According to a recent announcement made by officials belonging to General Electric (GE), the company will be investing an astounding $50 million in India.

The previous week witnessed a sudden surge in gas prices as they rose 5 cents in Georgia to reach $3.48.

Aiming on increasing its business in Britain, PPL confirmed its deal to buy a British business of Germany's E.On. This deal is worth $5.6 billion and all money will be paid in cash.

CEO of world's largest state oil company, Saudi Aramco has convinced the worried-about-oil markets that company is ready to supply oil, in case of any oil supply shortage.

Responding to increasing global concerns over rising oil issue, Saudi Arabian Oil minister has recently stated that his country is producing enough oil to meet requirements.

Dallas based refining company Holly Corp. has announced its deal of buying Houston based Frontier Oil Corp. The deal is worth $2.8 billion. All money will be paid up in form of shares. Holly Corp.

America’s third largest coal producer Alpha Natural Resources Inc. has given its approval to the purchase of Massey Energy Co. for about $7.1 billion.

In wake to optimize the natural resources of the province, the government of Alberta has zeroed in foe a regulatory body to monitor its oil and gas developments.