Brazilian oil company Petro Brasileiro (Petrobras) has agreed to pick up a 30% stake in one of ONGC’s discovered...

Iran’s parliament last night agreed to press ahead with plans to introduce fuel rationing in the face of panic...

Bolivia has taken full control of two oil refineries from the Brazilian state-owned energy company, Petrobras, after a compensation...

Oil giant BP is to build a £200m "green" fuel plant on the outskirts of Hull as it seeks...

Angry Iranians attacked several gas stations in protest after the government suddenly began long-threatened fuel rationing, while many others...

Exxon Mobil and ConocoPhillips , two of the world’s top oil companies, have refused to sign a deal to...

Orascom Construction Ind-ustries will today ann-ounce the development of a Dollars 1.8bn facility to produce fertiliser on the Mediterranean...

Norwegian oilfield services group Seadrill has won a four-year job worth about $810 million from Shell for use of...

BP expects to restart today 10,000 barrels per day of Alaskan oil production at its giant Prudhoe Bay oil...

Dolphin Energy has flowed first gas in Qatar and is testing process plants before ramping up exports to the...