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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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EU to meet Gazprom as gas dispute hits East Europe
Ukraine - Russia Gas DisputeA delegation from the European Union is to meet with representatives from Russian gas giant Gazprom January 6 to discuss the company's current gas supply dispute with Ukraine, European Commission energy spokesman Ferran Tarradellas said January 5. Read more.

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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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