BP has declared force majeure on oil output from an Angolan oil project which provides almost 10 percent of...

Oil producers in Oman, including majority state-owned Petroleum Development Oman (PDO), are resorting to cost-cutting measures in view of...

Saudi Arabia’s PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, has signed loans worth 19.4 billion riyals...

Russia’s portfolio seller Gazprom has signed a contract with EGAS for the supply of 35 cargoes of LNG, Egypt’s Ministry...

Lukoil Overseas, the Dubai based international upstream division of the Russian Lukoil Group said that none of its projects...

Libya’s internationally recognised government said on Tuesday that any sales of the country’s oil should be arranged through a...

The US oil companies taking position against Republican senators who recently wrote a letter warning Iran against a nuclear...

The North Sea, which brought upheaval to global oil markets in the 1980s just as shale has in this...

LGO Energy has announced that its wholly owned subsidiary, Goudron E&P Limited, has now drawn an initial $11.78 million...

Dragon Oil has been made an undisclosed offer for its entire share capital by fellow Dubai-based Emirates Nation Oil...