Tillerson grilled by US Senate

Former ExxonMobil chief executive Rex Tillerson faced a US Senate committee hearing over his potential Cabinet appointment to the incoming Donald Trump administration on Wednesday as Upstream was going to press, write Caroline Evans and Eoin O’Cinneide.

Perry set to divest stock

Former Texas governor Rick Perry has agreed to divest his holdings in the company behind the contentious Dakota Access pipeline as he prepares for a seat in Donald Trump’s Cabinet.

Timor Sea treaty pulled

Timor-Leste has notified Australia of its wish to terminate the treaty which sets out the division of revenue between the two countries from the undeveloped Greater Sunrise oil and gas field in the Timor Sea, writes Josh Lewis.

Optimism over fresh Cyprus discussions

Turkish and Greek Cypriot leaders have opened discussions in Cyprus on possible unification of the divided island’s two communities, with United Nations officials expressing fresh optimism over a possible deal.

Hopes over ban in Arctic

A ban on Arctic exploration activity in the Canadian sector of the Beaufort Sea over the next five years may not yet be as detrimental to explorers seeking licence extensions as some reports have suggested, writes Tonya Zelinsky.