• Norway offers oil, gas licences
  Norway's government offered on Tuesday 60 new oil and gas production licences to 42 energy companies in what it described as its biggest licensing round ever. [1/19/2012 1:38:17 AM]

• Oil Ministry proposes key changes in natural gas allocation policy
  The Oil Ministry has suggested key changes in the natural gas allocation policy in the view of sharp drop in output from Reliance Industries' eastern offshore KG-D6 block. [1/19/2012 1:35:22 AM]

• Govt mulling cap on ONGC, OIL crude oil price
  The government is mulling a cap on the price that state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) will get for crude oil they produce under a proposed new annual fuel subsidy sharing mechanism. [1/19/2012 1:32:50 AM]

• BHP Plans to More Than Double Oil, Gas Exploration Spending
  BHP Billiton Ltd., Australia’s largest oil and gas producer, expects to more than double full- year spending on petroleum exploration to $1.4 billion after buying U.S. shale gas assets last year. [1/19/2012 1:24:44 AM]

• Oil & Gas Sector: Essar shares plunge after Indian court ruling on tax deferment
  Shares in Essar Energy (LON:ESSR) tumbled after India's Supreme Court ruled that Essar Oil would no longer be able to benefit from a tax deferment scheme. [1/18/2012 1:40:12 AM]

• Argentina Demands Swifter Development Of Unconventional Oil, Gas
  Argentina's powerful planning minister signalled Monday the government isn't willing to make price concessions to oil and gas companies in exchange for swifter development of the country's vast unconventional hydrocarbon resources. [1/18/2012 1:39:11 AM]

• Norway 2011 total oil, gas production falls 5%
  Norway's total oil and gas production fell by 5% in 2011, to 218.7 million cubic meters of oil equivalent, the Norwegian Petroleum Directorate said Monday. [1/18/2012 1:37:58 AM]

• ONGC is in talks with ConocoPhillips to forge Reliance-BP like alliance
  Statoil State-run Oil & Natural Gas Corp (ONGC) is in talks with US energy major ConocoPhillips to forge Reliance-BP kind of partnership in its exploration blocks including discovered blocks in Krishna-Godavari (KG) and Mahanadi basins. [1/18/2012 1:37:06 AM]

• EIA forecasts crude oil, gas demand increases through 2013
  Worldwide crude oil consumption will increase by 1.3 million b/d this year and by 1.5 million b/d in 2013, with the higher demand met by increased production both from the Organization of Petroleum Exporting Countries and from non-OPEC ... [1/18/2012 1:36:07 AM]

• Oil & Gas Sector: Hydrodec shares up after it forecasts significant rise in revenues
  Shares in clean-tech industrial oil re-refining group Hydrodec (LON:HYR) rose after it announced that it expects to report a significant increase in full year revenues for 2011. [1/18/2012 1:34:45 AM]

• Adani Group offers to buy gas from Reliance's KG-D6
  The Adani Group has offered to buy gas from Reliance's coal-bed methane blocks for its city gas distribution projects at a price significantly higher than the price of existing domestic gas but the deal can be clinched only after the oil ... [1/18/2012 1:33:53 AM]

• IOC, HPCL, BPCL, ONGC losses on diesel sale at record high of Rs 14.57/L
  Losses on sale of diesel at government-controlled rates have hit a record Rs 14.57 a litre, sending state-owned oil companies scrambling for ways to cover mounting losses. [1/18/2012 1:32:35 AM]

• Natural gas plunges; oil ends 2% higher
  Natural gas futures plunged to their lowest in nearly a decade on Tuesday, pressured by forecasts of unseasonably warm winter weather in the U.S. [1/18/2012 1:30:52 AM]

• OIL in talks for $200 mn shale gas buy
  State-owned Oil India Ltd (OIL) is in talks with a US-listed firm to buy an around 25% stake for some $200 million (around Rs1,030 crore) in the latter’s shale gas acreage. [1/16/2012 12:58:52 AM]

• Onshore oil, gas lease revenue up, yet below 2008
  The Interior Department credits a new policy it has implemented for a 20 percent increase last year in revenue from selling oil and gas drilling access on federal land. [1/16/2012 1:09:59 AM]