25/05/2013
The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat
25/05/2013
Venezuela and Russia formed a joint venture to produce 120,000 barrels of oil a day by 2016 in two fields in the Orinoco Heavy Oil Belt. Russia will loan Venezuela
25/05/2013
InterOil Corporation and its joint venture partner, Pacific LNG Group, have entered into exclusive negotiations
25/05/2013
Petróleo Brasileiro S.A - Petrobras announces that its wholly owned subsidiary Petrobras Tanzania Ltd. has signed
25/05/2013
Statoil ASA (STL), Norway’s biggest energy company, said its plans for the Johan Castberg oilfield in the Barents
25/05/2013
Statoil has acquired a 12% working interest in the Block 6 licence offshore Tanzania from operator Petrobras
25/05/2013
The three oil producers under investigation by the European Commission for manipulating oil prices are being
25/05/2013
China National Offshore Oil Corp — the country's largest offshore oil producer — said on Thursday it has
25/05/2013
Bolivia's government plans to double spending on oil and natural gas exploration to $500 million next year and
24/05/2013
Saudi Arabia has cut crude oil production this year and will have to cut it further if it wants to prevent a significant drop in the global oil
24/05/2013
Sources from the oil sector in the region said on Wednesday that Iraqi Kurdistan's sales of crude oil to world markets - which Baghdad considers illegal - is expected to rise by about
24/05/2013
The price of oil was knocked lower Friday by a combination of ample supplies and lukewarm demand.
Benchmark oil for July delivery was down 40 cents to $93.85 per barrel at late
24/05/2013
Residual-fuel inventories in Singapore, Asia’s largest oil-trading and storage center, fell for the first time in four weeks, according to a unit
24/05/2013
Iraq has earned some $7.764 billion from oil sales in April, compared with $7.772 billion earned the previous month, the
24/05/2013
International Oil Companies (IOCs) have projected an investment initiative plan valued at $165 billion in the next five years. The investment will go into
24/05/2013
Strikes have kept a lid on Libya's rising oil production in recent months but it should still surpass pre-war levels to hit 1.7 million barrels per day
24/05/2013
Energy price-reporting organizations including Platts said they ordered independent reviews of their methods after calls by regulators last
24/05/2013
Well services activity in the UK North Sea grew by 9% last year to hit a record high, and well services providers are optimistic over further gains
24/05/2013
The Petrol Retailers' Association, the body that represents U.K. filling stations, said it has offered its analysis of fuel pricing to the European
24/05/2013
China's apparent oil demand* in April rose by 2.1% to an average 9.66 million barrels per day (b/d) or 39.54 million mt, a just-released