Belarus has fully paid its July bill for Russian gas deliveries, Beltransgaz company said.

Mexican state oil company Pemex will resume production in its facilities Mexican state oil company Pemex will resume production on Friday after Hurricane Dean tore through the Gulf of Mexico, forcing it to evacuate hundreds of platforms and cut production, the company said.

For several years, Shell Oil Products, a division of Royal Dutch Shell Plc, has been involved in a sleazy fraud perpetrated on customers at an oil lube chain in Illinois.

Iraq is preparing to resume oil exports through Turkey in a few weeks through a new pipeline built amid the violence to help handle the flows, Oil Minister Hussain al-Shahristani said on August 21.

Turkey, Iran and Turkmenistan will set up a company to build a natural gas-fired power plant in Turkmenistan, a senior Turkish energy ministry official said on August 22.

SAAG Consolidated, a key player in the oil and gas sector in Malaysia, a supplier of spare parts to oil and gas firms, is rumoured to acquire an oil rig.

Officers of public sector oil firms have called off their indefinite strike within hours of going on agitation to press for higher wages.

Mexico's state-run Pemex oil company abandoned its offshore oil rigs just ahead of Hurricane Dean, evacuating more than 18,000 workers and shutting down production in its main oil-producing region.

Oil prices fell Tuesday (August 21) on worries about global stock markets. Light, sweet crude for September delivery fell 36 cents to $70.76 a barrel on the New York Mercantile Exchange, midmorning in Singapore.

France's oil giant Total SA is likely to buy a 35 percent stake in a Vietnamese offshore oil block as Vietnam tries to halt a slump in crude production.

The Vietnamese government asked petroleum enterprises to reduce retail prices of petroleum products by 500 Vietnamese dong (3 U.S. cents) per liter starting from Thursday (August 23) afternoon.

PetroChina's largest oil discovery in a decade boasts more reserves than estimated.