Nigeria signs memorandum of understanding with Russia's Gazprom; Australia's BHP Billiton Ltd. is still closed in the Gulf of Mexico; Zion Oil and Gas Inc. will drill in Israel.

Oil prices fell as Gustav fears receded; Turkey worries over Russian gas supply; Petrobras working to extract subsalt reserves

Oil and gas prices settle following Gustav; China, Turkmenistan work on energy; New Zealand Oil and Gas set to explore offshore

Oil prices spike as Gulf of Mexico production slows; New Zealand Oil and Gas profits are up on Tui field; Iraq and China sign an oil contract.

Oil prices near $120 on storm fears; Bahrain's oil refinery output is up 4 percent; new oil and gas are found in Indonesia.

Hurricane Gustav holds up oil prices; U.N. urges nations to drop fuel subsidies; ONGC, Imperial Energy settle on deal

Oil prices fall after BTC pipeline resumes; India's ONGC makes new discoveries and a bid; Norway's StatoilHydro reports more oil in the North Sea.

Eased tensions mean oil prices steady; Bolivia locks down its oil and gas; Iran is seeking Caspian Sea investors.

Oil prices jump after weeks of declining; China, Iran to discuss energy cooperation; Vietnam and Uzbekistan will work on oil and gas exploration.