Alena Flores

Anadarko Petroleum Corporation forged a settlement agreement with nternational oil and gas firm BP regarding claims related to the Gulf of Mexico oil spill in 2010 .

Italian oil and gas firm Eni has started production from the Kitan oil field located between Timor-Leste and Australia, with production expected to peak at 40,000 barrels per day.

BHP Billiton’s multi-billion dollar Olympic Dam Expansion Project has gotten approval from the Minister for Mineral Resources Development Tom Koutsantonis, but still subject to certain conditions.

Sinopec of China acquires Daylight Energy of Canada for C$2.2 billion.

Some of Walmart stores in Chongqing were ordered shutdown due to alleged mislabeling of its pork products and some Walmart officials were detained pending the result of the investigations.

Emirates Airlines will sponsor London’s new cable car river crossing, to be known as the Emirates Air Line, in a ten year deal worth £36 million, according to London Mayor Boris Johnson.

Despite the ongoing unrest in Libya, Heritage Oil Plc, an independent upstream exploration and production company acquired a majority stake in a oil company that will allow it to tap Libyan oil .

The Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) has called on governments to phase out subsidies on production and consumption of fossil fuels as subsidies paid by governments and taxpayers reached about half a trillion US dollars last year.

Ashton has agreed to sell 10 % of its stake in Maules Creek Project for A$370 million to J-Power Australia Pty Ltd, subsidiary of J-Power of Japan.

Environment Minister Tony Burke has approved the liquefied natural gas project proposed by Chevron in Western Australia’s Pilbara region following a rigorous assessment, he had approved Chevron’s proposed Wheatstone liquefied natural gas project under the Environment Protection and Biodiversity Conservation Act, "with strict conditions."

ERM Power has received environmental approval from the Western Australia government for its proposed $500 million Three Springs power station and 60 kilometer gas pipeline in Western Australia.

GVK Group of India is set to close the funding requirements for its US $1.2 billion acquisition of Hancock Coal in Australia in the next few weeks.

Esprit has turned to the Chinese market to help increase its profitability and has embarked on a four-year investment program that will cost HK $18 billion.

Qantas said more than 6,100 passengers will be affected on Tuesday by the Transport Workers Union's strike as the airline will be forced to cancel 28 flights and delay a further 27 flights by up to 35 minutes.

The Western Australian Government and China’s key economic planning body have agreed to work together to promote bilateral business and investment, according to WA Premier Colin Barnett.

Australians are feeling the negative effects of natural disaster s and calamities on the national economy.

Melbourne and Sydney are featured in the Top 10 list of cities with the highest increase in hotel prices worldwide in the first half of the year, according to the latest Hotels.com® Hotel Price Index.

Oman’s Ministry of Transport and Communications (MOTC) has awarded a US$300 million contract to HLG, one of the leading multi-disciplined contractors in the Middle East and North Africa and a subsidiary of the Leighton Group of Australia for a road improvement project.

QGC reported a gas leak at the company's Berwyndale South gas field but repair is ongoing.

President Obama will visit Australia next month after two failed attempts last year.

The Australian securities regulator is investigating Hanlong Mining for suspected insider trading and has obtained freeze order on the assets of company officials.

Cochlear announced a voluntary recall of its unimplanted Nucleus CI500 cochlear implant range but assures that in case of failure, the implant will not result to injuries.

The Swatch Group has severed its cooperation contract with Tiffany & Co. for allegedly delaying the development of the business and the company is preparing to file a case seeking compensation for the loss of the planned future business.

Australian medical doctors are seeing a rise in sexually transmitted disease as more and more highly-paid workers take vacations in Asia.

Coca Cola pursues alternative fuel vehicles through the launch of the latest e-trucks to reduce costs and promote a cleaner environment.

Target plans to open 50 small- sized stores called Urban by Target in next four years to increase sales.

Australia is pushing for a comprehensive reform package to the Australian shipping industry to allow it to be more internationally competitive, according to Infrastructure Minister Anthony Albanese.

Nexteer Australia has received government funding of $63 million to help develop and manufacture its innovative lightweight technology and create more than 250 jobs in Australia.

Ferrier Hodgson, an accounting firm specializing in insolvency, has been appointed as receiver of Solar Shop Australia Pty Ltd., Australia's largest provider of solar PV systems, a move that has shaken and disappointed the solar industry.