US President George W Bush is renewing his push to overturn a ban on drilling for oil off America's coastlines.

Cranfield University’s (www.cranfield.ac.uk) School of Applied Sciences used @RISK software from Palisade Corporation (www.palisade.com) during a research project to encourage business managers in the oil and gas industry to invest in the long-term reliability of production equipment. The assignment illustrated that time and resources spent early on in the product design lifecycle can significantly increase return on investment (ROI).

It's a technique that has previously been used for oil exploration — now researchers at The University of Nottingham have developed a new, highly sensitive, anti-doping steroid test using hydropyrolysis.

Occidental Petroleum Corporation (NYSE:OXY) announced today it has signed agreements with the Libyan National Oil Corporation (NOC) to upgrade several of its existing petroleum contracts. The new agreements will be consistent with the newly established EPSA IV contractual frame work now utilized in the Libyan oil industry.

One of the world’s biggest multinational corporations – Royal Dutch Shell Plc - continues to put multi-billion dollar profits before the safety of its workers

Venezuela's state-owned oil company says it is beginning to explore for oil in Cuban waters as part of a joint venture with the island's state-owned Cubapetroleo.

Oil Profits Before Safety

A South Korean energy development consortium said on Thursday, May 31st, that it has found a potentially huge offshore oil deposit in Russia's Kamchatka region.

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.

United Reef Limited (TSX VENTURE: URP) (CNQ: URPL) ("United Reef") announced on May 8th that it has entered into an agreement with General Gas Corporation ("General Gas") amending certain terms of the Shareholders' Agreement entered into between the parties on November 15, 2006 (see press releases dated November 16, 2006 and March 21, 2007), which governs the operation and management of General Reef Corporation ("General Reef"), a private oil and gas exploration company.

Vangold Resources Enters Into Exclusive Petroleum Exploration Production Sharing Agreement in Armenia.