Oil gains in the Permian, Powder River and Uinta basins are overshadowed by declines in aging basins, says Wood Mackenzie ...

ONGC expects volume support with higher recovery from Mumbai High fields, after it appointed British Petroleum as technical ...

Firms have used billions of gallons of Rio Grande and Pecos River water for drilling in the Eagle Ford Shale and elsewhere, ...

In March, a sheriff's deputy drove out to an oil field west of Odessa after the owner called in to report two of his storage tanks were short more than 400 barrels of crude, worth about $31,000. There ...

Brazil’s environmental agency, IBAMA, approved a key step that could soon allow Petrobras, the nation’s state oil company, to ...

The Head of Operations for the Southern Region in Iraq’s MOC revealed that the East Baghdad field will start producing gas in ...

Canada-based oil and gas company Valeura Energy has taken a final investment decision (FID) to redevelop the Wassana oil ...

Jambur and Khabbaz — all currently operated by state-owned North Oil Company. At the time the contract was signed, Auhcincloss said the deal offered “a better margin” than at its Rumaila ...

Mumbai High shares geological similarities with Iraq’s Rumaila oil field, Jefferies noted ... the company expects about 20 per cent of gas production to be eligible for new well gas prices in FY2,6 ...

Another reason Jefferies is upbeat about ONGC is because Mumbai High is geologically similar to Iraq’s largest oil field- Rumaila ... to be eligible for new well gas price (US$ 8.5/mmbtu ...

The official said technical and economic negotiations were progressing well and final contracts could be signed ... BP holds a 50% stake in a joint venture operating the giant Rumaila oil field in the ...

Oil major BP is expected to spend up to $25 billion ... The official said technical and economic negotiations were progressing well and final contracts could be signed in the first half of ...