News

Endeavor Energy, General Electric (GE), and their consortium partners, have agreed to a supply term sheet with Shell and entered...

Shell has agreed to acquire an 80% operatorship interest in Northern Petroleum's Cascina Alberto permit, onshore north-west Italy. Shell has...

Egdon Resources has revealed a gas pay zone at the Wressle-1 well, onshore England, UK. The well, located in Lincolnshire...

Tethys Petroleum has signed a memorandum of understanding (MOU) with PetroChina International Kazakhstan to explore the feasibility of a long-term...

Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades...

Russia may consider allowing Chinese investors more than 50 percent stakes in its strategic oil and gas fields, an official...

Angola plans to increase its oil production by 20 percent by next year after suffering a “very difficult” 2014 as...

In a bid to enhance energy security, India is setting up Strategic Crude Oil Reserves of 5.33 Million Metric Tonnes...

Gas giant Gazprom’s oil arm is shifting its trading operations from Austria back to Russia, it said, with industry sources...

Becht Engineering Co., Inc., has announced that it has acquired The CECON Group, Inc. Terms of the transaction were not...