Russia’s Rosneft goes big into natural gas

Rosneft has recently inked a number of deals which could facilitate the company’s ambitions to develop international gas trading and export operations, the latest stage in a long-running attempt to become a major gas player…

Metgasco farms into Cooper basin well

Metgasco Ltd., Sydney, has made an agreement with Adelaide companies Senex Energy Ltd. and Cooper Energy Ltd. to farm in to area surrounding the current Frey-1 wildcat within PEL93 of the South Australian Cooper basin…

Oil Prices Inch Higher After Surprise Crude Draw

The American Petroleum Institute (API) reported a draw of 761,000 barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 3.422 million barrels for the week ending September 22.Gasoline…

City of Hartford sent deeper into junk on…

Hartford, the financially troubled capital city of the state of Connecticut, was thrown deeper into junk territory on Tuesday by ratings agencies S&P and Moody’s, which warned that the city could face a possible default…