Fleming Gulf is delighted to announce its “investments in Oil and Gas” forum scheduled on the 23rd and 24th of October 2007, in Dubai U.A.E.

Alexei Pichugin, the former Yukos security chief, was sentenced to life imprisonment in a new trial Monday.

U.S. crude futures gained higher on Monday, extending the more than 2 percent gains in the previous session that were spurred by a surge in Brent crude.

PetroVietnam’s oversea arm, the PetroVietnam Exploration and Production Corp, obtained the deal to drill Block Z-47 in the Trujillo Basin at a tender held last week by Peru’s state hydrocarbons promotion agency Perupetro.

The president of Organisation of Petroleum Exporting Countries has said that repeated calls by industrialised countries to reduce dependence on oil could lead to a reduction in supplies from the cartel.

Phoenix Petroleum Philippines Inc. has set a final price of P9.80 per share for its initial public offering which will be launched on June 27, underwriter BDO Capital & Investment Corp. told the stock exchange.

British-Dutch oil major Shell plans to increase investments in Russia despite losing control of the giant Sakhalin-2 project earlier this year, the company's CEO said on June 8th.

BP's single biggest exploration commitment," says BP group chief executive.

Petroleo Brasileiro or Petrobras, the state oil company, said it is discussing "strategic cooperation" with Chinese petrochemical giant Petrochina.

Russian regulators are set to discuss the withdrawal of the licence of BP's Russian venture to exploit the massive Kovykta natural gas field.

Iran granted Belarus greater access to oil reserves as the presidents of the countries, both at odds with the United States, met Monday.

Chevron Corp. will sell its 11.5 percent stake in Houston power plant operator Dynegy, citing the changing relationship between the two companies and Chevron's need to focus on its main businesses.