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Beach advises that gas and condensate discoveries have been made at its first two exploration wells, GPZZ-4 and Al Ahmadi-1, in the Abu Sennan concession in the Weste...

Iraq's oil ministry and South Korea's KOGAS on Thursday signed a long-delayed deal to develop the Akkas gas field near the Syrian border, the latest step by the war-r...

Russian Prime Minister Vladimir Putin has told his Japanese counterpart Yoshihiko Noda that Moscow hopes to advance energy cooperation with Tokyo in areas including L...

BP Plc has accepted a $4 billion payment from partner Anadarko Petroleum towards the Gulf of Mexico oil spill clean-up, far less than it might have won in court, but...

The National Iranian Offshore Oil Company has announced plans to begin the development of six new offshore natural gas fields in the Persian Gulf, whose reserves are es...