News

Greek public transport was halted, flights grounded and state hospitals left with emergency staff only on Thursday as workers held yet another general strike to protest painful spending cuts.

Russia has the largest number of billionaires among the European countries, Forbes magazine has said.

The Organization of Petroleum Exporting Countries, in its latest monthly Oil Market Report, expects worldwide oil demand to grow by 900,000 b/d in 2010.

Russian Prime Minister Vladimir Putin is due in India for talks expected to focus on arms and energy contracts.

President Dmitry Medvedev on Wednesday ordered Interior Minister Rashid Nurgaliyev to investigate a fatal car crash involving a LUKoil vice president that caused public outrage over a perceived police cover-up.

RUSSIAN giant Gazprom and Namibian state oil company 
Namcor have agreed to establish a special purpose company to take a majority stake in the 
Kudu gas field to accelerate its progress to first production in 2014.

The US government recorded a budget deficit of $221bn in February - the largest monthly deficit in its history.

Oil giant Royal Dutch Shell says it is no longer selling gasoline to Iran, the latest in a growing number of oil firms to halt supplies to the Islamic Republic.

Gazprom Neft on Wednesday posted a smaller fourth-quarter profit than analysts had expected, largely because of reasons unrelated to production.

Shell and the Technip-Samsung consortium entered into two separate contracts for the Prelude floating LNG facility.

Russian President Dmitriy Medvedev sigend the law On changes to Article 32 of the Federal law On Electric Energy’, the president’s press office has reported.

Gazprom Neft said Russian taxes are hindering ventures with international oil companies and are the main obstacle for its expansion at home and abroad.

President Barack Obama has "responded positively" to calls to clamp down on market speculators, the Greek PM said after talks in Washington.

Russian gas behemoth Gazprom has doubled its gas imports from Azerbaijan to 3 million cubic meters a day as of March 5, the company said Tuesday.

Chevron Corp. will cut 2,000 jobs this year and sell some overseas operations.

The Federal Anti-Monopoly Service wants to ban oil companies from buying and building gas stations in regions where they have at least 35 percent of the market.

Gazprom wants about $135 million from Lithuania to compensate for losses that it says were caused by the country changing a deal on heating prices, a statement from a plant owned by Gazprom said.

Even before the votes were tallied, Iraq’s candidates and coalitions began positioning themselves in an evolving political landscape on Monday.

RussNeft has obtained a license to explore for and produce hydrocarbons within the limits of the Lusianinskoye oil field in Russia.

Ukraine will join the Unified Economic Space of Russia, Belarus and Kazakhstan only on the conditions of the World Trade Organization, President Viktor Yanukovych said on Saturday.

Norwegian driller Songa Offshore said its semi-submersible rig Songa Mercur has won a a contract with Gazprom unit Gazflot for exploration work off Sakhalin Island later this year.

A strong earthquake has struck eastern Turkey, killing at least 57 people, officials have said.

The largest oil trader in the world, Vitol, said Monday it had stopped dealing with Iran.

Oil giants PetroChina Co and Royal Dutch Shell have made a joint A$3.3 billion ($3 billion) bid to acquire Arrow Energy Ltd, an Australian coal-seam gas developer.