Russia ordered to pay $50 billion for taking over Yukos

Jul 28, 2014

Russia ordered to pay $50 billion for taking over Yukos

An international court on Monday ordered Russia to pay over $50 billion in compensation to the former majority shareholder of now-defunct oil producer Yukos over the expropriation of the company more than 10 years ago. In one of the largest arbitration cases ever, a ...

Jul 28, 2014

Xinjiang extremists may have joined Iraq conflict, China envoy says

Muslim extremists from China’s far western region of Xinjiang have gone to the Middle East for training and some may have crossed into Iraq to participate in the conflict there, China’s special envoy for the Middle East said on Monday. China has repeatedly expressed ...

China keeps fishing fleet connected in disputed waters

Jul 28, 2014

China keeps fishing fleet connected in disputed waters

On China’s southern Hainan island, a fishing boat captain shows a Reuters reporter around his aging vessel. He has one high-tech piece of kit, however: a satellite navigation system that gives him a direct link to the Chinese coast guard should he run into ...

Jul 22, 2014

China's Xi signs Venezuela resource deals during Latin America blitz

Chinese President Xi Jinping signed a raft of oil and mineral deals with Venezuela Monday, his latest stop on a Latin American tour showcasing China’s growing influence in the region. During his four-country visit to what is often considered America’s back yard, Xi has ...

Obama opens East Coast to sonic oil search surveys

Jul 19, 2014

Obama opens East Coast to sonic oil search surveys

The Obama administration is reopening the U.S. Eastern Seaboard to offshore oil and gas exploration, approving seismic surveys using sonic cannons that can pinpoint energy deposits deep beneath the ocean floor. Friday’s announcement is the first real step toward what could be a transformation ...

China studies floating gas plants for South China Sea

Jul 17, 2014

China studies floating gas plants for South China Sea

by Chen Aizhu

Chinese energy giant CNOOC Group is studying the possibility of building a multibillion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea. While the state-run company has ...

Shale oil to push U.S. past Russia, Saudi Arabia

Jul 10, 2014

Shale oil to push U.S. past Russia, Saudi Arabia

Four years into the shale revolution, the U.S. is on track to pass Russia and Saudi Arabia as the world’s largest producer of crude oil, most analysts agree. When that happens and by how much, though, has produced disparate estimates that depend on uncertain ...

Study shows how fracking causes some earthquakes

Jul 4, 2014

Study shows how fracking causes some earthquakes

A new study explains how four wells forcing massive amounts of drilling wastewater into the ground are probably shaking up Oklahoma. Those wells seem to have triggered more than 100 small and medium earthquakes in the past five years, according to a study published ...