Oil

Oil companies have been forced to cut their exploration budgets in the last two years because of the sharp decline in crude [...]

A US$1-billion deal to build five offshore drilling rigs for oil and gas exploration in the Persian Gulf has been signed [...]

New mathematical models and software that will enable Russian shale oil producers to save on costs have been developed by [...]

The Offshore South East Asia Conference and Exhibition (OSEA2016), one of the leading oil & gas industry events in Asia, [...]

Scientists have discovered that certain varieties of aquatic floating weeds, which are often regarded as a nuisance, could [...]

Global production of crude oil is falling behind demand, according to the International Energy Agency (IEA), a Paris agency [...]

Singapore’s refinery margins, the Asian benchmark, crashed to US$2.94 per barrel this week. It dropped more than 70% since [...]

India is stepping up efforts to cut its reliance on energy imports and is targeting a more than seven-fold expansion of its [...]

Essar Oil Ltd., Iran’s biggest oil buyer in India, is getting ready to lower import purchases from the Persian Gulf nation [...]

Iran is currently working on a plan that guarantees long-term crude oil purchases by its European clients in a [...]