LONDON -- The Oil Gas Authority (OGA) announced today that 27 onshore blocks from the 14th Onshore Oil and Gas Licensing Round will be formally offered to companies. A second group of 132 further blocks has been subjected to detailed assess...

JEREMY VAN LOON CALGARY (Bloomberg) -- Albertas energy regulator restricted applications by oil and natural gas operators to withdraw water from the Athabasca River amid dry conditions in the province. Restrictions for temporary diversion l...

Crude prices slid on Thursday as early optimism gave way under the weight of a climbing U.S. dollar and a persistent global overhang of physical oil. The greenback rose on Thursday afternoon after the release of strong U.S. economic data, m...

It bought two cargoes of Basrah Light crude oil from Iraq over the last two months to half fill the Visakhapatnam underground cavern that can hold as much as 9.75 million barrels of oil, Indian Strategic Petroleum Reserves chief executive o...

Shaanxi Yanchang Petroleum Group Co Ltd plans to build 100 gas stations in Shaanxi province this year. The fourth largest oil company in China will expand its sales network in the province in order to increase revenue. Yanchang, which is ba...

Independent buyers and state-owned majors in China are out of the spot LNG market for September and October, as they are adequately supplied by domestic pipeline gas and term volumes. The lower-priced pipeline gas have deterred any buying i...

The worlds fastest charging electric bus is now operating in the eastern Chinese port city of Ningbo. According to local transportation authorities, the public bus which was manufactured in Ningbo and runs along a 24-stop, 11 kilometre rout...

Work on the worlds first roll-on/roll-off ship powered by two kinds of fuels began Wednesday, according to the Chinas largest shipping company. The ship, which can carry 3,800 cars, is the first ro-ro powered by liquefied natural gas (LNG)...

Oil prices are unlikely to recover soon as Saudi Arabias drive to boost its refining activities is expected to force refineries elsewhere to slow down their operations, thus creating an even bigger glut of unwanted crude oil. Two big new re...

Dated Brent has been assessed below the psychologically-important $50/barrel mark for the first time since January, Platts data showed Monday. Mondays assessment of $49.145/b, was the lowest since January 30, when it was assessed at $47.855...