The AFP reports that an Indonesian anti-corruption court on Friday jailed a third employee of the local subsidiary of US energy giant Chevron Corporation, in a case that has spooked foreign investors.
The Tehran Times reports that Iran is prepared to build small oil refineries in other countries should they show interest, according to an Oil Ministry spokesman.
According to the Global Energy Watch, analysis indicates that the global shale gas market will reach a value of $33.2bn in 2013.
Algeria will be receiving a visit from officials from Russian gas giant Gazprom this year. The Russian firm is looking to establish a better working relationship with the Algerian government and the visit is aimed at ensuring that.
The retail prices of gasoline and diesel will be raised starting from Saturday, the country's top economic planner said Friday, according to The China Daily.
Reuters reports that former BP chief executive John Browne is to preside over the biggest set of oil and gas assets in the shallower, mature section of the Gulf of Mexico after buying them from U.S.-based Apache Corp (APA.N).
Reuters reports that South Sudan will cut oil output to 100,000 barrels a day over the weekend as it moves toward a full shutdown, its foreign ministry said on Friday, in a dispute with Sudan over rebels that operate across their shared border.
Bloomberg reports that the Chinese company accused of deliberately overpaying for three coal projects in 2010 defended the purchase after the claims wiped out almost $3.9 billion of market value in three days.
The U.K. government plans the world’s “most generous” tax system for shale gas to encourage development of a resource that may meet national demand for almost five decades.
Bloomberg reports that Apache Corp., the third-worst performer this year among a group of U.S.