Shale gas still an object lesson for miners

Supply and demand is at the heart of basic economics and that applies equally to commodities markets. Nowhere is that currently more apparent than in the gas market.

China National Offshore Oil Corp-Nexen deal to help South China sea thrust

WASHINGTON: The $15 billion bid by China National Offshore Oil Corp (CNOOC) to buy Canada's Nexen, Inc will help the Chinese state giant gain the expertise to drill in deep, disputed waters of the South China Sea without relying on risk-averse foreign firms.

India needs strict controls to avoid blackouts: power firm

MUMBAI (Reuters) - India needs a more cohesive energy policy and stringent grid management to avoid a recurrence of the power outages that hit hundreds of millions of people this week, the chief executive of Reliance Infrastructure Ltd said in an interview.

Israel Finds $240 Billion Gas Hoard Stranded by Politics: Energy

Israel, reliant on imported energy since the state’s foundation in 1948, now has more natural gas than it can handle.

Mitt Romney confirms he would end US wind power subsidies

Mitt Romney looks set to declare war on America's wind energy industry, further emphasising the dividing line between the presumptive Republican presidential candidate and President Barack Obama on energy issues.

Oil pares gains after Fed statement, EIA draw supports

NEW YORK (Reuters) - Oil futures ended off highs in choppy trading on Wednesday after the U.S. Federal Reserve said the economy had lost some momentum but offered no new stimulus, with support still coming from data showing a bigger-than-expected drawdown in U.S. crude stockpiles last week.

Premier Oil contract creates 350 jobs in Scotland

A total of 350 new jobs are to be created after a Scottish business won two new contracts with Premier Oil worth £140m.A total of 350 new jobs are to be created after a Scottish business won two new contracts worth £140m.