President of Climate Change Summit Host Nation Calls Oil a 'Gift from God,' Slams Criticism of Emissions as 'Western Fake News'
Azerbaijan's President Ilham Aliyev slammed the West's hypocrisy around emissions while hailing oil and gas as a "gift of God" during his opening remarks at COP29.
Crisis Ridden Venezuela Rocked by Massive Explosion at Natural Gas Complex
Last month, an oil storage tank explosion in the country's biggest oil producing state left at least 18 people with minor injuries
Oil: 'Mother Of Corruption' In Venezuela
Long the country's only notable export and foreign currency earner, oil became a doorway to political and economic power.
Venezuela Threatens to Halt Deportation Flights if US Continues Resumption of Sanctions
Venezuela threatened to halt deportation flights after sanctions were reimposed by the United States on its oil and gas sector.
Who Is Seeking to Invest in Venezuelan Oil Amid Easing of U.S. Sanctions?
The easing of sanctions in Venezuela has renewed interest in Venezuela
US To Ease Venezuela Oil, Gas Sanctions After Election Deal
The United States will ease some oil and gas sanctions against Venezuela after the South American country's government and opposition agreed to hold elections next year, the Treasury Department said Wednesday.
Russia's Reaction To US-Led Price Cap Threatens To Tighten Global Crude Oil Market Supply
Russia's response to a US-led price cap plan threatens to tighten the global crude oil market supply.
Wife Pours Hot Cooking Oil On Husband After Argument Over His Extramarital Affair
A woman has been accused of pouring hot cooking oil on her husband after an argument ensued between them over his extramarital affair at Kulsumpura, Hyderabad, India on Wednesday, Sept. 7.
Man Forced Wife's Face Into A Pan Of Boiling Oil Following Dispute Over Fried Potatoes
A Jordanian man allegedly forced his wife's face into a pan of boiling oil following a dispute over fryied potatoes.
Wendy's Drive-Thru Customer Doused With Hot Oil, Left With Severe Burns After Manager's Attack
A Wendy's drive-thru customer who complained that his order was cold was reportedly doused with hot oil by the restaurant manager.
Ex Shell Employees Siphoned Over $150 Million In Gas In Massive Oil Heist Conspiracy
Two former Shell Eastern Petroleum employees have been hit with more than 15 years behind bars on Monday following their involvement in the theft of nearly $150 million worth of gas oil, the largest heist of such kind Singapore has ever seen.
Will The Obama Administration Impose Sanctions On Venezuela? Marco Rubio Leads The Push
Lawmakers in Florida have pushed the Obama administration to punish the Venezuelan government for violence against demonstrators.
Mexican Energy Reform Bill Introduced By Lawmakers; Leftist Parties Denounce 'Betrayal Of Country'
Lawmakers from the governing Institutional Revolutionary Party (PRI) and the conservative National Action Party (PAN) plan to push through Mexican Congress a bill which would allow foreign oil firms to exploit Mexican petroleum. The Party of the Democratic Revolution (PRD) and a coalition of smaller left-wing parties say it betrays the country in favor of foreign interests.
US-Mexico Oil Treaty Stalls As House Balks At Making Firms Disclose Payments To Foreign Governments
Republicans in the House of Representatives have slowed the passage of a US-Mexico treaty over a provision which would make oil and gas companies disclose their payments to foreign countries.
Giant Armadillo, Crocodile And Saber-Toothed Tiger Fossils Found In Venezuela Oil Fields
Paleontologists have found fossils in a Venezuelan oil field, including that of a giant armadillo, crocodile and a saber-toothed tiger.
Yasuni National Park Conservation Plan Fails; Ecuador President Threatens To Take Newspapers 'All-Digital'
In a Twitter comment earlier this week, Ecuadorian President Rafael Correa struck back against press outlets which had criticized his lifting of a ban on oil drilling in the country’s Yasuni National Park, mocking their pro-environmental stance and threatening to propose legislation making newspapers “all-digital” to save paper.
Ammonia Leak In Mexico Pemex Pipeline Kills 7 In Oaxaca
Pemex, Mexico’s state oil company, confirmed on Wednesday afternoon that seven victims of an ammonia leak at the Antonio Dovalí Jaime refinery in the state of Oaxaca have now died. At least three others are still being treated for injuries suffered when a leaky pipeline caused an explosion, and some forty others suffered from inhaling the ammonia.
Pemex Oil Reform: How Bad Off Is Mexico's State-Owned Oil Company? [VIDEO] [EXCLUSIVE INTERVIEW]
As Mexico’s left digs in its heels, President Enrique Peña Nieto and backers of his plan to reform Pemex by way of constitutional changes are hoping a long-term gamble will pay off – and not leave Mexico strapped for cash.
Enrique Pena Nieto, Mexico President, Presents Energy Reform Plan: 5 Ways It Will Affect State Oil Company Pemex
Mexican President Enrique Peña Nieto is proposing one of the most dramatic reforms in Mexican politics in years. Here's five things to know about his plan.
US, Mexico Energy Relations: US To Invest In Oil Refinery As Mexico President Pena Nieto Readies Energy Reform Plan
Mexico’s state oil company Pemex is looking to invest in refining equipment belonging to US oil companies to boost its efficiency. Meanwhile, Mexican President Enrique Peña Nieto is preparing to present a plan to Congress this week which would open the company to private investment – a plan which promises to shake the bedrock of the Mexican political scene.
Mexican Opposition Party Calls For Referendum On Reform Of State Oil Company Pemex
The leftist Party of the Democratic Revolution (PRD) says it won't push for any change to the Mexican constitution before the people weigh in on a reform which would open Pemex, Mexico's state oil company, to private investment. A 2012 poll showed widespread disapproval of the idea among Mexicans.
Fish Oil Study: Can Omega-3s Give You Cancer?
New study finds out more about fish oil supplements.
Lac-Megnatic Fire: Death Toll Rises In Oil Tanker Explosion [VIDEO]
Death toll expected to rise as fire continues to burn from runaway tanker explosion.
Peña Nieto, Mexico President, Says Pemex Will Not Be Privatized But Reformed
The Mexican president has begun pushing again for reforms to Mexico's state oil company to open it up to foreign and private investment. But he has been unclear about how that will be done without amending Article 27 of the country's constitution, which gives Pemex exclusive rights to oil and gas production.
Brazil On Alert Following Ecuadorian Oil Spill
Brazil is placed on alert following an oil spill in Ecuador that has already caused damage in Peru.
Hugo Chávez Dead: How Much Was The Venezuelan President Worth?
Risk analysts believes Hugo Chávez amassed a fortune of $1 billion.
Hugo Chávez Dead: Who Will Be The Next Venezuelan President?
Hugo Chávez, who has governed Venezuela since 1999, died Tuesday at the age of 58. His official successor is not yet known.
Colombia Rebels Free Seized Oil Workers, Kill Four Soldiers
Colombia's FARC rebels freed three oil contractors kidnapped on Wednesday on Thursday.
New York Harbor Oil Network Slowly Recovering after Sandy
The New York area's energy network slowly resumed operations on Friday, five days after Hurricane Sandy shut down the pipelines, fuel terminals and refineries that serve the country's densest consuming region.
Hurricane Sandy Forces Oil Refinery Shut Downs: Gasoline Prices To Reach New Highs
Hurricane Sandy forces oil refineries on U.S. East coast to close operations. Gasoline prices are expected to spike in the days ahead.