oil and gas

Sinopec, Asia's largest refiner by capacity, said its profit rose 12 percent in the first half of the year as higher oil and gas revenues helped offset a loss in its refining sector.

Shares of Malaysia's SapuraCrest Petroleum Bhd. and Kencana Petroleum Bhd. climbed Tuesday, bolstered by news they would be merged in an 11.85 billion ringgit ($3.9 billion) deal to create one of the world's largest oil and gas service providers.

Developers believe green energy can do for Humberside what oil and gas did for Aberdeen in the 1970s.

India's Reliance Industries posted a 27.8 percent rise in quarterly profit Saturday, in line with expectations, on rising revenues from refining and oil and gas production.

China's state-owned offshore oil and gas company has bought a one-third interest in 600,000 acres that Chesapeake Energy leases in a South Texas oil and gas field.

Iraq's oil minister is calling on international oil companies that won contracts to develop 11 oil and gas fields to show they are able to meet their obligations.

The laboratory that officials have chosen to process virtually all of the samples is part of an oil and gas services company in Texas that counts oil firms, including BP, among its biggest clients.

The U.S. Bureau of Land Management auctioned off a record $32.3 million in federal oil and gas rights in Wyoming amid speculation that a major oil play could be in the offing in the eastern part of the state.

Oil and gas explorer SandRidge Energy Inc. is buying fellow developer Arena Resources Inc.

(Wiley-Blackwell) Research into the social and environmental effects on communities that are economically dependent on oil and gas industries has revealed "social dysfunction and biological impoverishment." The research, published in Conservation Biology, revealed that over a nine year period the number of registered sex offenders in energy "boomtowns" was two to three times higher than towns dependent on other industries.