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Yahoo! News: Business - Energy & Oil Industry
Business - Energy & Oil Industry

BP preparing "vigorously" for oil spill lawsuits (Reuters)
Reuters - BP said it was preparing "vigorously" for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices and one-off gains.
Oil hovers near $97 as traders eye US supplies (AP)
AP - Oil prices hovered near $97 a barrel Tuesday in Asia amid trader concern U.S. crude supplies will continue to rise because of weak demand.
Canada's Harper in China visit focused on energy (AP)
AP - Canadian Prime Minister Stephen Harper is visiting China to discuss oil sales and other economic ties following U.S. President Barack Obama's rejection of a pipeline carrying Canadian oil across the continental United States.
After U.S. oil snub, Canada focuses on China (Reuters)
Reuters - Canada will focus on exporting oil and other goods to China and other booming Asian economies even if Washington overturns its decision to block a pipeline that would have sent more Canadian crude to the United States.
US oil prices fall below $97 (AP)
AP - U.S. oil prices fell below $97 per barrel Monday as growing supplies offset moves by President Barack Obama and other Western leaders to make it tougher for Iran to sell crude. Here's how energy contracts traded.
Italian industries see cuts in Russian gas (AP)
AP - Italy announced emergency energy measures Monday, cutting gas supplies to some industries to make sure that private homes stayed warm during a severe cold spell.
Nigeria names seven behind Eni pipeline blast (Reuters)
Reuters - Nigeria's military has named seven people it says were behind an attack on an oil pipeline belonging to Italy's Eni on Saturday, and denied a claim that a former separatist militia in the Niger Delta was responsible.
Massachusetts gas prices edge up another 2 cents (AP)
AP - Massachusetts residents are paying two more cents a gallon at the gas pump, the seventh consecutive week of increases.
With oil pipeline attack, Niger Delta rebels announce return (The Christian Science Monitor)
The Christian Science Monitor - With the destruction of a major oil pipeline in Nigeriaâs oil-rich Niger Delta region, Nigeria now has two major internal threats to deal with.
Chevron rig burns off Nigeria as damage hits shore (AP)
AP - As a fire at a Chevron Corp. gas rig off Nigeria's coast continues to burn, locals say they're seeing signs of its effects on the environment and the health of those living nearby.
Explosion rips through main Syrian oil pipeline in Homs (Reuters)
Reuters - An explosion ripped through an oil pipeline feeding a main refinery in the city of Homs on Monday and a plume of smoke was seen rising from the site, residents and activists said.
Report: Iran navy rescues tanker from pirates (AP)
AP - Iran's state TV reports that the country's navy has opened fire on pirates to foil an attack on an Iranian oil tanker near the Gulf of Aden.
Sierra Club Received Millions from Natural Gas Industry (ContributorNetwork)
ContributorNetwork - According to a blog post from Sierra Club Executive Director Michael Brune, the environmentalist organization accepted millions of donated dollars from the natural gas industry to fight against coal-fired plants nationwide. Here are the details.
Nigeria oil line on fire; militants claim attack (AP)
AP - An Eni SpA oil pipeline ruptured and caught fire as a militant group claimed responsibility for an attack in the region, their first alleged assault in months as its purported leader awaits trial on terrorism charges in South Africa.
Blast hits Egypt's gas pipeline to Israel (Reuters)
Reuters - An explosion hit a gas pipeline running from Egypt to Israel Sunday, the latest in a series of attacks on the installation that crosses the increasingly volatile Sinai region, witnesses and state media reported.
Militants claim attack on Nigeria Eni oil pipeline (Reuters)
Reuters - A Nigerian militant group based in the oil-producing Niger Delta said on Sunday it had attacked an oil pipeline owned by Italian firm Eni where witnesses said there was a fire late on Saturday.
Israeli prospector says natural gas found offshore (AP)
AP - American and Israeli gas prospectors say they have discovered a large amount of offshore natural gas in Israeli waters near the Lebanese border.
Egypt to try 19 Americans in case straining ties (AP)
AP - Ignoring a U.S. threat to cut off aid, Egypt on Sunday referred 19 Americans and 24 other employees of nonprofit groups to trial before a criminal court on accusations they illegally used foreign funds to foment unrest in the country.
Russia admits brief cut of gas supplies to Europe (AP)
AP - Russia's state-controlled Gazprom natural gas giant acknowledged for the first time Saturday that it had briefly reduced gas supplies to Europe amid a spell of extreme cold.
Iran says oil ban will not halt nuclear work (Reuters)
Reuters - Iran's oil minister said the Islamic state would not retreat from its nuclear program even if its crude oil exports grind to a halt, the official IRNA news agency reported on Saturday.

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