Nigeria's new President Muhammadu Buhari dissolved the board of the state-owned oil company on Friday as a first step in cleaning up the sector in Africa's biggest crude producer.
Oil pricing agency Platts is changing how it assesses oil product values in Asian trade from July 1 in a move traders expect to boost volumes and encourage the use of regional oil storage facilities built at a cost of billions of dollars.
Argentina has ordered the seizure of assets belonging to foreign drilling companies operating in the vicinity of Falklands / Malvinas Islands, saying they have failed to obtain the necessary permissions from Buenos Aires to conduct exploration.
Non-executive board members part company with the Kurdistan-focused oil explorerTroubled oil explorer Afren has cleared out its board in an effort to draw a line on a series of scandals.
When night falls over western Venezuela, armed gangs known as "pirates" sometimes ride boats into muggy Lake Maracaibo to steal equipment from oil wells.
Ampelmann, a company focusing on development, construction and lease of offshore access solutions, has been awarded a contract by an oil & gas major operating in the Southern North Sea to provide access solution for its offshore assets.
Russia's top natural gas producer, Gazprom, may take part in liquefied natural gas projects in Iran once sanctions against Tehran are lifted, Gazprom's deputy Chief Executive Officer Alexander Medvedev said on Friday.
China has moved an oil rig at the centre of last year’s violent dispute with Vietnam closer to Vietnam’s coast in the disputed South China Sea, just weeks ahead of the first visit by a chief of Vietnam’s Communist Party to Washington.
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