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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.

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.

Russian oil pipeline monopoly Transneft will start construction on Thursday of a $1.34 billion pipeline link to help secure crude supplies to a major route feeding energy-hungry China.

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.

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

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

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

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

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

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.

PUERTOLLANO, Spain — Two years ago, this gritty mining city hosted a brief 21st-century gold rush. Long famous for coal, Puertollano discovered another energy source it had overlooked: the relentless, scorching sun.

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.

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.

The construction of the Russia-China oil pipeline will be finished by the end of this year, Chinese Foreign Minister Yang Jiechi said on Sunday.

Google’s Bill Weihl expresses his opinion, “We see a chance to make a difference in the field of renewable energy and energy information that can help bring the world to a lower carbon and more efficient economy.”

Closer cooperation with Russia should become a major foreign policy priority for NATO.

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.

The number of Russians who have savings accounts has decreased to 24% from 31% in the past four months with fewer people saving money in rubles.

Thousands of miles (kilometers) from the Siberian jail where its founder is imprisoned, representatives of the ruined Russian oil giant Yukos and the Russian government will meet face to face for the first time at the European Court of Human Rights this week.

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