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Will Russia's gas and oil giants sacrifice their monopoly?
Russia's government wants the so-called Arctic Shelf to be more thoroughly and speedily explored and exploited. The Arctic Shelf is the bottom of the Arctic Ocean, which, as scientists have proved, ... more
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South Sudan signs oil deal with Israel
South Sudan says it has signed an agreement with several Israeli oil companies, a potentially significant strategic move that will consolidate the Jewish state's relations with the fledgling, oil-rich East African state. ... more
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Iraq finds extra billion barrels of oil: ministry
Iraq said on Sunday it has discovered deposits of crude equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years. ... more
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Russia eyes private boost for Arctic energy
Stalling production and global warming are seeing the Russian government mull breaking up its Arctic energy monopoly and allowing independents to survey some of the world's most coveted oil and gas fields. ... more
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