Saudi Arabia and Iran are vying to nominate the new secretary-general of the oil-producers' cartel to succeed Abdullah el-Badri, whose term expires in December.

A pair of transactions valued at $56 billion to buy out the co-owners of TNK-BP gives the Kremlin an industry giant in Rosneft while still retaining BP's expertise.

The world's No.3 gold producer has told its striking miners to return to work by midday Wednesday or face dismissal.

Outline terms of deal have been signed that gets BP out of a troubled joint venture and that will eventually leave it holding a 19.75% stake in the state backed Russian oil company.

Surprise move against Malaysian state oil company could signal problems for Chinese oil group CNOOC's C$15.1 billion offer for Nexen.

Earlier this week parliaments in South Sudan and neighboring Sudan ratified an agreement reached between the two countries last month on security, oil and cooperation that ended their border war.

Miners come out on strike again at Lonmin's Marikana mine while Gold Fields is circumspect that its strike is over despite returns to work.

If completed, it would make the state backed Russian company the largest publicly traded crude oil producer in the world.

YPF, the renationalized Argentine energy company, expects to receive government approval to more than double natural-gas prices to help fund expansions.

If the state-backed Russian oil giant does acquire TNK-BP from co-owners BP and AAR, a group of Soviet-born oligarchs, it would leap to the top of the ranks of the world's oil majors.