THE HAGUE -- Shell Offshore, Inc. announces today that its affiliate, Shell E and P Offshore Services B.V., will exercise a contractual right to purchase theTurritellafloating, production, storage and offloading (FPSO) vessel from SBM Offsho...

NEW YORK, July 6 (Xinhua) -- Oil prices settled higher on Thursday on falling U.S. crude inventories. U.S. crude oil inventories fell by an unexpectedly sharp 6.3 million barrels in the June 30 week to 502.9 million, 1.9 percent above the y...

DUBAI, July 8 (Xinhua) -- China remains the biggest non-oil trade partner of Dubai of the United Arab Emirates (UAE) in the first quarter of 2017, with a share of 13.45 percent of the sheikhdoms trade volume, the Dubai governments media offi...

TOKYO, July 6 (Xinhua) -- Tokyo stocks opened marginally lower on Thursday as investors were in a circumspect mood after a slump in U.S. shares overnight following a drop in prices for crude oil. As of 9:15 a.m. local time, the 225-issue Nik...

KUALA LUMPUR, June 30 (Xinhua) -- While Malaysia, the worlds second largest producer of crude palm oil (CPO), is seeking to export more palm oil to China following Prime Minister Najib Razaks visits to China, it may be a tall order this year...

NEW DELHI -- ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, acquiring 30% participating interest in Namibia Petroleum Exploration License 0037 for Bloc...

WASHINGTON (Reuters) - President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In...

HOUSTON -- BP has reported that it continues to make progress in shifting its exploration portfolio toward natural gas and advantaged oil. As first described to the financial community in 2016, BP is actively reviewing its exploration activi...

NEW YORK, June 28 (Xinhua) -- Oil prices ended higher on Wednesday as government data showed U.S. gasoline inventories declined last week. The Energy Information Administration (EIA) said on Wednesday in its weekly report that U.S. gasoline...

MOSCOW, June 27 (Xinhua) -- Russias oil giants Rosneft said Tuesday that its websites were shut down following a large-scale cyberattack on its servers, but the production has not been affected due to a timely switch to a backup system....