ConocoPhillips may be seeking buyers for its stake in an offshore Indonesian gas and oil block as part of a portfolio review.

Barakah Offshore Petroleum’s subsidiary, PBJV Group Sdn Bhd (PBJV), has received a Letter of Award from Malaysian oil company Petronas, for the supply, refurbishment and maintenance of cleaning pig and associated services in Sabah and Sarawak, Malaysia.

First oil and gas from the H5 Wellhead Platform (“H5-WHP”) of the Te Giac Trang (“TGT”) field in Vietnam started flowing on Monday following perforation of the first of the H5 development wells, Soco International has informed.

Iran says it has seen no sign yet from US energy corporations to indicate they are interested in the country’s oil projects.

The Obama administration will allow limited sales of U.

A drop in Canadian oil prices this week means companies in Alberta's oilsands are breaking even or losing money on their operations.

A charity which looks after a memorial to 167 men killed in the Piper Alpha disaster has been given £185,000.

The Government will give its communities minister the power to directly approve shale gas permits, removing decision-making from local politicians who have in the past months blocked the progress of Britain’s first such wells.

Hercules Offshore, Inc.

Havyard Group ASA, a ship technology company that delivers products and services within the complete value chain from vessel design to support of vessels in operation, is cutting its workforce by around 100 employees due to market downturn in the oil industry.