The U.

Maersk Drilling and IFS have agreed to extend the companies’ collaboration—both in the ongoing enterprise resource planning (ERP) roll-out program and as partners developing new advanced maintenance planning functionality.

Iranian security experts have thwarted an industrial espionage attempt on Islamic Republic's oil ministry, cyber police chief announced, claiming the attack originated in the US.

Asia's fuel oil market is set to see a record volume of physical trades in June based on open interest in derivatives for the oil product, with backers of opposing bets expected to drive up activity in what is usually a high-demand period.

Hess Corporation has chosen the Florida-based Harris CapRock Communications, to provide integrated telecommunications solution for the Stampede offshore field development project, in the Green Canyon area of the U.

North Dakota's oil industry will miss out on a roughly $480 million tax cut over the next six months due to the recent rise in crude prices.

W&T Offshore, Inc.

Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of U.

Italian oil company Eni is not experiencing any major production problems in Nigeria, the CEO said on Thursday.

A venture set up last month by Tokyo Electric Power (Tepco) and Chubu Electric Power to handle their fuel business aims to become the cheapest liquefied natural gas (LNG) buyer in East Asia, its president said in an interview.