China's consumption of apparent crude oil and refined oil products hit a record high in the first half of the year, totaling 173.03 million tons and 106.112 million tons respectively, up 6.8 percent and 9.6 percent on the previous year.

US oilfield services giant Halliburton Co. said Monday, July 23, second-quarter net income more than doubled to $1.5 billion, lifted largely by a $933 million gain from the separation of its former subsidiary, KBR Inc.

Global oil giants Exxon Mobil Corp. and Royal Dutch Shell Plc will probably announce their second-quarter profit gains.

US oil giant Chevron is likely to to partner with Lagos in the areas of environmental protection, education and infrastructure development.

China National Petroleum Corporation has signed a 30-year gas import deal with Turkmenistan on the export of 30 billion cubic metres (1.1 trillion cubic feet) of gas a year to China via a planned Central Asia gas pipeline, according to a CNPC statement late Tuesday, July 17.

Total Exploration and Production Company, plans to invest $7.5 billion in the upstream sector of the Nigeria oil and gas in the next five years, the company said.

Following a call for tenders, Total has been selected to build a petrochemical complex in Arzew, near Oran, Algeria, in partnership with Sonatrach.

Norwegian petroleum group Statoil said on Wednesday, July 18, that an appraisal well at the Rosebank prospect northwest of the Shetland Islands struck oil and said it aimed to develop the discovery.

China National Petroleum Corp, will sign a deal to develop a gas field in Turkmenistan during an upcoming visit to Beijing by the Turkmen president, a news report said Friday, July 13.

Russia's Gazprom declared it again could allow foreign partners to jointly develop the Shtokman gas reserves, the company's deputy CEO Alexander Medvedev said in an interview published on Monday, July 9.

The Russian gas monopoly Gazprom plans to become the world’s first company with a stock-market value of a trillion dollars.

China's top oil producer PetroChina will import some 40 percent of the crude oil it processes in 2007, up from last year's 30 percent, a company official said Saturday, June 30.