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

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 ...

China has been diversifying its sources for oil imports well before the current Middle East tensions.

When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

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

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.

China's CNOOC Ltd announced on Wednesday it has signed an Exploration, Development & Production Contract (EDPC) with Iraq's state-run Midland Oil Company to explore for oil and gas at the Block 7 ...

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 ...

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

A unit of Malaysian oil and gas giant Petroliam Nasional Bhd. sued South Sudan for allegedly blocking a sale of its assets for $1.25 billion and instead taking over that business.

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.

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.