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Petrobras completed the drilling of two new wells in the pre-salt layer offshore Brazil and proved an expressive discovery of light oil.

Two new partnerships are expected to boost contracts at a Buffalo life sciences firm.

Niagara Falls Memorial Medical Center is moving forward with a $6.3 million plan to renovate its inpatient adult psychiatric unit.

Venezuela and Vietnam signed 15 industrial, energy and cooperation accords during the first visit ever by a Vietnamese president to Caracas.

OPEC needs to cut 3 million barrels a day to compensate for the bleak global economic outlook, which is expected to result next year in the first contraction to oil demand since the early 1980s.

Gazprom's plan to buy TNK-BP's controlling stake, valued at $800 million, in a strategically important gas field called Kovykta is being hindered as the Russian giant struggles to come up with the necessary cash up front.

An energy association said Friday that production of natural gas from shale deposits in the United States could be doubled over the next decade.

A U.S. federal appeals court canceled a Royal Dutch Shell permit to drill for Alaskan oil, citing an agencies failure to conduct an environmental review.

The Canada-Nova Scotia Offshore Petroleum Board is offering two deepwater parcels located southwest of Sable Island.

Orr Construction management Inc. has won a second contract from Greensburg, Kan., to help rebuild the city after a tornado ravaged it in 2007.