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Minister of Petroleum, Bijan Zangeneh says Iran’s daily production of oil and condensate has risen to 2.4 million barrels.   ...

Mohsen Qamsari, the director for international affairs of the National Iranian Oil Company (NIOC), stated that Iran has already reached...

 The Shah Deniz consortium announced the award of a $1.5 billion contract for the transport and installation of the deeper...

Statoil ASA has entered into an agreement with Lundin Petroleum AB (Lundin Petroleum) to divest its entire 15 percent interest...

Shell has completed the sale of Dansk Fuels in Denmark to Couche-Tard for approximately $300 million including working capital. Dansk...

At the core of the three-year agreement are R&D activities in all engineering areas, in particular in support of ground-breaking...

4/28/2016 Reported first-quarter earnings of $1 million •Results include pretax charges of $0.06 per diluted share related to the impairment...

GE Oil & Gas and SapuraKencana Well Services today signed a Memorandum of Understanding (MoU) announcing an Asia-Pacific wide agreement...

ZUG, Switzerland -- Transocean Ltd. announced today that Shell has elected to terminate the contract for the harsh environment semisubmersible...

Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries have won strong support from repeat customers by securing...