US-based ExxonMobil, the biggest privately-controlled oil company in the world, will make a new investment in Russia for the first time in over a decade as Moscow seeks to thaw its frosty investor climate and keep its oil flowing.

Sacked workers plan a public burning of dismissal letters from the Total oil company, whose £200m project has been dogged by disputes over foreign labour and alleged breaches of national agreements. None of the 647 steel erectors, platers and welders plan to meet the company's demand that they formally reapply for their jobs as a condition of talks starting. Total was due to meet the GM...

Italy is returning ownership to Russia of an Orthodox church named after St. Nicholas in a goodwill gesture toward Moscow and the Orthodox faithful.

Italy is returning ownership to Russia of an Orthodox church named after St. Nicholas in a goodwill gesture toward Moscow and the Orthodox faithful.

Surely the best, the most costly, the most painful option would be to offer Russia EU membership. Just think of the extra bells and whistles the Galileo satnav project could be equipped with if all that Gazprom oil and gas windfall profit could be hijacked by the Eurocrats. Go for it Sarko! Tell the Russians the advantages of membership (the UK pays the bills).

BP was considered an enlightened oil company in Washington before an explosion on the Deepwater Horizon oil rig killed 11 men and sent thousands of barrels of oil gushing into the Gulf of Mexico.

Alan Duncan, the shadow business secretary under fire for spending too much time on outside business interests, is contracted to work four weeks every year for an oil company. The MP for Rutland and Melton is being paid £35,000 a year to work 20 days by Arawak Energy, an exploration company with interests in Russia, Kazakhstan and Azerbaijan. The disclosure of Duncan's terms and con...

Moscow now has its sights set on Spain's largest oil company.

Events at the TNK-BP oil company, NATO and the UN reaffirm the Kremlin's otherness.

From the Miami Herald: "Venezuela's state oil company is suspending a much-promoted program that provided free heating oil to hundreds of thousands of poor people throughout the United States, the company announced Monday". It would have been amusing to watch Livingstone wriggling on the hook if he had been re-elected with his oil for publicity 'transport consultancy' deal that he c...