Russian Security Service Said to Stall Schlumberger Deal

Russia’s Federal Security Service, the main successor to the KGB, is holding up Schlumberger Ltd.’s acquisition of a 46 percent stake in Eurasia Drilling Co., according to two people with knowledge of the matter.

Indonesia Seeks $5 Billion to Cut CO2 From Deforestation

Indonesia needs about $5 billion in aid to hit its target for reducing emissions, according to the agency set up to protect rainforests and peatlands.

Davos: Fracking to boost UK economy, David Cameron says

Shale gas extraction through fracking can boost the economy and encourage businesses to come back to the UK, Prime Minister David Cameron has said.

Morgan Stanley sells oil trading business to Russia's Rosneft

LONDON/MOSCOW (Reuters) - Morgan Stanley has sold the majority of its global physical oil trading operations to Russian state-run oil major Rosneft , becoming the latest Wall Street firm to dispose of a major part of its commodity business.

Mexico moves to open oil resources to foreigners

Mexico's Senate has approved a measure to open the state-run oil fields to foreign investment for the first time in 75 years.

Liberia says to ink oil deal with Exxon, COPL

DAKAR (Reuters) - Liberia will sign off on a deal giving oil major Exxon Mobil and its partner Canadian Overseas Petroleum Limited rights to develop an offshore oil block, a presidential spokeswoman said on Friday.

Asian oil companies make record buys in 2012

National oil companies from China, India, Malaysia and elsewhere in Asia snapped up international energy properties at a record rate in 2012, buying or partnering in nearly $50 billion worth of deals.