itsMiddle East business, said a political dispute in the region is complicating plans to sell to a single investor group. More »
The project was among a series of initiatives drawn up by Mideast envoy Tony Blair. More »
OPEC crude production rose above its target for the first time in five months as Iraq pumped the most in 35 years, according to the International Energy Agency. More »
Penny Pritzker’s visit comes just weeks before President Barack Obama is scheduled to fly to Saudi Arabia to meet King Abdullah in an effort to patch over strained relations due to U.S. policy on Iran and Syria. It will be Obama’s first visit to Saudi Arabia since 2009.
Soaring costs across the oil and gas industry are threatening to price out emerging markets competing to attract capital, the head of the International Finance Corp. warned Tuesday. More »
Big players in the Eastern Hemisphere have diversified their energy sources and attracted more foreign investment over the past decade, but powerful government interests are often at odds with the energy industry’s drive to maximize profits from commercializing resources, a panel of energy experts said Monday. More »
Iraq’s daily oil exports surged to 2.8 million barrels per day in February, some half million barrels more than in the previous month. More »
The International Energy Agency’s chief economist says the West is making too much of predictions that the United States will surpass Saudi Arabia as the world’s largest producer of oil. More »
Iraq is considering additional measures against Exxon Mobil Corp. over deals the company signed with the semi-autonomous Kurdish region, Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said. More »
Iran said Sunday it plans to introduce a new generation of oil contracts by June that promise to be more attractive to foreign investors as it seeks to significantly boost production should international sanctions hobbling its vital energy industry be lifted. More »