Petroleum

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Cnooc Ltd., China’s biggest offshore oil and gas producer, plans to trim output for the first time in...

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Iran’s oil ministry issued an order to increase production by 500,000 bpd as the country moved ahead with...

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Global oil markets could “drown in oversupply,” sending prices even lower as demand growth slows and Iran revives...

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JX Nippon Exploration and Production (UK) has contracted Odfjell Drilling's semi-submersible rig Deepsea Stavanger to drill a well...

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BHP Billiton has written down the value of its oil and gas assets in the US by $7.2bn...

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Iran is beginning efforts to boost oil production and exports amid a global supply glut after the removal...

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Explorers parked one more drilling rig in U.S. oil fields this week as producers strive to make good...

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Santos announced that the GLNG project participants have executed an agreement with AGL Energy Limited (AGL) for the...

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Drillsearch Energy Limited announces the start of production from the company’s Western Wet Gas joint venture with Santos...

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Concurrent with Khouzestan Oil Industry Exhibition two contracts regarding procuring oil industry’s equipment and spare parts was signed...

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Chevron Corporation (NYSE: CVX) today announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a non-binding liquefied...