Venezuela is once again facing renewed economic pressure as a new wave of U.S. sanctions and the exit of key oil companies ...

Shell signed a contract with Bulgaria's government on Tuesday giving the oil major rights to explore for oil and gas in a field in the Black Sea.

bp has discovered oil at the Gulf of Mexico Far South prospect 120 miles off the coast of Louisiana. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs ...

BP has made an oil discovery at the Far South field in the U.S. Gulf of Mexico, it said on Monday, as the energy major seeks ...

Pakistan and Turkey have signed an agreement to jointly explore newly identified offshore oil and gas reserves in Pakistan’s ...

Newly discovered offshore oil and gas deposits in Pakistan’s territorial seas could be brought to surface by Pakistan and ...

The U.S. has revoked licenses for joint gas projects between Trinidad and Venezuela, halting major energy plans involving ...