China National Offshore Oil Corporation has signed two production sharing contracts with U.S.Newfield Exploration Company for blocks numbered 22/15 and 16/05, both in the South China Sea.

Russian gas monopoly Gazprom's Board of Directors has approved the company’s restated investment program, which will see total investments of 779 billion rubles in 2007, up 47% on the sum approved in December 2006, according to Russian daily RIA Novosti.

World oil prices eased on Monday (August 13)on concerns about U.S demand in the face of sub-prime mortgage risks.

A new natural gas field has been discovered in Iran, Iranian Oil Ministry said.

Conference Energy presents First Ukranian Oil Trading&Transportation Conference, which will take place 27-28 September 2007 at the International Exhibition Centre in Kiev.

A senior Russian environmental official, Oleg Mitvol, has claimed that a $50 million bribe was allegedly offered to him by the oil giant Royal Dutch Shell in respect of the multi-billion dollar Sakhalin-2 project in Russia.

Chavez: Be ready to the $100 crude price

Chevron Corporation (NYSE: CVX) announced today (August 9) that its subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and partners made a significant oil discovery in Block 14, offshore Angola.

Oil giant Chevron has won a bid last weekend to jointly develop natural gas in southwest China's Sichuan Province with the natiobal giant CNPC.

A 90 year old war veteran, Alfred Donovan, created a gripe website focused on Shell which, in an extraordinary alliance with the so-called “Kremlin attack dog” Oleg Mitvol, has cost the oil giant billions of dollars and as a by-product, changed the course of history.

Japanese firm Inpex Holdings Inc. said Thursday (August 9)it is studying a plan to set up a major liquefied natural gas import terminal in Niigata Prefecture.

Indonesia struck a deal on oil exploration in the Randugunting on Java island with the state oil firm Pertamina, Petroliam Nasional Bhd and PetroVietnam, an official at the Energy Ministry said.