Oil refiner Caltex Australia announced on Thursday it will close its loss-making 124,500 barrel-per-day Kurnell oil refinery in Sydney after a year-long review, converting it into an import terminal and cutting more than 600 jobs. Australian refiners have been grappling with ageing equipme...

Alberta, the largest source of U.S. oil imports, plans to review the safety of its massive pipeline network after a number of high-profile oil spills prompted calls for action, Ken Hughes, the Canadian province's energy minister, said on Friday. Following consultations with the oil and...

Enbridge Inc moved to assuage critics of its controversial C$5.5 billion ($5.4 billion) Northern Gateway pipeline plan on Friday by adding safety measures that will increase the project's cost by as much as C$500 million. The measures include: increasing the thickness of the pipeline...

The extent of interest in widespread drilling in the Arctic for natural resources such as oil and gas is still uncertain as the commercial viability of exploration in such a remote environment is unknown and huge risks remain, a panel of experts said. High commodity prices and concerns abo...

Nigerian regulators have told parliament that Royal Dutch Shell should be fined $5 billion for environmental damaged caused by an oil spill at its offshore Bonga field, one of the biggest in the history of Africa's largest energy industry. Shell said on Tuesday there was no legal basis...