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Brent drops as Tripoli falls
Brent crude dropped more than $2 on Monday to around $106 a barrel on the potential for a resumption of exports from Opec-member Libya as a six-month civil war there appeared close to an end | Upstream Online
Ofgem steps up energy pricing investigation
The regulator Ofgem has brought in the forensic accountants BDO to see if energy firms understated their retail profits to justify higher prices | BBC
BHP seals US shale gas deal for Petrohawk
BHP Billiton has completed its $US12.1 billion bid for US shale gas producer Petrohawk, securing 97.4 per cent of the target's shares in the miner's biggest acquisition | The Australian
US cap-and-trade scheme set for key battle
Businesses in the north-eastern US are preparing for a battle over the future of the country’s only working cap-and-trade scheme for controlling carbon dioxide emissions | Financial Times
Venezuela, Nigeria find important place in Indian crude oil basket
Latin American countries such as Venezuela and African nations such as Nigeria have been strengthening their position as important suppliers of crude oil to India. This, even as West Asia remains the major source of crude for Indian refiners | Hindu Businessline
Polish shale production in five years
Large scale shale gas production in Poland could start in five years, earlier than expected, Polish daily Rzeczpospolita has reported | Upstream Online
Mining boom to leave economy stranded if prices fall, says BlueScope's Kraehe
AUSTRALIA'S economy risks being hollowed out by the country's mining boom and faces the prospect of a downturn once commodity prices fall, Reserve Bank of Australia board member and BlueScope Steel chairman Graham Kraehe said today | The Australian
Petro Matad hits Mongolian pay
London-listed independent Petro Matad has encountered hydrocarbons in the Davsan Tolgoi-9 (DT-9) well on its acreage in Mongolia | Upstream Online
Tullow Oil shares plunge – Report
According to the publication Tullow’s shares dropped amidst reports that the oil and gas explorer may cut its production guidance following troubles at a number of its projects this year | Ghana Business News
Australia to bring in more West Africa crudes using VLCCs
More West African crude oil may be heading to the Australian market on VLCCs later in 2011, after local refiner Caltex completed its first supertanker operation in March this year | Platts
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