Rotterdam, Europe's largest port, said on Thursday that plans to build an oil storage terminal for 1 billion euros ($1.

International oil companies will rush back to Iran after the removal of sanctions, helping the OPEC member double production by the end of the decade, according to former Eni SpA Chief Executive Officer Paolo Scaroni.

Elliott Advisors U.

Alberta’s new government is engaged in a balancing act.

Nexen, the Canadian unit of China’s Cnooc Ltd.

The U.

Schlumberger’s second-quarter earnings fell 30% year-on-year as the downturn in the market continues to take its toll.

Eight months into OPEC’s plan to hit rival oil producers, the casualties are mounting.

Two Bureau of Safety and Environmental Enforcement (BSEE) inspector carried out conducted inspections of Shell’s drillship Noble Discoverer and the semi-submersible drilling rig Transocean Polar Pioneer in Dutch Harbor, Alaska July 7-12.

Australian authorities remain on alert for a potential oil spill in waters around the Great Barrier Reef despite finding little sign of a reported kilometre-long slick off the north Queensland coast.