Negotiations with Exxon for Basra mega-project still on, says Iraqi oil ministry   Iraq is not ruling out US oil…

Iraq says Eni, BP deal doesn’t mean Exxon excluded from southern mega-project   Iraq’s oil ministry said on Saturday that…

Rosneft to seek compensation from Transneft for drop in oil output   Russia’s biggest oil producer Rosneft said for the…

BHP to invest $283m in Ruby project development   Australian firm BHP has approved a $283m investment in developing the…

Oil market is going from gloomy to gloomier   Recent developments in the oil market have sent cold shivers through…

Occidental Completes Acquisition of Anadarko   Occidental Petroleum Corporation (“Occidental” or “the Company”) today announced the successful completion of its…

Pemex commits $10 billion to onshore and offshore field development   Pemex received approval from Mexico’s National Hydrocarbon Commission (CNH)…

Norway’s Trillion Dollar Fund Isn’t Ditching Oil After All   Norway’s US$1-trillion fund – the world’s biggest sovereign wealth fund…

Oil picks up from 7 month low   Oil is rebounding in early trade on Thursday, up over 2%, as…

NNPC highlights benefits of Nigeria-Morocco gas pipeline   The Nigeria-Morocco Gas Pipeline (NMGP) project will open new vistas for Nigeria’s…