Statoil is the first company in Norway to offer 5 per cent bioethanol to general consumers. From January 2010...

Abu Dhabi National Oil Co, which exports most of its oil to Asia, lowered official December selling prices after...

Global companies negotiating multi-billion dollar oilfield deals with Iraq have not yet responded to government requests for adjustments to...

Sociedade Nacional de Combustiveis de Angola, better known as Sonangol, signed Wednesday in Baghdad two initial deals to develop...

The Egyptian Minister of Petroleum Eng. Sameh Fahmy announced that Egypt is expected to have 520 exploratory and development...

The Anglo-Dutch supermajor Shell’s plans to sell US$5 billion worth of oil assets in Nigeria has been met by...

The quantity of oil used at Oman Oil Refineries and Petrochemicals Company declined by 7.2 percent during the first...

Oil prices are likely to hover between $70 and $80 a barrel next year if the world economy strengthens,...

World oil prices, which have soared 40 percent this year on signs of global economic recovery, rose Thursday as...

Sea Dragon Energy Inc has completed the acquisition of all of the issued and outstanding shares of Premier Oil...