More Energy News

Industry news from the most trusted sources on the Web

BP-Rosneft deal has Russia ceding control, official says

BP Plc (BP/) raising its OAO Rosneft stake shows Russia’s willingness to surrender control over the country’s largest oil producer as the state cuts its business holdings, said First Deputy Prime Minister Igor Shuvalov.  More »

China’s lottery boom sparks social fears

China’s state-run lotteries are thriving with $40bn sales but authorities are accused of doing little to combat social ills that have grown alongside it  More »
President Barack Obama waves after delivering a speech at his swearing-in ceremony at the U.S. Capitol. (AP Photo/Pablo Martinez Monsivais)

Environmentalists hail Obama climate change focus

Environmental groups hailed President Barack Obama’s warning Monday about climate change, but said the president’s words will soon be tested as he decides whether to approve the Keystone XL oil pipeline from Canada to the Gulf Coast.  More »

Abe envoy wants islands dispute shelved

Japanese prime minister has sent a letter to China’s leaders in an effort to defuse an escalating dispute over the Senkaku islands  More »
Victor Lovelady, who was killed while being held hostage at a natural gas facility in Algeria, stands with his family. The photo shows his widow, Maureen Lovelady, and the couple's two children, Erin and Grant. (Family photo)

Second Houston-area man confirmed dead in Algeria

Houstonian Victor Lynn Lovelady was killed in last week’s hostage standoff at a natural gas complex in Algeria, the third American reported dead. See Lovelady’s family talk about their loss.  More »

Republicans seek to avoid debt backlash

A bill introduced by the Republicans to temporarily extend the debt limit avoids confrontation with Obama but still comes with conditions  More »

Kings purchase will return NBA to Seattle

Fund manager Hansen and Microsoft chief Ballmer lead group acquiring Sacramento basketball team that they intend to move 750 miles north  More »

Dell to test Silver Lake’s skills as ‘undertaker’

Silver Lake’s plan to take Dell private will test its 14 years’ experience of conjuring profits out of buying groups that have missed the tide of tech history  More »

European stocks flirt with two-year highs

FTSE All-World equity index up 0.1 per cent as the dollar index barely moves, but Nikkei 225 slips ahead of Bank of Japan policy decision  More »

Atari files for bankruptcy protection

Video games pioneer seeks buyer for titles such as Asteroids after announcing that sole lender BlueBay could no longer provide support  More »

Huawei pledges openness to woo critics

Chinese group says it will disclose financial and shareholding information as it tries to dispel suspicions over links to the country’s military  More »

Salmon farmers go for veggie option

Price of fishmeal has surged to a record high because of a dramatic decline in the number of anchovies harvested off the coast of Latin America  More »