May 18, 2015

Singapore calls on Iran to investigate tanker shooting incident

The Maritime and Port Authority of Singapore (MPA) said Monday that it has requested the Iranian maritime authorities to investigate an incident last week when Iranian vessels fired shots at a Singapore-flagged tanker in the Persian Gulf. Alpine Eternity, the vessel that came under ...

Seattle, like it or not, becomes Shell's Arctic base

May 15, 2015

Seattle, like it or not, becomes Shell's Arctic base

The arrival in Seattle Thursday of an oil rig Royal Dutch Shell is outfitting for oil exploration in the remote Arctic Ocean marks a pivotal moment for an environmental movement increasingly mobilized around climate change. Activists paddling out in kayaks to meet the rig ...

Apr 28, 2015

Abu Dhabi taps Inpex to join $22 billion oil project

Inpex Corp. is joining Total SA to develop the main onshore oil deposits in the United Arab Emirates as Abu Dhabi picks new partners for a $22 billion effort to pump crude from its largest fields. Japan’s state-backed energy explorer will take a 5 ...

Apr 14, 2015

IMF raises Japan's growth forecast to 1% for 2015

The International Monetary Fund said Tuesday it nudged up its economic growth projection for Japan in 2015 by 0.4 point to 1.0 percent in real terms, mainly thanks to the yen’s weakness and lower crude oil prices. Japan’s economy is expected to pick up ...

Apr 12, 2015

Jihadists attack Iraq's largest oil refinery

Islamic State militants on Saturday launched suicide attacks against the Baiji oil refinery, Iraq’s largest, a senior army officer said. The jihadi group claimed it broke in but the army said the site, which has been the scene of fierce battles since IS swept ...