US Chevron Corporation commenced LNG and condensate production at the $54b Gorgon Project on Barrow Island, located off the northwest coast of Western Australia. Its first cargo is scheduled to be shipped in mid March.
The US Bureau of Ocean Energy Management (BOEM) announced it would offer approximately 45m acres in the Gulf of Mexico for oil and gas exploration and development in two March lease sales.
The US could receive its first Oman crude cargo in three years as the price of West Texas Intermediate (WTI) crude futures rose above Omani oil futures, Dubai Mercantile Exchange (DME). The prices for Middle East fut ...
The EU expects sanctions on the Islamic Republic to be lifted shortly as Iran's efforts to implement the July 2015 nuclear deal are proceeding in line with the terms of the agreement and according to the schedule.
The US is believed to soon resume its oil trade relations with Nigeria by purchasing 'very limited' quantities of Nigeria's crude, according to a statement by Nigeria's Minister of State for Petroleum, Ibe Kachikwu.
U.S. shale oil production is expected to fall by above 600,000b/d in January as oil prices remain slashed to seven-year low, according to a U.S. government forecast.
Abu Dhabi National Energy Co., or Taqa, has filed with US energy regulators to sell its stake in the Lakefield wind power plant in the U.S. state of Minnesota.
A document released by Iran's state news agency IRNA proves that United States, Britain, France, China, Russia plus Germany are all helping Iran redesign its Arak heavy water reactor so that it cannot produce weapons ...
The United States government has finally rejected the controversial Keystone XL pipeline project, which was intended to ship crude oil from the Alberta oil sands of Canada down to the southern coast of the US.