Oilgame

Unstable oil prices are dithering major economies as recently U.S. crude oil prices surged to record highs of $78.77 before falling to around $72. America urges OPEC to boost production to keep the tempo of oil prices stable, but Venezuela's oil..

Unexpected market condition has forced BP to rethink on its business strategy. The company has failed to make second quarter profitable amid the recent operational problems. BP's second quarter replacement cost profit decreases by 1 percent to...

Ultimately, British oil giant BP is knees down before Russians as it has agreed to sell its stake in Kovykta field to Gazprom. BP, which drilled oil in Siberian oil field with Russian driller TNK, will get $700 million to $900 million for its...

Royal Dutch Shell PLC posted 18 percent upsurge in the second quarter, apparently boosted by the asset sales and increases margins at oil refineries. Shell's net profit surged to $8.67 billion, which is a record for quarterly earnings in...

The Russian oil giant Gazprom, discloses that company is near to increase its presence in Britain. Gazprom didn’t reveal its partner’s name, but it is highly expecting that oil giant is in talk with British oil giant Centrica from long.

Russian regulators have held the much debated and criticized decision on BP license row for the Kovykta gas field in East Siberia. Licensing agency, Rosnedra, is looking into case whether TNK-BP's operations should be stopped but seeks two weeks..

Rising oil prices are continue to bother consumers as it is climbing up to new record daily. Galloping oil prices do not seems to recede. Oil prices have raised again a dollar a barrel higher mark amid concerns about supplies in the US. In the...

After falling to clear Russian regulators worries, western oil giant Shell has lost its license to drill oil in Russian oil field. US and its supportive European nation impeached Russia to use its oil reserve as an economic and political pressure...

British oil driller BP is on the verge to lose its license for the Kovykta gas field when a Siberian court declined to hear its arguments. The Russian government is getting back all stakes in state’s hand to get monopoly over its oil...

US senators have shown their indignation on oil giant BP and have asked them to clear their basis to reduced capacity of refineries, drilling at their half capacity in the peak US summer season. Senator Pete Domenici, member of the Senate...