(RTTNews) - Wednesday, Denver, Colorado-based Credo Petroleum Corp. (CRED: News ), posted a lower third-quarter profit as revenues fell impacted by substantially lower price realizations for both oil and natural gas.
Third-quarter net income fell down to $0.35 million or $0.03 per share from $3.34 million or $0.34 per share for the prior-year quarter.
Revenues [...]

By Gilbert da Costa
Nigerian rebels who have waged an increasingly bold campaign in the oil-rich Niger Delta say they feel cheated out of the oil wealth being pumped out of their land. Residents are equally disappointed by the near-absence of schools in the Delta. A philanthropist in the region says education holds the key [...]

CARACAS (Reuters) - President Hugo Chavez said on Sunday Venezuela will develop a nuclear reactor for peaceful purposes, in another challenge to Washington just days after Russia offered nuclear assistance to the socialist Latin American leader.
“In Venezuela we are interested in development of nuclear energy, of course for peaceful purposes, for medical purposes, for purposes [...]