Iran’s Oil Minister, Bijan Zangeneh, has downplayed fears that the return of Iranian crude will further dampen oil prices,...

Brazil’s oil-workers’ union began a strike on November 1, protesting asset sales and cuts in investment on the part...

Ecuador’s President Rafael Correa said on Saturday that his country is in ‘friendly’ negotiations with Occidental Petroleum Corp over...

Analysts Sanford C. Bernstein & Co. have predicted a rise in mergers and acquisitions (M&A) over the coming year,...

Saudi Arabia’s Sadara Basic Services has signed agreements covering storage facilities and port services in preparation for its petrochemicals...

Italian energy giant Eni issued a press release on the recent meeting held in Jerusalem between its CEO, Claudio...

Osama Kamal, Former Minister of Petroleum, has told Daily News Egypt that BP’s North Alexandria deal includes a revolving letter of...

Eni has announced in a press release the success of the appraisal well “Nidoco North West 3,” in the...

The Islamic State (IS) is selling most of its illegally acquired oil through Turkey and Kurdish areas, according to...

Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced that seven men have been jailed for 10 years after...