Oil

For the first time in 12 years, crude oil prices fall below US$30 per barrel. New York’s benchmark West Texas Intermediate [...]

Faroe Petroleum started exploring the Kvalross well in Norway. Licence PL611, which contains the Kvalross prospect, is [...]

Eni has started production from the Mpungi field in the West Hub Development Project, within Block 15/06 of the Angolan Deep [...]

For the first time, the Research Institute of Petroleum Industry will be exporting the engineering and design services of [...]

IndianOil Refineries achieved the highest crude throughput of 55.2 MMT, and one of the highest ever Distillate levels of [...]

Premier Oil plc confirmed the Isobel Deep well re-drill confirmed the oil discoveries in the original Isobel Deep well. In [...]

On December 15, China National Oil Corporation (CNOOC) and Shell signed an agreement to expand capacity at the 50-50 joint [...]

It has been reported that Saudi Arabia is considering selling shares in its state-owned company, Saudi Arabian Oil Co. or [...]

Seismos Inc., a provider of subsurface fluid-flow imaging technology for the Oil and Gas industry, announced K-View CO2, a [...]

Oil prices hit an 11-year low as the Brent crude oil price dipped 4.2% to US$34.88 per barrel. The current price is the [...]