Iran Says It Will Block Oil if West Sets Sanctions

Iran said it would close off the world’s most important oil transit point if Western powers try to limit its oil sales...

Source: www.nytimes.com

BP to continue test, seepage unrelated to well

Energy giant BP Plc can extend a test on its capped Macondo oil well in the Gulf of Mexico after determining that nearby seepage is not related to the test

Document shows BP estimates spill up to 100,000 barrels per day

An internal BP Plc document released on Sunday by a senior US congressional Democrat shows that the company estimates that a worst-case scenario rate for the Gulf of Mexico oil spill could be about 100,000 barrels of oil per day.

Oil Biz: Meet The Powerful "7 Sisters"

The Power of Petroleum:

The Seven Sisters of the petroleum industry is a term coined by an Italian entrepreneur, Enrico Mattei,that refers to seven oil companies that dominated mid 20th century oil production, refining, and distribution.

The "New Seven Sisters"
On 11 March 2007, the Financial Times identified the "New Seven Sisters":

The most influential and mainly state-owned national oil and gas companies from countries outside the OECD.

They are:

Saudi Aramco (Saudi Arabia)
JSC Gazprom (Russia)
CNPC (China)
NIOC (Iran)
PDVSA (Venezuela)
Petrobras (Brazil)
Petronas (Malaysia)