BAGHDAD – The Iraqi government has approved a deal with a consortium led by British giant BP PLC to develop a prized oil field in the south in a major step forward for the country’s oil industry.
BP, which was booted from the country in 1972 when Saddam Hussein nationalized the oil industry, and its partner [...]

By Leonora Walet and Bruce Hextall
HONG KONG/SYDNEY, April 8 (Reuters) - At first glance, a new day seems to be dawning for the overshadowed solar sector in Australia, the world’s sunniest continent.
The government is pushing through a carbon trading scheme that will penalise big greenhouse gas emitters; a major piece of renewables legislation is due [...]

By JAD MOUAWAD
The Obama administration wants to reduce oil consumption, increase renewable energy supplies and cut carbon dioxide emissions in the most ambitious transformation of energy policy in a generation.
But the world’s oil giants are not convinced that it will work. Even as Washington goes into a frenzy over energy, many of the oil companies [...]

Royal Dutch Shell weighed on energy stocks on Tuesday after the oil major said it fell short of replacing its reserves as it moved to prepare for a steep slide in oil prices.
Energy stocks fell across the board, pulled down by weakness in the broad market and slack oil prices.
The Amex Oil Index (XOI) [...]

By Maher Chmaytelli and Ayesha Daya
Nov. 30 (Bloomberg) — OPEC deferred a decision on reducing production this year by two weeks to gauge the impact of earlier cuts, as it seeks to push oil prices back up to $75 a barrel.
Crude has dropped 62 percent from July’s record of $147.27 a barrel as the global [...]

By Eduard Gismatullin
Nov. 27 (Bloomberg) — BP Plc, Europe’s second-largest oil company, said the European Union should “lower tariff and other trade barriers” to encourage ethanol imports from Brazil and other nations to meet biofuel consumption targets.
BP and some U.S. universities are investing about $500 million in research into turning waste biomass into biofuels that [...]

Sanjay Jog
Notwithstanding the ongoing global meltdown, Deutsche Bank and BP are bullish on investment opportunities in India’s renewable sector.
Both Deutsche Bank and BP assert that though there may be financial problems in the short term, the situation will be quite comfortable in medium and long term for India’s renewable sector. The intentions of [...]

The Cabinet Committee on Economic Affairs (CCEA) today approved the award of 44 oil and gas exploration blocks under the seventh round of auction of the New Exploration Licensing Policy (Nelp-VII). The allotment is expected to attract investments of $1.5 billion, around 57 per cent less than the $3.5 billion commitment for the [...]

By Sarah Thompson
Nov. 14 (Bloomberg) — U.K. stocks rallied, led by energy producers, as investors speculated the recent rout in commodity shares is overdone. BP Plc, Europe’s second-largest oil company, and Anglo American Plc gained.
The benchmark FTSE 100 Index added 150.38, or 3.6 percent, to 4,319.59 at 12:25 p.m., trimming its decline this week to [...]

By Sarah Thompson
Nov. 10 (Bloomberg) — U.K. stocks rose for a second day, led by energy producers, after China unveiled a $586 billion plan to stimulate the world’s biggest contributor to economic growth, and oil and copper prices rallied.
BP Plc, Europe’s second-largest oil company, and Rio Tinto Group, led the advance. British Airways Plc jumped [...]