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Gas problem for Norway and Russia

September 03, 2010

Lower prices on natural gas mean lower budget revenues for both Norway and Russia. It could also cast shadows over pl..

Challenge to Nord Stream rejected

September 03, 2010

ZUG, Switzerland, Sept. 2 (UPI) -- Appeals challenging a permit to build the Nord Stream natural gas pipeline in Finn..

BP preparing Gulf of Mexico report

September 03, 2010

LONDON, Sept. 2 (UPI) -- A failed blow-out preventer and inadequate sealing were among the likely causes of the explo..

U.S. drilling ban overturned -- again

September 03, 2010

WASHINGTON, Sept. 2 (UPI) -- A motion filed by the U.S. federal government to dismiss a lawsuit challenging a morator..

BP sinking cash into Azerbaijan

September 03, 2010

BAKU, Azerbaijan, Sept. 2 (UPI) -- More than $25 billion was spent on developing the natural resources in Azerbaijan ..

Gas talks on Baku agenda for Medvedev

September 03, 2010

BAKU, Azerbaijan, Sept. 2 (UPI) -- A deal to increase the volume of Azeri natural gas to Russia is on the agenda for ..

Norway offshore on course for record spend

September 03, 2010

Statistics Norway said today that oil and gas investments - the core driver of Norway's economic growth - were on tra..

All crew accounted for in Gulf blast

September 03, 2010

US Coast Guard said the fire has been doused and there is no oil sheen on the water after a reported "explosion&..

Algeria calls for bids

September 03, 2010

Algeria launched a licensing round for 10 oil and gas contract areas today, inviting energy companies to submit bids ..

Petrobras aims to raise reserves by 35 percent

September 03, 2010

Brazil's state-run oil company Petrobras's proven oil reserves could rise 35% as a result of access to new fields thr..

IEA says Opec dependency to rise

September 03, 2010

Dependency on oil produced by Opec countries is set to rise in the next 5 to 10 years as non-Opec supplies are set to..

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