ICC panel: PDVSA owes ConocoPhillips $2 billion

ConocoPhillips has received confirmation through international arbitration that Petroleos de Venezuela SA owes it $2.04 billion as contractual compensation for Venezuelan properties nationalized in 2007.  Source: News


Congressional Democrats ask Zinke to delay Beaufort Sea lease sale

Four congressional Democrats, including the ranking minority members of the Senate Energy and Natural Resources Committee and the House Natural Resources Committee, urged US Interior Sec. Ryan Zinke to delay a federal offshore oil and gas lease sale in the Beaufort Sea off Alaska. Source: News