London, Venezuela sign oil-for-environment expertise deal
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The city of London has signed an agreement with Venezuela to import cut-price petrol for its buses in return for offering its expertise on protecting the environment.
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British oil giant BP said it had signed an agreement with the Iraqi government to study an oil field in the south of the country.
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Royal Dutch/Shell Group agreed on Tuesday to finalized settlements with U.S. and UK regulators which will cost the oil giant &#36;150.7 million over its mis-statement of proven oil reserves.
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SIRTE, Libya  - British Prime Minister Tony Blair hailed what he called Britain's transformed relations with Libya after meeting Muammar Gaddafi on Tuesday, while BP sealed a major energy deal with the once isolated North African state.
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US oil giant ChevronTexaco said it signed a six-month memorandum with Russia's Gazprom for feasibility studies on joint oil and gas projects in Russia and the United States.
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ARRECIFE, Venezuela  - A sizable group out of the six foreign oil majors negotiating with Venezuela the nationalization of multibillion dollar projects are about to sign deals, the OPEC member's energy minister said on Wednesday.
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President Hugo Chavez's government moved to nationalize Venezuela's largest private electric company on Thursday, signing an agreement to buy a controlling stake in Electricidad de Caracas from its U.S.-based owner, AES Corp.
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The word's fifth largest oil exporting nation, Venezuela, signs an oil deal with South American neighbour, Paraguay.
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Brazil and Venezuela pledge closer ties on trade and energy, including the building of a new refinery together.
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LONDON  - Oil prices rose in London as analysts gauged the impact on key markets of a possible dearth of US heating oil stockpiles during the northern winter.
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Royal Dutch/Shell Group agreed on  Tuesday to finalized settlements with U.S. and UK regulators  which will cost the oil giant $150.7 million over its  mis-statement of proven oil reserves.
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An agreement has been reached to lend 1.7 million barrels of oil from the government&#39;s Strategic Petroleum Reserve to two companies whose refineries were running short of crude
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OPEC ministers yesterday agreed to increase their ceiling for oil production to help bring down stubbornly high prices in a decision that traders and analysts
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Venezuelan President Hugo Chavez  bolstered his cooperation with Cuba on Saturday by signing  energy, farming and finance accords, including a deal to expand  of one of his socialist ally's oil refineries.
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Oil companies BP Plc , Chevron Corp. , Total  and Statoil  have agreed to sign a deal on Monday with Venezuela for the state takeover of a majority stake in multibillion dollar oil projects, a government source told Reuters on Monday.
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WASHINGTON : US oil giant ChevronTexaco said it signed a six-month memorandum with Russia&#39;s Gazprom for feasibility studies on joint oil and gas projects in Russia and the United States.
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Sempra Energy LNG announced yesterday that it has signed an agreement that will provide supplies of liquefied natural gas from Indonesia to an energy project it plans to develop with Shell Oil Co.