Petrobras and a partner firm, Oil and Natural Gas Corp (ONGC), have found a new oil reservoir in deepwater...

There will be no US-style shale gas revolution in Europe, the president of the International Gas Union (IGU) has...

The chief executive of BP expects oil prices to remain low until at least 2016 as production grows faster than demand....

The OPEC cartel, which meets on output this week, appears to have changed its approach to US shale oil...

German industrial company Siemens signed an 8 billion euro deal ($9 billion) with Egypt on Wednesday to supply gas...

South African stocks edged lower on Wednesday, led by petrochemicals firm Sasol as brent crude for July slipped when...

State refiners Indian Oil Corp and Hindustan Petroleum Corp are holding talks with Iraq’s national oil company to buy...

European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end...

Azerbaijan’s minister of energy says the Islamic Republic can join Trans-Anatolian Pipeline (TANAP) in order to export its natural...

Oman will take full control of an oil-trading venture it owns with Vitol Group, the world’s largest independent energy...