oil
Russian oil company Rosneft on Tuesday bought 9.44 percent of its shares that had been owned by stricken giant Yukos, paying 7.6 billion dollars (5.7 billion euros) for a package of assets at auction.
British oil firm Cairn Energy said Tuesday that it made a net loss of 82 million dollars (61.5 million euros) in 2006 after downgrading the energy reserves estimates at its Sangu field in Bangladesh.
World oil prices dipped Tuesday after a surge towards 65 dollars a barrel in London amid political tensions over Iran.
Argentina scrapped Tuesday a deal with Britain to share oil found off the Falkland Islands days before the 25th anniversary of its invasion of the British territory that it claims as its own.
World oil prices soared on Wednesday after spiking to 69 dollars per barrel in London late on Tuesday following an unsubstantiated rumour that Iran had attacked an American ship, traders said.
Oil prices soared on Wednesday after Britain froze ties with Iran, the world's fourth largest producer of crude, in response to the Islamic country's refusal to release 15 British sailors.
World oil prices fell Monday but remained close to seven-month highs on supply concerns caused by the Britain-Iran crisis and a kidnapping in Nigeria, Africa's biggest crude producer, traders said.
World oil prices rose on Monday, trading at seven-month highs above 68 dollars a barrel in London, on supply concerns caused by the Britain-Iran sailor crisis, traders said.
Nigeria, the biggest oil producer in Africa and sixth in the world, will on Tuesday announce the date for the 2007 round of bids for the oil blocs, officials said on Monday.
Energy City Qatar, the Gulf’s first hydrocarbon industry business cluster, is living up to its ‘inspired by nature’ axiom by incorporating a myriad of ‘green building’ practices into its operations designed to benefit both developers and residents.
World oil prices fell slightly on Tuesday, as major crude producer Iran signalled that progress had been made in trying to end its standoff with Britain over Tehran's capture of 15 British sailors.