We're entering a key period…
Uranium stocks surged as the…
The world's largest oil producer…
China’s President Xi Jinping had warned Philippine President Rodrigo Duterte that the Chinese would go to war if the Philippines were to drill for oil in a disputed area in…
Indonesia offered on Friday 10 conventional and 5 unconventional oil and gas blocks under new, more flexible terms for production sharing deals, but it is still failing to attract much…
Iraq has made a US$300-million payment to Iran under a power export agreement, according to Azeri news media Trend, quoting Iran’s Deputy Energy Minister Houshang Falahatian. Another US$800 million remain…
The oil and gas industry of Texas continued to recover in April, with strong oil production growth last month, the Federal Reserve Bank of Dallas said in its Energy…
Colombia’s crude oil reserves declined by 16.8 percent last year, according to the country’s natural resources ministry, but things are changing this year and more new wells had been…
Last month, on April 4, the highly controversial Dakota Access Pipeline had its first leak before it was even fully operational. The small leak spilled about 84 gallons of…
WTI Crude price for front-month delivery jumped above US$50 per barrel on Friday morning for the first time in more than three weeks after reports suggested earlier in the day…
Rosneft has begun strategic planning for post-OPEC cut oil markets, according to the state-owned oil giant’s CEO Igor Sechin. Russia joined in on the Organization of Petroleum Exporting Countries’…
Two political parties in oil-rich Alberta – the Progressive Conservative Party and the Wildrose Party - have tentatively agreed to merge, according to a new report by Reuters. The…
Talks between Indonesia and the United Arab Emirates could bring the launch of a $5 billion energy project, according to news from a recent meeting between Indonesian President Joko…
While many oil producers part of the OPEC/non-OPEC agreement to curb production have already stated their support to the deal extension for another nine months, Kazakhstan is going into next…
Russian President Vladimir Putin and Venezuela’s President Nicolas Maduro discussed the global oil markets situation in a telephone call at Venezuela’s initiative, the Kremlin said on Thursday, as support…
Brazil’s state energy major Petrobras last distributed a dividend in April 2014. This year could mark the return of the payouts as the company eyes to end 2017…
Algeria is planning to reduce oil subsidies further as a way of cutting public spending amid consistently low oil prices, the North African country’s Finance Minister Haji Baba Ammi
Low oil revenues are prompting the government of Oman to sell $2 billion in Islamic bonds to raise funds for the national budget, according to a new report by Bloomberg.…
Some parts of Venezuela faced gasoline shortages on Wednesday as old refineries shuttered due to technical issues and protests that blocked scheduled deliveries, according to a new report by Reuters.…
Italy’s oil major Eni SpA and Russia’s oil giant Rosneft signed on Wednesday an agreement to cooperate in oil and gas exploration and production, as well as in oil refining,…
In March this year, Shell said that it is proposing a Directors’ Remuneration Policy, subject to shareholder approval at the 2017 Annual General Meeting (AGM) on May 23, 2017. The…
Israeli companies Delek Drilling and Avner Oil Exploration have fulfilled all conditions necessary to merge the two firms that are part of conglomerate Delek Group into a new entity that…
In a step forward for Indo-Iranian relations, senior level officials from both countries convened in Tehran to discuss the resolution to a dispute regarding the oil and gas sectors.…