Pirates have released an Indonesian-bound Thai tanker after stealing its oil cargo, in the latest attack in Southeast Asian waters, the International Maritime Bureau said.
Venezuela announced Friday it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic goods in the oil-rich country.
Norwegian coastguards on Friday removed a Greenpeace ship from a controversial Arctic drilling site where it was trying to prevent oil explorations, the environmentalist group said.
The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable".
A 998-tonne oil tanker was listing off the Japanese coast Thursday after a large explosion and subsequent fire that sent towering columns of acrid smoke into the sky.
At least 50 000 jobs will be created to accommodate Kazakhstan’s workforce: Yerlan Muratov, Vice Chairman of the Board at Kazakhstan Engineering National Company.
Several hundred Filipino and Vietnamese protesters united in a march in the Philippine capital on Friday, demanding that China stop oil drilling in disputed South China Sea waters.
KazMunaiGas Exploration Production JCS has announced a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field.
An internal investigation of Petrobras' controversial $1.1 billion purchase of a Texas refinery is nearing completion, the Brazilian state oil giant's chief said.
Losses from the forthcoming two-year suspension of the Kashagan oilfield development project in Kazakhstan are estimated at two billion dollars in the least.
Given the risks of further postponement of commercial production at the giant Kashagan oilfield, talks will be held with other oil companies to boost crude production figures, Tengrinews.kz reported earlier.