Oil & Gas

US threatens sanctions after Gibraltar court releases Iranian tanker

The U.S. is gravely disappointed with the U.K. after a Gibraltar court allowed the release of an Iranian tanker suspected of hauling oil to Syria, and threatened sanctions against ports, banks and anyone else who does business with the ship or its crew, two administration officials said.


Guest Editor: More firms should follow Statoil’s Syrian lead

Statoil has donated NOK 5million (£465,000) to assist the Red Cross in its efforts to alleviate the humanitarian crisis in war-torn Syria. That's a substantial donation in anyone's language. There are few industries that are more global than oil and gas. It is also difficult to think of any other business sectors that operate in more challenging environments. Making a commitment such as this is both appropriate and heartening.