Nvidia's GPU microchips, essential for…
Suriname's oil boom hopes are…
Researchers have successfully combined two…
Just when western oil majors started resuming investments in Iran’s oil and gas after the lifting of the sanctions, the election victory of Donald Trump – who has spoken…
Iran has announced the launch of production at the North Yaran field, which it shares with Iraq, after years of delay. The development manager of the field, Arash Baqerzadeh,…
The latest American Petroleum Institute (API) report shows a crude oil build more than two times larger than experts expected, after last week’s government report revealed a record
In its bid to dramatically increase vehicle production, Tesla Motors Inc (NASDAQ:TSLA) said on Tuesday that it had signed a deal to buy German company Grohmann Engineering, which…
U.S. oil drillers have reaped a combined US$28 billion from secondary stock offerings so far this year, as they are buying land and raising capital for M&A, fuelfix reported…
France’s oil and gas major Total SA (NYSE:TOT) said on Tuesday that it had signed a preliminary deal to invest billions of dollars in the development of a…
BP and Oman Oil Company have signed an agreement with the government of Oman to extend their licensing agreement in Oman's huge Khazzan gas field, paving the way for a…
Japan Petroleum Exploration (Japex) said Tuesday it will postpone launching its Hangingstone oil sands expansion project in Alberta, Canada, until mid-2017, which will result in a cost increase for…
The Trans Forcados pipeline, which feeds crude from the Niger Delta to the Shell-operated export terminal of the same name, was again bombed in the early hours of Tuesday.…
Iran’s Navy will escort all tankers and other commercial vessels leaving the coast of the country to ensure their safe passage through risky waters. This is what Rear Admiral Habibollah…
Danish energy firm DONG Energy has decided to drop its oil and gas operations in order to focus exclusively on offshore windfarm construction and operation. The company had
China’s Beijing Gas Group Company has reportedly acquired a 20-percent stake in a subsidiary of Russian Rosneft, giving the Russians help in developing resources in eastern Siberia and access to…
Saudi Arabia’s governing economic body called the Council of Economic and Development Affairs (CEDA) has cancelled $266.7 billion in projects, the Saudi Press Agency said, and announced it would be…
An oil spill in Venezuela’s Anzoategui State has affected drinking water across a 31-mile radius, PDVSA confirmed on Monday. Anzoategui State is known for its beautiful coastline that makes up…
As if the Dakota Access Pipeline project didn’t already have enough problems, Norwegian bank DNB, is rethinking its earlier decision to doll out $342.36 million in loans to construct the…
The chief executive of Italy’s oil major Eni SpA (NYSE:E), Claudio Descalzi, thinks that OPEC-only output cuts is not enough to lift crude oil prices, and that there should…
Saudi Aramco has suspended all shipments of fuels to Egypt indefinitely, according to a spokesman for Egypt’s Oil Minister Tarek El Molla. The shipments were part of a US$23-billion…
An earthquake with a magnitude of 5.0 on the Richter scale shook Cushing, Oklahoma, the home of U.S. crude oil reserves at 7:44 pm last night. Initial reports said…
The Brazilian government on Friday reported that its oil and gas production rose to record levels in September with a total oil equivalent of 3.36 million barrels per day (bpd).…
The Ministry of Natural Resources of the Kurdistan Regional Government (KRG) denied on Thursday a report by news outlet NRT that the autonomous region in northern Iraq is selling…