- The U.S.-based oil giant is questioning the judicial conduct of Nicholas Zambano after the Ecuadorean jurist was dismissed for improperly freeing an alleged drug trafficker.
- Vladimir Putin declared victory in Sunday's election, but it remains to be seen how much power he'll wield over his country's vast stockpiles of oil and natural gas when he returns to the presidency in May.
Apple Crosses $500 Billion in Market Value: Top 5 American Companies in Terms of Market CapitalizationApple saw its stock market value close above $500 billion on Wednesday to become the most valuable company in the world at present.
- An international legal panel based in the Netherlands has decided that it has jurisdiction over a pollution case in Ecuador brought by aboriginals against California-based Chevron. The panel could void damages awarded in the case.
- Everyone agrees the days of cheap gasoline are over. The pain at the pump is forcing people to cut down gasoline usage, and there has been a big drop in gasoline demand in the country. At the same time, domestic production is booming, with the number of rigs just in U.S. oil fields more than quadrupling in the past three years.
- An Ecuadorean court Monday defied an international arbitration panel's request that the country prevent plaintiffs from collecting on billions of dollars in environmental damages from Chevron Corp.
- Transocean crews over the weekend began drilling a relief well off the coast of Nigeria to allow for the proper abandonment of a Chevron Corp. natural gas well that exploded, killed two contractors, sank, and has remained on fire for more than one month.
- Chevron, the No. 2 U.S. energy company, won two small legal victories this week that could lessen potential liabilities over alleged pollution in South America. A court in Ecuador had previously levied an $18 billion fine.
- Departing from a typical runway show, Emilio Cavallini used a sexy, intimate cinematic experience channeling Bettie Page to present his seductive Fall 2012 legwear collection, Risqué Business on Monday at Mercedes-Benz Fashion Week in New York. View the slideshow to see photos of the Emilio Cavallini Fall 2012 collection at Mercedes-Benz Fashion Week in New York.
- After a U.S. appeals court rejected an injunction that Chevron Corp had won to avoid paying up $18 billion penalty to Ecuador over pollution to the country's Amazon region, the multinational energy giant has been accused of bringing in a secret panel of private lawyers to thwart the court judgments.
- Nigerian officials in the country's Delta say pollution caused by the two-week fire at a Chevron natural gas rig is making local people sick, as scores of dead fish wash up on shore, and a local health facility is overrun by those seeking medical treatment.
- Faced with international political tensions, disruptive weather and natural disasters and global economic woes, oil companies in the U.S. and Europe reported overall declining earnings for the fourth quarter, even as they earned. The good news is that the U.S. became a net energy exporter for the first time since 1949.
- ExxonMobil Corp., the world's largest integrated oil and natural gas company, Tuesday reported fourth-quarter earnings up six percent, less than analysts expected, as higher crude oil profits offset weaker refining margins.
- Shares of energy giant Chevron Corp. tumbled Friday after losses from refining operations cut fourth-quarter profit to less than analysts expected.
- U.S. stocks fell on Friday after data showed the U.S. economy grew less than expected in the fourth quarter, while weak earnings from Ford and continued caution over Europe's debt crisis also weighed on the market.