LONDON -- Block Energy, an exploration and production company focused on the Republic of Georgia, has announced that it has agreed to acquire the outstanding 31% working interest in, and to become operator of the countrys Norio field via a c...

ZUG, Switzerland -- Transocean announced today its intent to retire the ultra-deepwater floaters GSF Jack Ryan , Sedco Energy , Sedco Express , Cajun Express , and Deepwater Pathfinder , and the deepwater floater Transocean Marianas . The r...

WASHINGTON, D.C. -- Independent Petroleum Association of America (IPAA) President and CEO Barry Russell issued a statement in response to a U.S. appeals courts dismissal of a hydraulic fracturing rule case. The U.S. Court of Appeals for the...

NEW YORK, Sept. 18 (Xinhua) -- Oil prices settled mixed on Monday as oil demand is seen decreasing with refiners set to begin seasonal maintenance. The West Texas Intermediate for October delivery increased 0.02 U.S. dollar to settle at 49.9...

CAMARILLO, California -- BNK Petroleum Inc. has announced that fracture stimulation completion operations on the previously drilled Brock 9-2H well have commenced. The fracture stimulation is anticipated to take approximately two weeks, aft...

NEW YORK (Bloomberg) --Oil hit a wall again, failing to sustain a rally above $50/bbl for a third straight session. Thats partly because demand typically drops this time of year as many crude-processing plants shut down in the fall for maint...

NEW YORK, Sept. 13 (Xinhua) -- Oil prices climbed on Wednesday, as the International Energy Agency (IEA) reported a surplus of crude supply was starting to decline. The West Texas Intermediate for October delivery was up 1.07 U.S. dollars to...

NEW YORK (Bloomberg) --Oil topped $50/bbl for the first time in more than a month amid heightened optimism that a demand resurgence is in the offing. Futures rose as much as 1.7% in New York, extending the longest upswing since July. Two of...

VANCOUVER -- Africa Energy Corp. has announced the acquisition of one-third of the shares in a subsidiary of Pancontinental Oil Gas N.L. that holds a 30% participating interest in Petroleum Exploration Licence 37 (PEL 37) offshore the Republ...

OSLO (Bloomberg) --Prime Minister Erna Solberg became Norways first Conservative Party leader in over three decadesto be re-elected as a movement to stop further oil exploration in western Europes biggest petroleum producer fizzled. We won s...