Oil and Gas

Oil exporter Libya has about $65 billion in its sovereign wealth funds but its investments to date have been modest partly because, after decades of international isolation, it does not have enough people who understand financial markets. One of Libya's

MUMBAI: India's biggest private firm Reliance Industries said yesterday that it would pay 392 million (US$1 = RM3.17) for a majority share in a US shale gas field, the third such move by the company this year. Reliance is to buy a 60 per cent stake in a

Consumer experts have told customers that they should keep detailed records of telephone calls made and letters sent to broadband, gas or electricity companies. If the customer is forced to spend serious amounts of time sorting out problems caused by the

BP shot a bunch of cement into its once leaky oil well , 108 days after the spill began. More »

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Lawyers for Chevron contended the U.S. Second Circuit Court of Appeals in New York should instead uphold a lower court ruling in March allowing the second-largest U.S. oil company to take the 17-year-old case into international arbitration. Ecuadorian

Aug. 06--India's most valuable company, Reliance Industries Ltd (RIL) has acquired its third shale gas asset in the US in a span of five months, increasing its bet on a new though untested source of energy that has attracted many global energy giants

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The White House was accused Thursday of spinning a government scientific report into the amount of oil left in the Gulf of Mexico from the BP spill which had officials declaring that the vast majority of the oil had been removed. As BP workers finished

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Dublin - Research and Markets (http://www.researchandmarkets.com/research/e77013/acid_gas_injection) has announced the addition of John Wiley and Sons Ltd's new book "Acid Gas Injection and Carbon Dioxide Sequestration" to their offering. This book

Photo: REUTERS Crude oil edged above $82 a barrel on Friday before a report expected to show US employment declined for a second straight month in July, as investors watch for clues to the pace of economic and energy demand recovery. The return of

Much of the crude still in the Gulf and coastal areas more than three months after BP's blowout has permeated deep into marshes and wetlands, complicating cleanup. Crews are still finding plenty of crude in those interior areas, even as government

Much of the crude still in the Gulf and coastal areas more than three months after BP's blowout has permeated deep into marshes and wetlands, complicating cleanup. Crews are still finding plenty of crude in those interior areas, even as government

LONDON (ShareCast) - Underwriter Catlin said first half profits were hit by the BP oil spill in the Gulf of Mexico, record catastrophe losses and adverse foreign exchange movements. Pre-tax profit fell to $86m in the six months ended 30 June from $240m