At 445.0 million bbl, US crude oil inventories are about 2% below the 5-year average for this time of year, according to EIA.

The state-owned company is gradually resuming the unit operations to increase local gasoline and LPG production, aiming for ...

MidOcean Energy attracted a $120 million investment from TAEF, with plans to expand its LNG operations and raise additional capital.

The two projects add profitable production in licenses with proven reserves and multiple growth opportunities, said Carl Arnet, chief executive officer.

The Falkland Islands-area development is progressing with onshore infrastructure and offshore drilling preparations, while ...

Aker BP ASA has been granted a permit by the Norwegian Offshore Directorate to drill in the North Sea. Exploration well 15/6-17 will be drilled in production license by the Scarbeo 8 semisubmersible ...