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      Brent crude remains above $97 on firm US economic data and steady China PMI

      Asia Pacific
      Brent crude futures remained above $97 a barrel today amid firm US economic data and steady China PMI.   However, due to ample supllies,...

      Oil drops below $97 on weak Chinese industrial data and strong US dollar

      Asia Pacific
      The price of Brent crude oil declined below $97 a barrel today amid weak Chinese industrial data and a strong US dollar.   According...

      ONGC Videsh to explore oil and gas offshore Vietnam

      Asia Pacific
      India-based ONGC Videsh has agreed to participate in the exploration of oil and gas offshore Vietnam.   ONGC Videsh signed a letter of intent...

      Fox Petroleum plans to build FSRU LNG terminal in Karnataka, India

      Asia Pacific
      Fox Petroleum has unveiled its plans to construct a floating storage regasification unit (FSRU) liquefied natural gas (LNG) terminal in the state of Karnataka,...

      Downer EDI wins miscellaneous works contract for Gorgon project, Western Australia

      Asia Pacific
      Downer EDI has secured a A$170m ($159m) contract to work on the Gorgon project situated on Barrow Island off the north-west coast of Western...

      Xcite Energy signs MOU with China Oilfield Services for Bentley field, UK North Sea

      Asia Pacific
      Xcite Energy has signed a memorandum of understanding (MOU) with China Oilfield Services (COSL) to purchase a harsh environment jack-up drilling rig for the...

      Oil falls to near $78 on Japan recession news

      Asia Pacific
      The price of Brent crude oil dropped by more than $1 to near $78 a barrel on Monday, following news that Japan is now...

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