Cyprus and a Chevron-led consortium have agreed on an updated development plan over an offshore gas field off Cyprus, a joint statement by the two sides said on Friday.

China has launched a new ultradeep drilling campaign, aiming to unlock oil and gas resources from depths exceeding 8,000 ...

BP is set to expand its operations in the Shah Deniz gas field offshore Azerbaijan with the addition of six new wells, ...

The three wells Hilcorp is currently applying to drill are Sterling Unit 32-16, Sterling Unit 43-10RD and Sterling Unit 43-10. The commission has tentatively scheduled a public hearing on the spacing ...

The real-time price of Brent crude oil is at $74.92 per barrel, and the price of WTI crude oil is at $71.26 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...