OPEC ministers will take further steps to prop up the oil market and could call another meeting before the...

KBR announced it has been awarded a contract by Abu Dhabi Gas Liquefaction Company Ltd. (ADGAS) to provide program...

Russia and China are set to sign a much-delayed, long-term oil supply deal and Beijing is in talks to...

BP is making good progress in its drive to improve performance, chief executive Tony Hayward said today as the...

BG Group is set to buy Australian coalbed methane leader Queensland Gas Company (QGC) in a friendly offer worth...

Ministers from major oil exporting countries Friday in Vienna said they would cut their collective production quota by 1....

Saudi Arabia will bring on stream its 1.2 million barrel a day Khurais oil field development in mid-2009, the...

WesternGeco has been awarded a major land contract by GAZPROM Libya B.V. The contract is for the acquisition and...

Brent crude oil prices plunged underneath 60 dollars per barrel here on Monday, as traders responded to the potential...

Kazakhstan is ready to exchange exploration rights it holds for oil and gas assets in the Caspian Sea with...