Cyprus and a Chevron-led consortium have agreed on an updated development plan over an offshore gas field off Cyprus, a joint statement by the two sides said on Friday.

China has launched a new ultradeep drilling campaign, aiming to unlock oil and gas resources from depths exceeding 8,000 ...

The real-time price of Brent crude oil is at $74.92 per barrel, and the price of WTI crude oil is at $71.26 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...