Alaska Governor Sean Parnell asked U.S. Interior Secretary Ken Salazar to help expedite an Army Corps of Engineers decision on permits to develop the state’s Point Thomson oil and gas field after it was delayed. More »
In asserting its claims to the tiny islands, rocks and reefs in the South China Sea, China points to records of its ancient mariners. Today, those waters are far more important to China than in the age of the sail. More »
Petroleo Brasileiro SA (PETR4), the world’s worst-performing major oil company this year, is heading for its first annual output drop since 2004 as offshore discoveries fail to counter declines at aging fields. More »
A government spokesman says Iraq has asked French oil giant Total S.A. to choose between working with the self-ruled northern Kurdish region or to quit developing one of the major oil fields in southern Iraq. More »
The budget-cutting zeal that made Republican Rep. Paul Ryan a Tea Party darling and helped land him a spot as Mitt Romney’s running mate doesn’t extend just to defense spending and Medicaid. Oil and gas tax incentives have also been in his crosshairs. More »
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