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Industry exposed to 'extreme risk' states

10 February 2012 10:23 GMT

International explorers need to exercise “extreme caution” in their operations given the industry is active in many of the world’s riskiest states, according to a new security analysis.

South Sudan inks Djibouti pipeline deal

10 February 2012 08:48 GMT

South Sudan has ramped up the pressure on its neighbour to the north another notch as it penned a new deal to build an oil pipeline to Djibouti, a report claimed.

Zueitina gets 25 more years in Libya

10 February 2012 14:06 GMT

Libya has granted Zueitina Oil another 25 years in concessions to work its operated oilfields in the country which is emerging from decades of rule under late leader Muammar Gaddafi.

Inspectors board leak-hit Gannet

10 February 2012 10:13 GMT

Safety inspectors are now on board Shell’s Gannet Alpha platform to investigate a gas leak that led to the evacuation of 48 non-essential workers on Monday.

BP 'in Macondo settlement talks'

09 February 2012 09:30 GMT

British supermajor BP is reportedly locked in negotiations with US officials on a possible multi-billion settlement over pollution claims stemming from the 2010 Macondo blowout disaster.

Oil bill reaches Ugandan parliament

09 February 2012 11:04 GMT

Uganda's energy and minerals minister has presented a long-awaited oil bill to parliament, kicking off a process set to pave way for the development of the country's oil industry.

 	Argentina fans hold up an Argentine flag as they watch the South Africa 2010 World Cup match against South Korea on an outdoor screen, in Buenos Aires, Argentina, Thursday, June 17, 2010. Argentina won the match 4-1. (AP Photo/ Natacha Pisarenko)

Analysts reject YPF nationalisation talk

09 February 2012 02:40 GMT

Analysts have dismissed rumours that YPF, Argentina’s largest oil company, could be renationalised amid government pressure to bring additional resources on stream and accusations of overcharging.

New Jersey moves to ban fracking

09 February 2012 21:41 GMT

The New Jersey Senate has put forward a bill that would ban hydraulic fracturing in a state that sits partly atop the Utica shale.

Cameron 'to ensure good North Sea tax regime'

08 February 2012 17:39 GMT

A UK member of parliament called on Prime Minister David Cameron earlier on Wednesday to introduce changes on tax relief covering offshore platform decommissioning to guarantee jobs.

Penn House passes gas-tax bill

08 February 2012 23:55 GMT

Pennsylvania lawmakers passed a bill to let counties levy fees on natural-gas wells, which the state estimates may generate about $211 million in revenue this year.

Chavez lines up $236bn Orinoco spend

08 February 2012 14:31 GMT

Venezuela is to throw over $230 billion behind the planned development of the Orinoco Belt with some going on housing projects.

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Iran's NIDC readies drill services tender

08 February 2012 15:51 GMT

Toughened international sanctions against Iran are likely to be put under the spotlight as the country’s national drilling company puts out pre-qualification tenders for a trio of oil and gas services packages.

Penn Senate passes shale tax bill

08 February 2012 13:15 GMT

Pennsylvania moved a step closer to taxing shale gas plays as a controversial bill was passed by the state’s Senate on Tuesday.

Saudi Arabia considers Korea crude

08 February 2012 02:20 GMT

BP wins Macondo email exclusions

08 February 2012 23:20 GMT

Sonatrach eyes $68bn spend

07 February 2012 12:51 GMT

Mend's Eni pipe attack claim queried

06 February 2012 15:19 GMT

INA pulls foreign staff out of Syria

06 February 2012 15:50 GMT

Blast hits Egypt-Israel pipeline

06 February 2012 03:51 GMT

Nigerian Eni pipeline attacked

06 February 2012 05:17 GMT

Iran oil ban no nuclear deterrent

06 February 2012 03:28 GMT

US regulators going slow on oil shale

03 February 2012 23:20 GMT

Total confirms South Sudan return

03 February 2012 08:43 GMT

Voser eyes Libya exploration restart

03 February 2012 10:20 GMT

South Sudan rejects AU plan

01 February 2012 05:37 GMT

Moore to go in 2013

01 February 2012 09:08 GMT

Iran may hit back with EU exports ban

27 January 2012 11:44 GMT

CIA: Saudi production on the rise

31 January 2012 18:49 GMT
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