CNOOC, the Chinese state oil giant has been granted permission to explore for oil in part of Somalia, one of Africa’s most volatile regions.
Crude oil prices were up Tuesday as the US dollar weakened against the euro after gains early in the session, and on the possibility
After gains early in the session, crude oil prices ended lower Thursday after the International Energy Agency said it would dip into its emergency
Crude oil prices fell again Friday on data showing that unemployment in the United States rose to 6.1 percent in August, a higher level
Frontera Resources Corporation, an independent oil and gas exploration and production company, provides an update of its operations at the Taribani Field Unit within
Brazilian oil producer, Petrobras and partners have produced first oil from Agbami Field in Nigeria on July 29 2008. Petrobras holds a 13% share
The UK Offshore Operators’ Association has released a report saying that oil and gas production from North Sea wells will be around 10 percent