Statoil is positioning itself for possible upcoming contract awards in Libya after reopening its local office in the war-torn North African country last month, according to a report.
The Ugandan government owes oil companies including UK independent Tullow Oil at least $492.5 million for exploration activities along the country's western border with Congo, according to a report citing the country’s auditor general.
Anadarko Petroleum Corporation announced that with the success of its Barquentine-4 appraisal well, the partnership has completed the drilling portion of its planned appraisal program in the discovery area offshore Mozambique.
Heritage Oil Plc, an independent upstream exploration and production company, provides an update on the Miran West-3 well in the Kurdistan Region of Iraq.
Sinopec SABIC Tianjin Petrochemical Company (SSTPC) laid the foundation for a polycarbonate production complex with 260,000 metric tons per annum capacity, at a ground-breaking ceremony in the Tianjin Binhai New Area.
Iraq's Kurdish region, which has halted crude exports in a row with Baghdad, owes the central government more than $5 billion and is smuggling the oil it produces through Iran, Iraqi officials said Monday.
The closure of the Yemen liquefied natural gas terminal, after its feed pipeline was blown up last week, is expected to cut its super-cooled gas exports by about four cargoes.
U.S. President Barack Obama cleared the way for sanctions aimed at banks in countries that import Iranian oil, the latest U.S. step to ratchet up pressure on the government in Tehran over its nuclear program.
India's state-run Oil & Natural Gas Corp. Friday signed an initial agreement with ConocoPhillips to screen opportunities for jointly exploring and developing shale-gas reserves in India and North America and deep-water blocks along India's east coast.