Nigeria’s anti-graft agency filed new charges against Royal Dutch Shell Plc and Eni SpA, alleging the companies “corruptly” paid $801 million in 2011 when acquiring an offshore oil field.
Energy
Libya’s biggest oil port was seized by an armed group, dealing a blow to the North African country as it seeks to revive production of its most important commodity. Brent crude futures climbed.
World's top crude exporter Saudi Arabia cut April prices of light crude it sells to Asia for the first time in three months in a bid to shore up demand in an oversupplied market, trade sources…
Planning is in the final phase to rehabilitate refining infrastructure whose design and construction are more than half a century old, a senior oil official said Saturday.
Oil production from the offshore South Pars crude oil layer will begin next month with the help of Iran's first floating production, storage and offloading vessel, the FPSO Cyrus, managing…
The National Iranian Oil Company is in negotiations with international companies to offer an estimated $85 billion worth of oil and gas development projects, the deputy oil minister for…
TransCanada Corp.’s Keystone XL pipeline does not face any major remaining hurdles to US approval, Canada’s ambassador to Washington said. Discussions on TransCanada’s crude-oil route are going “…
Oil prices ticked higher on Friday, recouping some of the previous session's losses, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed…
Russia's oil output stayed unchanged in February from the previous month, with cuts at just a third of the levels pledged by Moscow under a global deal to reduce production, Energy Ministry data…
Europe’s appetite for natural gas is leading to a growth “renaissance” as its stores of the fuel languish at the lowest levels since 2013, according to Gazprom PJSC.
Iran is making rapid forays into the European crude oil market and selling its parcels to countries such as France, Italy, Greece and Spain, UK-based global shipping consultancy, VesselsValue said…
Iran is looking to raise production capacity from joint fields with Iraq by more than 10% in the first quarter of the next fiscal year that begins in March, a senior oil official said.
The National Iranian Oil Company is studying proposals from foreign oil companies to develop the country's rich hydrocarbon reservoirs, said the deputy for development and engineering at the NIOC…
A preliminary deal has been signed with German engineering giant Siemens to manufacture equipment for the electricity industry, Arsalan Fathipour, member of Iran Electricity Industry…
Iraqi oil shipments of about 105,000 barrels a day were halted briefly on Thursday after Kurdish troops seized control of a pumping station in disputed Kirkuk Province and demanded that crude…
Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas' major refining and petrochemical project, pumping in $7 billion in its biggest downstream investment outside the kingdom…
Norway's oil industry can invest in Iran's upstream development projects and also collaborate with domestic companies to enhance the extraction rate at oilfields using enhanced oil recovery (EOR)…
President Hassan Rouhani on Tuesday inaugurated a gas pipeline project in the city of Zahedan in southeast Sistan-Baluchestan Province.
The 36-inch diameter pipeline stretches 262 km from…
Global oil prices dipped on Tuesday but continued to trade in a tight range with the OPEC-led output cuts offset by increasing crude production from the United States.
A limited number of leading international companies will be invited for bidding in a tender to develop Azadegan Oilfield in southwest Khuzestan Province by the end of the current fiscal year…
OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the group's secretary-general, Mohammed Barkindo, said on…
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said.
This is the level the OPEC heavyweight and its…
Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.
Russia may cut oil production as part of an OPEC-led agreement designed to boost prices faster than it had previously expected, if its domestic companies are able, Energy Minister Alexander Novak…
For more than two decades, the oil market hung to Ali al-Naimi’s every word -- whether he was taking a characteristic stroll at dawn in Vienna, hurrying through a hotel lobby after a conference,…
