The outlook remains grim according to the Organisation of Petroleum Exporting Countries (OPEC) as it looks set to slash...

South Africa’s Petroleum Agency for the Promotion of Petroleum Exploration and Exploitation announced that the Fourth Offshore Licensing Round...

Oil prices rebounded in Asian trade Thursday as the market awaited the OPEC cartel’s decision on output cuts, analysts...

Russia won Hungarian support on Tuesday for its South Stream pipeline to deliver gas to Europe, while Prime Minister...

Aker Solutions has signed a partnership agreement with the Arabian Consulting Engineering Centre (ACEC) to support its plans to...

Exxon Mobil is in constant dialogue with Baghdad to create the investment climate that would allow it to become...

Tullow Oil plc announces that the Tweneboa-1 exploration well, drilled in the Deepwater Tano licence offshore Ghana, has discovered...

Total announces that its subsidiary Total Upstream Nigeria Limited (TUPNI), operator of the OML 130 block, has started production...

Morocco, the only North African state without oil of its own, plans to invest 90 billion dirhams ($10.29 billion)...

Current weak demand for gas may persist into 2010, but Qatar liquefied natural gas is well positioned to deal...