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Shell suspends drilling in Alaska as profits plunge
Royal Dutch Shell will suspend drilling in offshore Alaska after a US court decision and as the oil major streamlines operations following a slump in annual profits, it said on Thursday. ... more
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Czech Republic's MND plans move into gas distribution market
Czech oil and gas producer MND announced this week it is planning to enter the domestic natural gas supply market with a goal of signing up 200,000 households. ... more
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Putin: Russia won't rescind loans, gas price cuts for Ukraine
Moscow won't rescind the loans and gas price cuts it signed with Ukraine despite its change in government, Russian President Vladimir Putin said this week. ... more
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Iraq, Iran plot to challenge Saudi domination of OPEC
Hussein Shahristani, Iraq's energy chief, says Baghdad is working with Iran to boost oil exports, a move by these two Shiite-majority powers that could lead to a major challenge of Sunni Saudi Arabia and its domination of the Organization of Petroleum Exporting Countries. ... more
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