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BP sheds oil field stake in Brazil
BP is selling its substantial stake in one of 14 oil interests in Brazil as part of a global portfolio optimization program, the company said. ... more
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Iraq: Shell's $17 billion gas project 'a milestone'
Iraq has inaugurated a $17 billion natural gas project run by Royal Dutch Shell that the Financial Times hails as a "milestone" in the country's postwar recovery, even as the Oil Ministry is scaling back ambitious oil production targets. ... more
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Taiwan wavers on F-16 deal
Taiwan said Monday that it needs fighter jets which are more advanced than the upgraded F-16 announced by the United States, suggesting that it was dropping its bid for dozens of the aircraft. ... more
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Iraq signs $830 million deal for more F-16s
Amid growing concerns the Middle East faces major security threats, Iraq has ordered a second batch of Lockheed Martin F-16IQ fighters worth $830 million. ... more
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