Indonesia is seeking to rejoin OPEC to get access to cheaper oil supplies as demand soars and domestic production falls, but critics say the move is an unwelcome distraction from efforts to overhaul the country's tro ...
Iran has found possible oil shales in southeast Kerman and northern Semnan as the country is trying to figure out an estimate of its unconventional hydrocarbon reserves.
THE world’s oldest tools are the size of massive fists, sharpened at the edges and seemingly unblemished, having been preserved in ancient soil. They predate the earliest humans and hint at how long it has taken our ...
Kazakhstan, an oil producer since 1911, has the second largest oil reserves as well as the second largest oil production after Russia in the post-Soviet space. Soviet Kazakhstan’s oil production did not increase to a ...
Top Russian oil producer Rosneft has raised the stakes in its battle with Saudi Arabia for market share by securing new Asian markets to hedge against the risk that any new Western sanctions could hit crude sales.
Nigeria will share $2.1 billion to federal, state and local governments to reduce a growing backlog of debts and restructure short-term loans as Africa's biggest oil producer suffers declining revenues, the presidenc ...
China's energy regulator has released new draft guidelines for projects that convert coal to oil or gas, aiming to commit the sector to the strictest possible environmental standards, it said on Tuesday.
A federal judge refused on Tuesday to dismiss a lawsuit that environmental groups filed against a New Orleans-based company responsible for a decade-old oil leak in the Gulf of Mexico.
Lawmakers are set to probe a federal agency’s oversight of U.S. pipelines after a crude spill near the southern California coast highlighted the government’s delays implementing congressionally mandated safeguards.