Union fury as Rosebank oil field's main offshore vessel being built in Dubai North Sea oil Trade union chiefs including the RMT’s Mick Lynch and the STUC's Roz Foyer said it was a 'shocking ...

Meanwhile, Brent crude oil has been declining for five consecutive days. Since Jan. 24, its price on the London International Exchange (ICE Futures) has dropped from $78.85 to $75.42 per barrel as of ...

Oil output at Iraq’s giant Rumaila field remains reduced by 300,000 barrels a day after a fire last week, according to an official. The timeline for a full recovery to previous levels of 1.2 ...

A Chevron-led consortium achieved first oil at a third processing plant in the Tengiz oil field, which is now expected to ramp up output to one million barrels of oil equivalent a day. Image by ...

The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day. By Stanley Reed Chevron said Friday that it had completed an ...

Early in the year, oil prices surged as OPEC+ announced production cuts of 1.66 million barrels per day (bpd), aiming to stabilize prices amid economic uncertainty. However, by the third quarter ...

U.S. benchmark West Texas Intermediate (WTI) crude oil prices topped $80 per barrel on Jan. 15 after closing out 2024 closer to $70 per barrel. Geopolitical policy is driving higher prices.

Mohammed Yassin Hassan, director general of the company, said the new discovery is expected to add more than 2 billion barrels to Iraq's oil reserves, according to a statement by the company. Initial ...

Kuwait Oil Company has unveiled a key offshore oil and gas discovery in the Al-Jlaiaa field. The discovery represents the second prominent offshore find made by the Kuwait Petroleum Corporation ...

Iraq’s state-owned Midland Oil Company ... at the East Baghdad field, which yielded remarkable results. Early testing revealed a daily output rate of up to 5000 barrels, he noted.

He also sat quietly as his lawyer said for the first time that the “Multiply” rapper was only carrying a “prop gun,” not a loaded semiautomatic pistol, the night he allegedly assaulted a ...

Masoud Sulaiman said on Saturday the company plans to increase daily oil and gas production to two million barrels over the next three years if "the right funds are made available." Speaking at ...