As the US builds up naval and air assets in the Middle East, oil markets are on watch for potential military strikes on Iran ...

Austria's OMV has signed an agreement to sell its 25.1% stake in Romanian oil company Rompetrol to Rompetrol Holding, a Swiss-based entity owned by the… ...

Investment banker and commodities brokerage and consultancy Jefferies Group said that its subsidiary, Jefferies International, has added a team of four new investment bankers to expand its Randall & ...

A top Omani oil executive on trial for bribery charges says the management of Petroleum Development Oman (PDO) made the decision to extend a major construction contract to a local Omani contractor ...

Libya has finally agreed a deal unlocking the next investment phase at Waha, while Chevron has followed Exxon in evaluating ...

High-sulfur fuel oil (HSFO) continues to rally in Asia despite the International Maritime Organization's (IMO) new caps on sulfur emissions which take effect on Jan. 1. Attacks on crude oil facilities ...

Canadian pipeline giant Enbridge's chief executive said the company does not expect to resume operating a Venezuelan oil terminal after the state oil firm enlisted troops and replacement workers to ...

State-owned Petroleos de Venezuela (PDV) and China National Petroleum Corp. (CNPC) have signed a comprehensive investment deal worth $2.2 billion that would boost production of heavy and light oil in ...

The contest is shaping up for Saudi Arabia's first international upstream tender for gas exploration and development. Royal Dutch/Shell and Exxon Mobil,… ...

Norway’s Statoil announced Friday that it has signed a memorandum of understanding with state giant Petroleos de Venezuela (PDV) with the intention of… ...

US supermajor Exxon Mobil announced Thursday the start of production at the Xikomba field in Angola's deepwater Block 15, around 370 kilometers northwest… ...

Gaz de France (GDF) and Suez have completed the purchase of the 1,875 MW Teesside combined-cycle gas turbine (CCGT) plant in northeast England. The… ...