Iran’s Parliament has approved a proposal to increase the rate of gasoline in the budget bill for the next...

The UAE will continue to push ahead with its planned oil sector projects despite lower crude oil prices, energy...

Oil output from Libya, where ports and oilfields have been shut due to fighting, has fallen to 363,000 barrels...

Saudi Arabia’s new leadership will push forward efforts to diversify the growing but oil-dependent economy, while easing procedures for...

Tullow Oil PLC encountered oil and wet gas shows over a 100-m interval of non reservoir quality rocks—demonstrating a...

Fujairah will emerge as an important oil and trading hub in the coming years with the number of facilities...

African Petroleum Corp. has released data from an assessment of its prospective oil resources done by ERC Equipoise Ltd....

Jericho Oil Corporation announced it signed a letter of intent to purchase a 50 percent working interest in 2,050 acres...

Santos says an appraisal well has proved more gas at the Barossa discovery in the NT/RL5 permit offshore Northern...

Baker Hughes count of rigs operating offshore US held steady last week at 54. Of this number, 53 were...