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Saudi billionaire prince urges less reliance on oil
Saudi billionaire prince Alwaleed bin Talal has warned global demand for the kingdom's oil is dropping, urging revenue diversification and investment in nuclear and solar energy to cover local consumption. ... more
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Israeli navy grapples with defending Med gas fields
Amid signs Israel's effort to patch up relations with one-time ally Turkey is in difficulties, the prospect of exporting gas from offshore fields to Europe via a pipeline under the eastern Mediterranean to Turkey would seem to be dimming. ... more
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Halliburton admits destroying US oil disaster evidence
Halliburton, the US energy services giant, has admitted destroying evidence relating to the 2010 Deepwater Horizon oil rig explosion in the Gulf of Mexico, the worst such disaster in American history. ... more
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Blast halts Iraq oil exports to Turkey
A bomb hit a pipeline carrying oil from Iraq to Turkey on Sunday, stopping exports, a police officer and a senior official from the North Oil Company said. ... more
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