BP Plc is seeking to buy out its billionaire partners in Russia's third-largest oil producer, as a planned share swap with state-controlled OAO Rosneft expires today, said people with knowledge of the plans.
Petroliam Nasional Bhd., Malaysia's state oil and gas company, will build a $20 billion refining complex bordering Singapore to benefit from increased global demand for petrochemicals and plastics.
Total announces that its subsidiary, TEPA (Block 17/06) Limited, and Sociedade Nacional de CombustÃveis de Angola (Sonangol E.P.), have discovered hydrocarbons in the northeastern area of the deep offshore block 17/06.
Gazprom CEO Alexey Miller and Eni CEO Paolo Scaroni met Wednesday in Moscow at the headquarters of the Russian company. The parties discussed the issues of bilateral cooperation in the energy sector within their Strategic Partnership Agreement.
On the first anniversary of the Gulf of Mexico oil spill, BP Plc on Wednesday sued Cameron International Corp for negligence, because a blowout preventer made by Cameron failed to avert the catastrophe.
Top oil exporter Saudi Arabia has unexpectedly called on oilfield service companies to expand its oil rig count by nearly 30% to boost output capacity, according an analyst.
A senior Libyan rebel official said Qatar had agreed to market crude produced from east Libyan fields that are no longer in the control of Muammar Gaddafi.
Liquefied natural gas producer Yemen LNG has told customers unrest in the country could lead to supply disruptions and possible force majeure, according to a spokeswoman for leading stakeholder Total.