US Court Blocks Exxon From Forcing Payment From Venezuela

A US appeals court rejected an effort by ExxonMobil Tuesday to enforce a $188 million judgment against Venezuela for the 2007 nationalization of the company’s heavy oil operations in that country. While the decision did not rule on the merits of the fine, the three-judge appeals panel overturned a US district court decision saying ExxonMobil … Read more

Malaysia Tackles Tanker Oil Spill

Malaysia is using chemical dispersants to break up an oil slick off its coast after a tanker laden with marine diesel sank last week, a top official said Tuesday. The MT Putri Sea, registered in Malabo, Equatorial Guinea, went down on Thursday in a busy shipping lane off the southern state of Johor, near Singapore. … Read more