Chinese solar giant Suntech said it has defaulted on a $541 million bond default on the latest sign of the financial squeeze on the struggling global solar industry.

Now bringing technology from California to the region to squeeze more oil out of ageing fields.

The Iraqi Oil Ministry says seven international oil firms have qualified to bid for developing a promising oil field and build a refinery in the country's south.

GABD, Iran (AP) — The leaders of Pakistan and Iran pushed ahead with a pipeline to bring natural gas from Iran despite American opposition, and the Iranian president declared the West has no right to block the project.

Venezuela's oil production is poised to reverse a dramatic decline that has seen exports fall by nearly half during Hugo Chavez's time as president.

A federal judge will preside over a high-stakes trial for the raft of litigation spawned by the 2010 deadly rig explosion in the Gulf of Mexico.