Participating interests are affiliates of Exxon Mobil Corporation (including Esso Highlands Limited as operator, 33.2 percent), Oil Search Limited (29.0 percent), National Petroleum Company PNG (PNG Government, 16.6 percent...
Europe remains as the main gas sales market for the State Oil Company of Azerbaijan (SOCAR), Ihlas agency quotes the Company's head Rovnag Abdullayev as saying at the World Economic Forum in Davos on Friday. &quo...
Engen Petroleum Limited, the African downstream petroleum products refiner and marketer, has acquired the assets of Chevron in seven countries in sub-Sahara Africa. “We have completed the integration process, now the sky is...
RIO DE JANEIRO (Dow Jones)--Brazilian oil startup HRT Participacoes em Petroleo SA (HRTP3.BR) said late Friday that it has asked local regulators to approve its farm-in deal with BP PLC's (BP) Russian joint venture TNK-...
By Yara Bayoumy and Aaron Maasho | ADDIS ABABA (Reuters) - The presidents of Sudan and South Sudan failed Friday to resolve an oil dispute that has led to the shutdown of the South's crude output and threa...
By Alex Lawler LONDON (Reuters) - Royal Dutch Shell's Nigerian venture has finished repairs to a damaged Nigerian oil pipeline and restored output, the company said on Friday, boosting supplies from Africa's ...
Saudi Arabia Finance Minister Ibrahim Al-Assaf said on Thursday that supply to global oil markets was “adequate” and that he was comfortable with oil prices at their current level. “Our long-standing policy is...
South Sudan's president, Salva Kiir, and Sudanese leader Umar al-Bashir failed to reach an agreement to end an oil dispute between the two countries that led South Sudan to start shutting down its crude pr...
Australia-based Santos and Woodside Petroleum have taken action in response to a strengthening Tropical Cyclone Iggy, sitting off the coast of northwestern Australia. A Santos spokesman told Upstream that it had shut...
As part of the process of refining its drilling plans, Bayfield has secured the approval of the Ministry of Energy and Energy Affairs and its partner in the Galeota Licence, Petrotrin, to vary certain of the well programmes...
TEHRAN – A top Iranian diplomat has expressed Tehran's displeasure over an announcement by certain Persian Gulf Arab states to replace Iran's oil exports, saying Iran will consider such a move as “unfriendly”. Hosse...
HOUSTON -- The deepwater Gulf of Mexico will likely be more important to long-term US oil production than shale formations, the chief of the Department of Energy's statistics branch said today. The views of Howard Gruen...
South Sudan last week said it was suspending oil production, accusing Sudan of "stealing" its oil. The leaders of Djibouti, Ethiopia, Kenya and Somalia are trying to broker a deal between South Sudan...
Voser said he had "spent quite a bit of time" with the head of state oil company Saudi Aramco, Khalid al-Falih, at the meeting of political and business leaders in Switzerland, but declined to say if he had asked ...
Under Gaddafi, Libya invested its oil wealth mostly in Europe but also in Africa, the Middle East and the US. Some of Libya's major investments in Africa are managed by the $65bn Libyan Investment A...
Given these hang-ups, many in South Sudan have sought an alternative export route for their oil. And maybe they have found one. On January 25 South Sudan and Kenya announced an agreement whereby Juba would construct ...
27 (UPI) -- Oil production in Iraq in 2011 rose 12 percent compared with the previous year though exports could be curtailed by a lack of infrastructure, analysis finds. In mid-January, Turkish energy company Genel E...
Rosneft is the key target of Statoil´s flirts. The state-owned company recently secured control over several promising licenses in the area, and now seems to be the most likely operator of potentially huge field structures ...
26 (Xinhua) -- If South Africa follows the US and the European (EU) by banning new contracts for crude oil and petroleum products from Iran, South Africa's oil refineries may have to carry out multimillion-rand reconfig...
Solo Oil PLC (LON:SOLO) today provided an update on the drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania operated by Ndovu Resources Ltd (a subsidiary of Aminex). The well was spudded on the...
