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Oil
US oil/gas sector set record high for drilling costs in 2007: API
The US oil and natural gas industry spent an all-time high of $226.4 billion in drilling expenditures in 2007, more than double the previous record of $109.8 billion set in 2006, the American Petroleum...More...
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Complex deal sets new OPEC target of 24.485 million b/d
OPEC Guide OPEC on December 17 agreed what is probably the biggest and certainly one of the most complicated output cut agreements in its history, announcing a new 24.845 million b/d target for those 11 members bound by production pacts.
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Platts Oilgram NewsRussia, Serbia sign wide-ranging energy deal
Russia and Serbia signed December 24 a wide-ranging energy deal that includes the acquisition of Serbia's state-owned oil and gas company NIS by Gazprom Neft, the oil arm of state-controlled Russian gas giant Gazprom.
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