Offshore energy supply company Tidewater Inc. said Thursday its second-quarter profit rose, even as sales fell, because of a huge one-time tax benefit.
Original post by Miami Herald

Fars News Agency : TEHRAN (FNA)- Tehran and Ankara agreed to establish a crude oil refinery in northern Iran in a $2-billion joint venture project.
Original post by ABC News

Rediff.com : News : Two days after a massive fire broke out at the Indian Oil Corporation fuel depot near Jaipur, the flames died down in five of the 11 storage tanks even as three more bodies were recovered from the site on Saturday, taking the toll to nine.
Original post by ABC News

B92 : Ukraine is again having difficulty paying for Russian natural gas supplies, Vladimir Putin said. The EU is not going to lend Kiev money to solve the problems, the Russian prime minister state on Friday according to RIA Novosti.
Original post by ABC News

The Hindu : International : New York: The U.S. government has raised grave questions over BP’s safety culture by imposing a record fine of $87.4 million on the British company for failing to fix hazards at its Texas City oil refinery in the wake of a disastrous …
Original post by ABC News

BangkokPost : News : An Iranian official said on Saturday that European firms are in talks for Iran to join the EU’s flagship Nabucco gas pipeline project, which aims to reduce the bloc’s reliance on Russia, Mehr news agency reported.
Original post by ABC News

RIA Novosti : Russia is lowering the oil export duty on its benchmark Urals blend 4% to $231.2 per metric ton from $240.7 from November 1, following trends on global oil markets.
Original post by ABC News

Telegraph : Finance : When the oil price ticked towards 150 a barrel last summer the Kremlin was in no rush to put out the welcome mat for foreign or even domestic investors. It was too busy counting its petrodollars.
Original post by ABC News

Times online: Business : Ask Tony Hayward what his legacy as BP’s chief executive will be and he’ll tell you it is to leave behind a company that will not fall repeatedly into the man-made disasters that have periodically destroyed all the good work achieved at the £107 …
Original post by ABC News

Times online: Business : The era of the oil industry mega merger is over, according to the chief executive of BP.
Original post by ABC News

CORDIS : A team of EU-funded researchers is determined to tackle the problem of waning fossil fuel resources by developing new technologies that will enable the sustainable production of diesel miscible biofuels (DMB) from wastes in Europe and Latin …
Original post by ABC News

Penn Virginia Corp. reported a 6 percent rise in its third-quarter oil and gas production Friday, lifted its production forecast for the year and said it expects an $87.9 million charge in the third quarter related to the sale of some properties.
Original post by FOX6Now.com - WITI

Worry over recovery prospects sent the Toronto stock market tumbling Friday as the Canadian economy unexpectedly shrank in August while a drop in U.S. consumer spending raised worries about economic growth being excessively driven by government stimulus measures.
Original post by CKNW News Talk 980

Monsters and Critics : World : Tehran - Iran has started unofficial talks with some European energy firms over the Nabucco gas pipeline project, the
Original post by The Winnipeg Free Press

The Times of Central Asia : ASHGABAT, Oct. 31 (Trend News) - The Italy-based Eni oil and gas corporation has made a proposal to facilitate the transportation of the Turkmen gas to Pakistan and India.
Original post by The Winnipeg Free Press