Uganda is due to sign oil production licenses with Frances Total and Britains Tullow Oil by the end of the year as it seeks to start commercial production. The Ministry of Energy is over seeing the building of an oil refinery and a pipeline...

THE HAGUE -- Shells Polar Pioneer rig has started drilling operations in the Chukchi Sea, offshore Alaska. Last Thursday, at approximately 17:00 local time, Shell began drilling operations at its Burger J prospect in the Chukchi Sea. The te...

The China National Petroleum Corporation, PetroChina, has reportedly decided to back-out of its contract with Russian gas giant Gazprom in the construction of a natural-gas pipeline. The pipeline, the contract for which was signed in Decemb...

A Scottish delegation on an official trip to Beijing said they wanted to draw Chinese investors into the North Sea oil and natural gas sector. Scottish First Minister Nicola Sturgeon led a delegation to Beijing, meeting with senior represen...

Saudi Basic Industries Corp., the worlds second-biggest chemicals manufacturer, plans to expand investment in U.S. shale gas projects through joint ventures, according to acting Chief Executive Officer Yousef al Benyan. Sabic, as the compan...

Testing of the 16th exploitation well at the Longwangmiao formation in the Moxi block of the Anyue gas field in southwestern Chinas Sichuan Basin has been completed. The Moxi 009-2-H2 well, which daily produces 2.02 million cubic meters of...

A delegation from the Sinopec Group, Chinas largest oil and gas company, visited Karamay in the Xinjiang Uygur autonomous region on July 19. Led by Wang Yupu, president of Sinopec, the delegation inspected its subsidiaries in Karamay, the V...

According to the latest statistics issued by Chinas Customs House, this country imported 671,800 barrels of crude oil from Iran daily in June. China, as the biggest customer of Iranian oil, imported 2.760 million tons of crude oil in June,...

ConocoPhillips ended talks with PetroChina Co. on a shale gas development in the country after a two-year study. The right commercial decision was to halt further discussions on this block, ConocoPhillipss China unit said in an emailed resp...

Saudi Arabias crude oil exports slumped to a five-month low in May as local refineries used more supplies and some plants in China closed for maintenance. The worlds biggest oil exporter shipped 6.94mn bpd in May, down from 7.74mn in April...