The rig will be used by MOL to perform drilling of three development wells in the offshore Yumna Field in Block 50, Oman.

Gold soared to a fresh record near $5,600 on Thursday and oil prices climbed after US President Donald Trump ramped up ...

Citi analysts warn geopolitical escalation could push prices to as high as $72 a barrel for Brent over the next three months.

The brother and sister say that California has violated their Fifth Amendment rights, as it's taken their property without ...

The Trump administration is aggressively moving to expand oil and gas production on public lands across the U.S., an effort ...

Kazakhstan's biggest oilfield, Tengiz, is likely to have restored less than half of its normal production by February 7 as it ...

Donald Trump assembles energy leaders to discuss Venezuela strategy after Nicolas Maduro's removal, targeting world's largest ...

China is set to ramp up imports of Russian oil in January, absorbing barrels that would have previously gone to India and ...

Orphaned oil and gas wells are multiplying in Texas, reaching a 20-year high in December, according to the Texas Railroad ...

Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the ...

The American Petroleum Institute predicts that worldwide energy demand will increase 50% over the next decade.

Oil prices rose on Tuesday on the temporary suspension of output at Kazakhstan's oil fields and expectations of firmer global ...