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With major oil firms again slashing the prices of their fuel products by token 25 centavos per liter, Energy Secretary Angelo Reyes yesterday tossed …

Insurers are charging 50% more for policies covering oil rigs in deep water after an explosion on a BP P.L.C.-leased platform in the Gulf of Mexico triggered the worst spill in U.S. history, Moody's Investors Service said.

ROYAL Dutch Shell will sell full or part-stakes in as many as 9000 petrol stations worldwide and cut a further 1000 jobs as it intensifies its global cost-cutting.

Venezuelan President Hugo Chavez promised to call on his Latin American allies to recognize the independence of Abkhazia and South Ossetia, two separatist Georgian regions considered autonomous states by just four countries around the world.

A strong earthquake has struck eastern Turkey, killing at least 57 people, officials have said.

The 1,220 km long Nord Stream pipeline will be 1.4 billion EUR more expensive than estimated in 2008.

With industry interest reawakened by recent deepwater, sub-salt gas finds offshore Israel, the eastern Mediterranean and Levantine Basin today loom large on the frontier exploration agenda.

A Policy analyst at IMANI Ghana is questioning the reasonableness of an agreement which will see 20 years of Ghana's oil proceeds mortgaged for affordable houses to be built by South Korean construction firm, STX.

On December 15, 2011, Momar Nguer was appointed Senior Vice President, Africa/Middle East at Total Supply & Marketing. 

Russian business tycoon Viktor Vekselberg will coordinate a project to build a high-tech research and production hub, similar to the Silicon Valley in California, President Dmitry Medvedev said on Tuesday.

Despite rising optimism about the economy, the US Energy Information Administration on Tuesday again slashed its forecast for 2009

Ten people have been arrested in the US and charged with spying for Russia.

A Russian-Bulgarian agreement on the South Stream gas pipeline project should be changed so that other European Union countries have access to the pipeline, European Commission representative Marlene Holzner said on Monday

Arkadiy Abramovich, the 17-year-old son of Russian billionaire Roman Abramovich, is seeking to snap up oil and gas assets in Russia and the former Soviet Union, potentially making a purchase early next year.

Russia has the world’s strictest regulations on offshore oil production, but lags seriously behind with regard to emergency preparedness, a leading official in the country's main environmental watchdog says.

Falkland Oil & Gas (FOGL) has announced its Toroa F61/5-1 exploration well, located in the Falkland Islands, has failed to discover any hydrocarbons and has, therefore, been sealed and abandoned.

Bulgaria has failed to pay its share for the Burgas-Alexandroupolis oil pipeline, which has affected the project, according to a senior Transneft official.

Ukraine has proposed that Russia and the European Union build a new gas pipeline across its territory to increase Russian gas transit to Europe, President Viktor Yanukovych said on Friday.

Russia's railway monopoly RZD, top high-speed train service Aeroexpress, and Germany's Siemens signed a deal on production of new generation electric trains.

Following the meeting of the Presidium of the Russian Federation Government, TNK-BP (further “the Company”) wishes to state the following: