 |

Algeria to exploit controversial shale gas
Algeria, the world's fourth-largest gas exporter, has decided to develop its shale gas potential as well, but experts fear this could cause severe environmental problems. ... more
|  |

Exxon subsidiary detects Nigeria offshore oil spill
US oil giant ExxonMobil's Nigerian subsidiary on Saturday said a pipeline had been shut down after an oil spill off southern Akwa Ibom state. ... more
|  |

Iraq: Exxon pulls out, Russia wants in
Iraq's strategic effort to become the world's leading oil producer has taken some bad knocks, with the defection of Exxon Mobil and other majors to independence-minded Kurdistan, and Wednesday's expulsion of Turkey's state oil outfit from an exploration deal. ... more
|  |

Italian aerospace giant Finmeccanica reports Q3 profit
Italian aerospace and defence giant Finmeccanica on Thursday reported a net profit of 75 million euros ($32 million) in the third quarter and confirmed its 2012 forecasts, following heavy losses last year. ... more
|