Russia surprised the world yesterday, by announcing that it has territorial rights to a significant chunk of Arctic seabed, and is seeking UN approval
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.
Frontera Resources Corporation, an independent oil and gas exploration and production company, provides an update of its operations at the Taribani Field Unit within
Bayou Bend Petroleum Ltd. begins production at its Eagles Nest field in Eugene Island Block 6. Bayou Bend and partner Contango has drilled this
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