With sanction being waived off, Iran's underdeveloped oil and gas sector is now open to global investors.

The Ministry of Energy & Industry of Albania, recently announced that the oil and gas exploration bidding round deadline is 15th October for onshore blocks Panaja, C and 5 (map is available here), and is already in negotiations with the oil companies that submitted offers for onshore Blocks 4? and Dumrea.

Tokyo - Crude prices dove in Asia on Monday, with US oil hovering below the key $40 a barrel mark amid deepening concerns about weak Chinese economic growth and global oversupply, analysts said.

It appears there’s some truth to that hunch you had the last time you were filling up, according to petroleum industry experts.

Nigeria’s Accident Investigation Bureau (AIB) announced that the flight recorders, known as black boxes, to the Sikorsky 76 helicopter that crashed into the lagoon in Oworonshoki area of Lagos, Nigeria on Wednesday, August 12, 2015 had been recovered.

Brazil’s National Petroleum Agency (ANP), the industry regulator in the country, has named the first 12 companies approved to take part in October’s auction of oil and gas exploration sites, according to Reuters.

The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) held its oil and gas lease sale for the Western Gulf of Mexico that drew $22,675,212 in high bids for tracts on the U.

Scotland's geographical share of oil revenues from the North Sea fell by over 75% in the first three months of 2015, according to Scottish Government figures.

A fire broke out aboard the Skandi Stolmen offshore support vessel in BrazilAccording to DOF, a Norwegian company which owns the vessel through Norskan offshore, the fire was “effectively” extinguished.

Yesterday’s 2.