CALGARY (Reuters) -- Malaysian state-owned energy company Petronas will not proceed with a proposed C$36-billion ($28.8 billion) liquefied natural gas (LNG) project in western Canada because of weak global prices, the company said on Tuesday...

MEXICO CITY (Reuters) -- Mexicos national oil company Pemex said on Monday that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018. Petroleos Mexicanos, as the company is formally...

NEW YORK, July 20 (Xinhua) -- Oil prices settled lower on Thursday as investors awaited a meeting of worlds major oil producers in Russia next week. The West Texas Intermediate for August delivery lost 0.33 U.S. dollar to settle at 46.79 do...

DAMASCUS, July 19 (Xinhua) -- The Syrian army has captured 15 oil and gas fields in Syrias northern province of Raqqa, the main stronghold of the Islamic State (IS) group, state news agency SANA reported on Wednesday. Following intense mili...

NEW YORK, July 18 (Xinhua) -- Oil prices rebounded on Tuesday as reports said Saudi Arabia is considering further limiting crude oil export. The West Texas Intermediate for August delivery added 0.38 U.S. dollar to settle at 46.40 dollars a...

CAIRO, July 13 (Xinhua) -- Egyptian Petroleum Minister Tarek el-Mulla said Thursday that new areas in the Red Sea will be open for bidding for exploration as part of Egypts effort to expand oil, gas production. Mulla did not disclose the exa...

NEW YORK (Bloomberg) --Oil skeptics are letting a little sunshine in. After the worst June for oil in six years, hedge-fund bets on declining West Texas Intermediate retreated. That made room for futures to rebound more than 5% last week on...

NEW YORK, July 14 (Xinhua) -- Oil prices continued to increase on Friday as report showed global oil demand has picked up. The West Texas Intermediate for August Delivery added 0.46 dollar to settle at 46.54 dollars a barrel on the New York...

ANCHORAGE --After a comprehensive review and consideration of comments received from the public, stakeholders, and Federal and state partner agencies and tribes, the Bureau of Ocean Energy Management today conditionally approved a Beaufort S...

WASHINGTON -- API today announced that estimated total wells drilled and completed in the second quarter of 2017 increased 62% compared to the second quarter of 2016. This includes a 41% increase in estimated development gas well completions...