No fewer than 40 oil licences will expire in June 2025, and the companies holding these assets may lose them unless the Minister of Petroleum renews their licences in accordance with the Petroleum ...

The state-run Korea National Oil Corp. (KNOC) said Wednesday it has secured fresh exploration rights in Vietnam's ...

President Prabowo Subianto on Thursday announced that oil production at the Banyu Urip Oil Field in Cepu Block, East Java, ...

State-owned Petrovietnam and its joint venture partners on Friday signed a new production sharing contract (PSC) for Block 15 ...

Authorities say an explosion at a storage and disposal plant in the oil fields of eastern Montana Wednesday night was felt by people 10 miles (16 kilometers) away but caused no injuries or fatalities.

A constant Brent price of $65/bbl was used for economic calculations to determine the cut-off limit for production in this ...

Shell begins commercial production at its Whale oil field in the Gulf of Mexico, ... Exploration at the offshore PEL39 block cost some $400 million, the Reuters report said.

XOM and CVX battle in arbitration over Hess' stake in Guyana's oil-rich Stabroek Block, with 11B barrels and industry influence on the line.

The oil and natural gas fields, called Rosebank and Jackdaw, are seen as tests for the flagging British oil industry because of their size and because Shell and Equinor are two of Europe’s ...

The Court of Session in Edinburgh has agreed to hear arguments brought by climate campaigners seeking to block the Rosebank oil and gas development in the North Sea on climate grounds.

Prospects for Oil Block Development Increased Investment in Natural Gas: With global demand for cleaner energy sources rising, Nigeria’s significant natural gas reserves offer a valuable ...

Gas is flared off from a flame boom aboard DCOR LLC's Edith offshore oil and gas platform in the Beta Field off the coast of Long Beach, California, U.S., on Tuesday, May 18, 2010.