A huge light crude oilfield with considerable reserves has been discovered in southwest Iran, the Mehr News Agency reported...

Iraq’s Deputy Prime Minister for Energy Hussain al-Shahristani confirmed on Wednesday that talks were taking place between BP and...

Abu Dhabi-based Dolphin Energy confirmed it has created a shortlist of companies for an engineering, procurement and construction contract...

Oil prices will gain 30 percent on average in 2012 compared with a year earlier on possible supply disruption...

Exxon Mobil has told Baghdad it will not break ground on its oil blocs in the semi-autonomous Kurdish north...

Saudi Aramco has started testing the first of three trains at an expanded gas processing facility for its offshore...

Royal Dutch Shell Plc is assessing projects that could be worth around $4 billion to boost oil production in...

Anadarko Petroleum has struck oil shows at two wells at off pair of near neighbours in West Africa. The...

The Chilean Sociedad Internacional Petrolera SA (Sipetrol) has completed the drilling of a new exploratory well in its Rommana...

A significant increase in drilling activity has been undertaken by Khalda Petroleum over the previous two months, as the...