Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance.
Circle Oil plc, the international oil and gas exploration, development, and production company announced that the 2016 infill drilling campaign on the North West Gemsa field in Egypt has been completed.
A series of attacks on Nigeria's oil infrastructure has pushed its output of crude close to a 22-year low, Reuters data shows, putting intense pressure on the country's finances.
The Kuwait's Deputy Foreign Minister stressed the importance of reaching a consensus among oil producing countries and he said that "There is no choice but to freeze production".
The Obama administration issued a final rule to sharply cut methane emissions from US oil and gas production, a key part of a push by President Barack Obama to reduce methane emissions by nearly half over the next d ...
Tanzania has agreed with Uganda to accelerate the implementation of a crude oil pipeline project between the two east African nations, and award the construction contract to multiple contractors.
Workers for one of the largest oil sands companies affected by a wildfire in northern Canada started to return to the shuttered facilities on May 12th. The gradual return of Canadian oil sands output dragged down oil ...
A Senior Oil Workers' Union official said that all oil companies operating in Nigeria should evacuate their staff from the southern Niger Delta following several attacks on oil facilities.
Iran rejects again the call to freeze its oil output and emphasized that it will go ahead with its plans to increase its oil production to as high as 4m b/pd.
The out-of-control wildfire that is scorching large swathes of land and displacing thousands of people in Alberta, Canada, has also knocked out nearly a third of Canada's daily crude oil production.