China had set aside CNY80 billion for its local gas and oil projects to boost internal energy supplies.

West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.

A three day summit was reported to attract a lot of investors into India's renewable energy market.

Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.

OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.

Petrobras, in a campaign to raise funds for its pre-salt mine exploration, had sold some of its stakes and pipelines in Colombia.

The second largest oil producer in Qatar, Occidental Petroleum Corp, is offering a minority share in its Middle Eastern operations.

The Taizhou project, a petrochemical complex located in East China, had stalled because of the lack of a proper location.

The Telegraph reported that Royal Dutch Shell had postponed its refinery project worth USD 1.3 billion in eastern China.

Marathon Oil Corp said it would selling its 10% stake in an Angolan oil and gas field for USD 590 million.