British-Russian venture TNK-BP is pressing ahead with a gas utilisation programme as the russian government threatens to punish oil firms for gas flaring, the firm's top executive said on Thursday, July 26.

Is skullduggery by the oil giant Shell in far away Nigeria responsible for crimping the flow of oil, resulting in artificially inflated oil prices and alleged price gouging at the gas pump?

Gas shortage in Nigeria will soon be over following the fixing of the Shell pipeline, Mr. Funsho Kupolokun, the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), has said.

Pakistan and India have agreed on a formula for the price of natural gas to be pumped through a pipeline that will link the three countries, India’s Asian Age daily said.

A new study finds that diamonds probably don't crystallize in the atmospheres of planets such as Uranus and Neptune. The conclusion is contrary to recent speculation that small diamonds would spontaneously form in carbon rich layers of the gas giant planets. White dwarf stars, according to the study, are veritable diamond factories.

An "Uzbekistan Today" journalist Bobur Kommilov believes Uzbekistan is potential giant in regional power-energy generation due to the wide-scale reforms being carried out in this direction.

David Greer, Project Director and Deputy Chief Executive of Sakhalin Energy responsible for the $22 billion Sakhalin-2 project owned by the Russian energy giant Gazprom, has resigned after being exposed as a plagiarist after circulating a motivational memo. Greer, a Royal Dutch Shell Executive, was on assignment to the project.

John C. Coffee, a Professor of Law at Columbia Law School has speculated that a U.S. global class action trial arising from the Royal Dutch Shell oil and gas reserves fraud in 2004, could put Shell in danger of insolvency.

GE Oil & Gas has been awarded a contract to supply two gas turbine-driven Turbocompressor trains to the Abu Dhabi Gas Liquefaction Company (ADGAS).

On May 30th, White Nile Ltd, a London Stock Exchange, AIM quoted oil and gas exploration company centred on Southern Sudan and the surrounding region, issued the statement below.

A British campaign group, Hands Off Iraqi Oil, has singled out the role of Shell, which it said had been working closely with Britain and the U.S. to create a policy to allow multinational companies to take control of Iraq's oil.

Brazil's state oil and gas company Petrobras has announced the discovery of more natural gas reserves in the Espirito Santo Basin in the nation's southeastern coast.