News

The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of...

Indonesia has lowered its upstream oil and gas investment target by 15 percent this year amid continued global economic pressures...

Aramco announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from...

Gazprom Neft, the oil branch of Russian gas giant Gazprom, has shipped the 200th consignment of ARCO crude from its...

Oil and gas explorer and developer Cooper Energy has resumed commissioning of the Orbost gas plant in Victoria, Australia. The...

National Fuel Gas Company announced that it has entered into a purchase and sale agreement with SWEPI LP, a subsidiary...

Oil declined from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from...

Austrian oil and gas company OMV is set to drill an appraisal well in the Norwegian Sea after receiveing an...

Explorations and production firm Bahamas Petroleum Company (BPC) has signed an offshore drilling rig contract with Stena Drilling to use...

Oil prices have slipped after US inventory data showed a weaker fuel demand in the country. Brent crude dropped 25...