Gas consumers are worried

RIA Novosti reported that Kazakhstan would cut its crude export duty 31.4% to $139.79 per metric ton in mid-January

Energy explorer Cairn India Ltd said on Monday it had made an oil and gas discovery near its existing field in the western Indian state of Rajasthan

China will cut domestic fuel prices on Friday for the first time in almost two years

The Pipeline Magazine reports Iran and Armenia is set to build an oil pipeline in 2009 from the Irani city of Tabriz to the Armenian city of Eraskh

Russian oil producer Tatneft has posted a 9M 2008 Net Income of $1.265 Billion under U.S. GAAP, which is only 2.9% higher comparing with the same period last year

AGL Energy, Australian top energy retailer, triggered speculation it was making a bid for Sydney Gas after both stocks were halted from trade pending a major transaction

Oil prices fell another 3.4 per cent to below $39 a barrel on Tuesday as a raft of gloomy economic data reinforced expectations that world energy demand will shrink for the first time in 25 years

Iraqi energy profit will be immune from financial claims until 2010 under a resolution passed by the UN Security Council on Monday, Arabian Business.com reports

They are making arrangements to ensure safety offshore at oil and gas fields in the path of the storm

Gas states gathered in Moscow, Russia, yesterday to agree on gas industry development

The auction is planned for February, and it will be offering over 100 blocks for international bidding

Total announced that its Nigerian subsidiary, Total E&P Nigeria Ltd. has encountered hydrocarbons offshore southeastern Nigeria in a water depth of seventy meters

The Nigerian Department of Petroleum Resources has given an approval for a floating LNG plant, the project has been developed since June 2008 by FLEX LNG and Mitsubishi Corp together with Peak Petroleum Industries LTD

Oil price rallies but still under $40 a barrel

RBC reports, Gazprom and Naftogaz of Ukraine are expected to resume their talks over the Ukrainian gas debt settlement today

Bloomberg reported that Italian company gave its agreement to the third phase of Irani Darkhovin oil field

Gazprom board approved on Tuesday its investment program and budget, which calls for 2009 capital spending of $24.7 billion

Gazprom CEO and Irani Petro Minister met Wednesday to discuss potential partnership projects

The Canadian Association of Petroleum Producers has cut its forecast for the oil sands output for the second time this year after falling prices led to a spate of project deferrals and cancellations, Rigzone.com reports