The oil industry is currently undergoing a massive consolidation wave. Sector leader ExxonMobil kicked things off by ...

Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production ...

The Nigerian National Petroleum Company Limited and FIRST Exploration & Petroleum Development Company Limited Joint Venture ...

Nigeria's national oil and gas company is seeking offtakers as it works to double production capacity for the new Utapate crude oil to 80,000 bpd by the end of 2025.

Oil benchmark Brent has held its price floor above $70 for much of November having threatened to breach it at one point. It ...

A group of investors led by Elliott Investment Management faces new obstacles to taking control of Venezuela’s oil refiner ...

Malaysian independent Hibiscus Petroleum has achieved first oil from its SF30 waterflood phase two project at its South Furious 30 (SF30) field on the North Sabah production sharing contract offshore ...

U.S. crude oil inventories rose 2.1 million barrels to 429.7 million barrels, surpassing analyst expectations for an increase ...

CSX crews had already deployed a containment boom shortly after the derailment Saturday night and later spotted a light sheen ...

The Dangote Refinery has resumed importing crude oil from the United States despite a standing crude supply arrangement with ...

Oil and gas firm Occidental Petroleum beat Wall Street estimates for third-quarter profit on Tuesday, as higher production ...