When it comes to whether Saudi Arabia will invest billions of dollars to increase its ability to pump more oil, boosting the world's only large stand-by reserve, minister Ali al-Naimi has a quick answer: show me the return.

Malaysian Dayang Enterprise Holdings Bhd has been awarded a contract by PETRONAS Carigali Sdn Bhd to provide Facilities Improvement Project (FIP).

Lower prices will feed a pick-up in global natural gas demand over the next five years following a marked slowdown in 2013 and 2014, the International Energy Agency (IEA) said Thursday in its 2015 Medium-Term Gas Market Report, which provides ananalysis of global demand, supply and trade developments through 2020.

Serica Energy plc, an international exploration and production company based in the UK, announced that the transaction to purchase an 18% interest in the producing North Sea Erskine Field from BP has been completed on June 4, 2015.

Around 4 million cubic feet of natural gas was released into the Arkansas River due to a rupture of a pipeline near the city of Little Rock in flood-hit state of Arkansas, the pipeline’s operator reported.

California state senate has passed a bill that would ban new offshore oil drilling in a nearby Marine Protected Area in the Santa Barbara Channel known as Tranquillon Ridge.

Petrofac, a provider of oilfield services to the international oil and gas industry, has announced the amendment and extension of its syndicated five-year revolving credit facility, effective today, June 4, 2015.

Statoil has received notification of order from the Petroleum Safety Authority (PSA) Norway following audits at Oseberg B and Gullfaks C, both located in the Norwegian North Sea.

Paragon Offshore plc, a provider of offshore drilling rigs to the oil and gas industry, announced that its subsidiaries, which were part of the company’s acquisition of Prospector Offshore Drilling S.

Norway’s Statoil has launched today its Energy Perspectives 2015 report that outlines a possible way to meet the 2-degree target.