A U.S.-based biotechnology firm is…
Oil prices are under pressure…
Copper prices reached $10,000 per…
Statoil has struck crude oil in the Kolje formation in the Barents Sea, near the Johan Castberg field, the company announced. Recoverable reserves at the location are estimated at…
An Indian consortium led by ONGC Videsh has offered Tehran US$11 billion in investments into the Farzad-B natural gas field on the condition that the Iranian authorities can guarantee it…
Goldman Sachs has sold of a portion of the Venezuelan bonds it purchased in May, causing market commotion at the time of the initial $2.8 billion transaction last month.
Japanese and South Korean buyers will snap up Atlantic crude oil cargoes in the coming months, ahead of an expected demand boom in the winter, according to a new report…
OPEC oil output reached a 2017 high in June as Libya and Nigeria continue a production recovery despite the bloc’s efforts to ease a global supply glut, the results…
Saudi Arabia’s gross domestic product fell in the first quarter of 2017 year-over-year, marking the first time the top oil exporter’s economy contracted after the 2014 oil price crash.…
The oil tanker loaded with crude from Kurdistan and thought to be headed to the U.S. before it turned off its tracker after exiting the Strait of Gibraltar a week…
In a bid to modernize environmental assessment and regulatory processes and regain public trust in agencies, Canada is proposing to establish a single government agency responsible for assessments of…
To boost American energy exports, the administration of U.S. President Donald Trump has approved the construction of a new petroleum pipeline from the U.S. to Mexico that “will go right…
Russian oil major Rosneft could build its own liquefied natural gas plant in the far east, apart from its planned facility in partnership with ExxonMobil, according to Rosneft Vice President…
Ghanaian oil production will average 200,000 barrels per day in 2017, despite a two-month shutdown at one of the small African nation’s major production facilities. The Jubilee floating, production, storage,…
First oil from Kenya will arrive in international markets three months later than projected, according to an announcement from the nation’s energy minister on Thursday. Minister Charles Keter said the…
Demand for North Sea crude is resurgent as inventories of the grade stored on ships docked around the world fall from four-month highs last week, according to a new report…
It looks like Libya is right on track to reach its goal to raise crude output to 1 million bpd by the end of July, in what would be a…
Iraq’s semi-autonomous region of Kurdistan has been assured by the buyers of its crude oil that the oil was not headed to the U.S., Kurdistan’s Minister of Natural Resources Ashti…
A new militant group in the oil-rich Niger Delta is calling off the war it had threatened to start on June 30, and has decided to “give peace a…
Linn Energy and Citizen Energy will create a separate joint venture to develop oil resources in a 140,000-acre piece of land in Oklahoma, according to a new report by
Nigeria will run out of its prized oil reserves in the next 25 to 30 years, which means the country should shift its focus to natural gas production, according…
Norway placed first in a new international ranking of countries’ management of natural resource extraction and wealth, closely beating out Chile, Britain, and Canada for the top spot. The…
Indian state producers face increased scrutiny from the energy ministry to make sure the Asian giant meets its import dependency reduction goals, according to Oil Minister Dharmendra Pradhan on…