Shaybah has a production capacity of almost 1 million barrels per day of oil and has more than 14 billion barrels of ...

The US Coast Guard is overseeing the response to an oil spill near the Louisiana Offshore Oil Port (LOOP) in the US Gulf, the federal agency said Friday. A crude discharge was reported near the LOOP ...

Oil prices settled a volatile week with a massive gain Friday, surging past $90 per barrel and gaining more than $20 per barrel since Saturday when the US and Israel unloaded their first barrages on ...

Eni and Nigeria's government settle all legal claims and end arbitration proceedings on controversial deepwater asset ...

The Shanghai-listed shares of the Chinese majors surged following the US-Iran crisis, prompting the companies to respond to ...

South Korean government outlines slew of government proposals to cushion potential financial fallout from US-Iran conflict ...

John Evans to retire as chief executive of Subsea7 on 30 June and will be succeeded from 1 July by Stuart Fitzgerald, who is ...

Shell confirmed it has inked deals with Venezuela to explore development of the country’s oil and gas reserves, less than a month after the US began allowing oil majors to sign exploration and ...

Inpex has launched the second major engineering, procurement, construction and installation (EPCI) contract for its $20 billion-plus Abadi liquefied natural gas project in Indonesia. The Japanese ...

Data centre projects are increasingly sourcing their own supplies of steady gas-fired power directly from producers, and two new deals announced this week underscore the trend ...

China’s current total onshore crude inventories are equivalent to about 115 days of the country’s total seaborne crude ...

The International Energy Agency met with European Union officials in Brussels to discuss energy security in the wake of the Iran conflict ...