MOSCOW, Nov. 6 (UPI) -- The export of natural gas from Russia fell by 8.3 percent in October as European customers saw a declining demand due to soaring prices.
HOUSTON, Nov. 6 (UPI) -- Oil companies from Pakistan, Thailand, Angola, Algeria, Turkey and Vietnam are qualified to bid on Iraqi oil and gas field deals to be awarded next June.
PARIS, Nov. 6 (UPI) -- French supermajor Total said, in contrast to sector rivals, that the spiraling decline in world energy prices will not hamper future investment projects.
With President-elect Barack Obama poised to take office in January, industry groups are anxiously waiting to see how the new administration's energy policy pans out, particularly in light of the current economic crisis.
WASHINGTON, Nov. 6 (UPI) -- While Gazprom has had a banner year, slumping natural gas demand in Europe, its largest external market, has led the company to consider how to increase profits. Accordingly, in January Gazprom will raise Russian domestic prices by 20 percent.
Officials at Royal Dutch Shell and the Iraqi Oil Ministry refute claims that a proposed gas joint venture would have exclusive access to Basra's gas industry, though a key member of Parliament criticizes the project.
HOUSTON, Nov. 6 (UPI) -- Iraq's Parliament will begin debate next week over the long-stalled and highly controversial oil law, the first post-Saddam Hussein law governing oil and gas.
BAKU, Azerbaijan, Nov. 5 (UPI) -- Oil exports through the Baku-Supsa pipeline from Azerbaijan to Georgia are back online, using Azeri crude for the first time since 2006, officials said.
MOSCOW, Nov. 5 (UPI) -- The Organization of Petroleum Exporting Countries may cut production by 10 percent if world crude prices do not recover, Gazprom said Wednesday.
RIYADH, Saudi Arabia, Nov. 5 (UPI) -- The state-owned oil firm Saudi Aramco said the precipitous drop in world energy prices and corresponding declines in demand could postpone several projects.
TEHRAN, Nov. 5 (UPI) -- The managing director of the National Iranian Oil Co. blamed Crescent Petroleum in the United Arab Emirates for thwarting progress on export deals.
PRAGUE, Czech Republic, Nov. 5 (UPI) -- Gazprom subsidiary Vemex said it is looking to enter the commercial natural gas market in the Czech Republic by January 2010, management officials said.
MOSCOW, Nov. 5 (UPI) -- Russian oil pipeline company Transneft has increased its stake in the Caspian Pipeline Consortium by acquiring Oman's 7 percent share, officials said Wednesday.
A secret document obtained by United Press International reveals a planned joint venture company between Royal Dutch Shell and the Iraqi Oil Ministry would give the company a 25-year monopoly on the gas industry of southern Iraq.
TEHRAN, Nov. 4 (UPI) -- Bahrain is expected to finalize a deal to import natural gas from the Iranian South Pars gas field in the early part of next year, officials said Tuesday.
ANKARA, Turkey, Nov. 4 (UPI) -- European Energy Commissioner Andris Piebalgs is set to launch a major diplomatic tour of potential suppliers to the Western-backed Nabucco pipeline.
ABU DHABI, United Arab Emirates, Nov. 4 (UPI) -- ConocoPhillips said on the sidelines of an energy conference in Abu Dhabi that it plans to sign an engineering contract to develop the Shah sour gas field.
Sean Combs arrives on the red carpet before the screening of the film "Killing Them Softly" during the 65th annual Cannes International Film Festival in Cannes, France on May 22, 2012. UPI/David Silpa
