Iran's Oil Minister Bijan Zanganeh blamed the latest drop in oil prices on some members of OPEC and questioned whether any OPEC emergency meeting would reach an agreement, the oil ministry's news agency Shana reported.

Cnooc Ltd.

WorleyParsons, an Australian provider of technical, project and operational support services, today announced a net loss of $54.

GeoPark Limited discovered a new oil field following the drilling of exploration well Chachalaca 1, located on the Llanos 34 Block in Colombia.

Shell moved to deepen its relationship with Alaska natives who live near its Arctic oil wells, signing a deal that gives them royalties from some of the projects and an option to buy into them later.

Tap Oil has formalized its entry into Myanmar following the signing of the production sharing contract (PSC) for the shallow water Block M-7 in the Moattama basin.

Total has signed a deal with North Sea Midstream Partners (NSMP) to sell of all its interests in the St Fergus gas terminal near Peterhead in Aberdeenshire.

Brent crude recovers from long-term lows, but analysts warn outlook remains weakFrench oil major Total has announced it is stepping up the sale of its North Sea assets as the slump in oil prices continues to bite, which some suggest could spark a "wave" of asset sales as big producers seek to raise cash to protect profits and investor payouts.

West Venture, a semi-submersible drilling rig, has ended its adventure with Norway’s largest oil company Statoil, after fifteen years in service.

Amec Foster Wheeler announces today the award of a three year Integrated Services Contract (ISC) by Maersk Oil, an international oil and gas company and a fully-owned subsidiary of the global conglomerate, the Maersk Group.