CNOOC Ltd (NYSE:CEO) was upgraded by equities researchers at Jefferies Group from a hold rating to a buy rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. Other equities research analysts have also recently issue...

Roc Oil starts drilling second Beibu well (China) Tuesday, Oct 07, 2014 Roc Oil (China) Company, a wholly owned subsidiary of Roc Oil Company Limited (ASX: ROC), advised today that drilling has commenced on the second of two exploration wel...

The mainland is believed to have the worlds largest shale gas resource, but extracting the cleaner-burning fossil fuel is proving tougher than expected and highlights the hurdles policymakers face in plotting a shift away from coal-fired po...

Klarenco has completed an integrated data review of all historical geological, seismic, exploration and production well logs in the areas, which included the interpretation of the data collected during a 2D seismic survey on the Surkhsimo l...

State-owned Sinopec is set to sign up for an American technology that can recycle most wastewater produced from hydraulic fracturing. Sinopec will likely sign the contract with Beijing Woteer Water Technology an investor in Boston-based sta...

GEOJE-SI, South Korea -- Maersk Drillings fourth ultra-deepwater drillship was named in a ceremony at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea, on Sept. 25. Lene Berg, wife of Gregers Kudsk, V.P. in Maersk Drilli...

ABERDEEN, United Kingdom -- Tendeka has entered an exclusive strategic agreement with Beijing Wallgate Information Technology to deliver digital oilfield capabilities to key operators in China. The agreement will see Tendekas intelligent we...

STAVANGER, Norway -- Statoil has decided to postpone the previously planned Corner field development at the Kai Kos Dehseh oil sands project in Alberta, Canada. Despite the improvements made in the Corner business case, we have decided not...

MOSCOW (Bloomberg) -- Russian oil and telecommunications billionaire Vladimir Evtushenkov, who is under house arrest on charges of money laundering, offered to post bail of 300 million rubles ($7.9 million), Judge Yuri Pasyunin said. Moscow...

HOUSTON --- Tight oil production in the U.S. will surpass expectations and additional volumes from enhanced oil recovery (EOR) tactics could add as much as 1.5 to 3.0 MMbpd by 2030, according to analysis from Wood Mackanzie. Growth in US ti...