As Turkey scales up its hunt for domestic oil and gas in the Black Sea, it's also promoting it's ability to connect exporting nations in the Middle East and Central Asia to hungry European energy  markets.

From a standing start with a few leases in East Texas, Guma Aguiar and Leor Energy found themselves in the right place at the right time. The multi-trillion cubic-foot Amoruso Field was the result.

Each with several energy investments in their portfolios, Pine Brook Road Partners and Houston Energy Advisors are looking to back yet more E&P stories in 2008.

Capital continues to flow to upstream MLPs, despite recent setbacks in debt and equity markets and uneasiness about PIPE overhangs.

Three top analysts pick a dozen small-cap service stocks poised for strong share-price gains this year.

While many gas fields in the U.S. are in decline, Panola Field is coming into its own. Operator Unit Corp. is capturing the whole value chain there: exploration, production, gathering and processing. Here's how.

Do the major oils have disposophobia? U.S. independents can help.

Worldwide E&P expenditures will climb 9.3% in 2008, according to Citigroup's 26th annual E & P spending survey.

Major oil producers may need to do some M&A to replace reserves, and independent oils are among potential targets.

Canadian firm Shelton Canada Corp. focuses on opportunities in Ukraine, an Eastern European country that gained its independence in 1991.  

Sometimes it pays to take a risk, like drilling a wildcat, funding a start-up or sticking a no-no thing in a microwave oven.