the Venezuelan state oil company PDVSA and the Russian company Gazprom began drilling for gas in the Gulf of Venezuela. Government officials from both energy giants further concretized an alliance ...
Saudi Aramco, the world's biggest state-owned oil company, said a further drop in crude oil prices may curtail investments needed to offset declining output in aging fields. Investment is also needed ...
OPEC nations could further reduce oil output if moves last month to slash production do not bolster plummeting oil prices, OPEC president Chakib Khelil said Saturday. Khelil, who is also Algeria's ...
Iraq said on Saturday that the falling global oil price has forced Baghdad to cut its 2009 budget to 67 billion dollars at a time when the country, owner of ...
AGL Energy Ltd., Australia's biggest power and gas retailer, said it agreed to sell its oil and gas interests in Papua New Guinea, including a 3.6 percent stake in a ...
The value of Russia's oil funds rose 4 percent to $197.4 billion in October after the transfer of taxes from oil revenue, the Finance Ministry said. The National Wellbeing Fund held ...
Global miner Freeport-McMoRan Copper & Gold said on Saturday it is considering delaying an expansion project aimed at extending the life of its El Abra joint venture with Chile's Coldelco. Freeport-McMoRan ...
Brazil has inked a multi-million-dollar deal to explore for oil off the Cuban coast, joining India, Vietnam, Malaysia Spain, Norway and Venezuela in cash-strapped communist Cuba's quest for black gold.
