OPEC set to hold oil output ceiling again The OPEC oil cartel was widely expected on Friday to maintain its collective output ceiling amid lingering worries over the health of global energy demand.
31 May 2013
US fines Total $398 mn over bribes in Iran French oil giant Total agreed Wednesday to pay US authorities $398.2 million to settle charges that it bribed officials in Iran to secure oil and gas concessions.
Japan, Russia to jointly develop oilfield Japan and Russia on Wednesday signed a deal that will see them jointly explore and develop a potentially lucrative oil and gas field off Russia's Far East coast.
29 May 2013
EU leaders look to energy for growth boost EU leaders, desperate to give growth a boost, target energy policy Wednesday amid concerns a US-led revolution in shale oil and gas development will reshape the global economy and leave Europe far behind.
22 May 2013
Romania, Kazakh oil firm settle debt dispute Romania and the Kazakh oil company KazMunayGaz have settled their dispute over a 500-million-euro ($658-million) debt and pledged to invest together in energy projects.
Oil takes breather in Asia after strong rally Oil prices took a breather in Asian trade Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates.
No 3rd stage at Karachaganak giant oil and gas fieldThe measure enables to extract another 100 million tons of crude for the whole period of the project (…) it is quite a sizeable figure: KazMunaiGas National Oil Company’s Chairman of the Board Lyazzat Kiinov.
Venezuela threatens oil, trade measures in vote row with US Venezuela stepped up attacks on the United States Monday, threatening retaliatory measures affecting trade and energy if Washington resorts to sanctions in a row over the country's disputed presidential election.
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