JAKARTA (Bloomberg) --Red tape, rising costs and declining crude prices are throttling exploration in Indonesia, the former OPEC member that now produces less oil than it uses. Only 20% of the 287 onshore rigs operated bycontractors for loca...

COLLEGE STATION -- TDI-Brooks International, Inc. has been selected to perform three site surveys and an Environmental Baseline project in the Caribbean. Two well sites are at a depth of approximately 140 m and a third well site lies in 650...

RIO DE JANEIRO (Bloomberg) --Exxon Mobil Corp. and Petrobras have held talks on a strategic partnership that could involve multiple assets in Brazil and overseas in different segments of the industry, similar to the $2.2-billion deal signed...

HOUSTON (Bloomberg) --Venezuela would be hit from two directions if the U.S. were ever to impose oil-related sanctions against the South American nation where at least 30 have died in anti-government protests in the past month. American driv...

TEHRAN (Bloomberg) --Iran is buying equipment to avert a possible disruption in output at its share of the worlds biggest natural gas field, in the event the U.S. decides to impose additional sanctions on its economy, thehead of state-run op...

MOSCOW, May 4 (Xinhua) -- Russia has not yet decided to extend the Vienna agreement on oil output reduction into the second half of 2017, the Kremlin said Thursday. No decisions have been made yet. If the position is formulated, we will inf...

NEW YORK, May 3 (Reuters) - Magellan Midstream Partners LP (MMP.N) is evaluating a new pipeline to transport crude and condensate from the Permian Basin to Corpus Christi in Texas, its top executive said during a company earnings call on Wed...

PARIS/DAKAR, May 2 (Reuters) - Total (TOTF.PA) has signed an agreement to explore for oil and gas off Senegals Atlantic coast, boosting the prospect of major oil developments in the West African country. Under the deal Total will explore in...

(Recasts first paragraph, adds background on case, details from decision, paragraphs 2-13) By Lawrence Hurley WASHINGTON, May 1 (Reuters) - The U.S. Supreme Court on Monday tossed out a lower courts ruling that had allowed an American oil dr...

* Totals Q1 net profit jumps 56 percent year-on-year * Oil production rose 4 percent in the quarter * Total sanctions Argentina Vaca Muerta shale project * Maintains 2017 guidance stated in February * Dividend 0.62 euros per share By Bate Fe...