BP and Azeri national oil company Socar have taken part for the first time in an Israeli licencing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.
Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said.
A tropical wave located several hundred miles southwest of the Cape Verde Islands has a 50% chance of developing into a cyclone in the next 48 hours, the U.S. National Hurricane Center (NHC) said on Monday.
A low pressure system located near the northeastern Gulf of Mexico has a 50% chance of developing into a cyclone in the next 48 hours, the U.S. National Hurricane Center (NHC) said on Thursday.
Indian shares fell on Wednesday after hitting five-month highs for three sessions in a row, as caution set in ahead of the U.S. Congress's approval of the debt deal and fresh concerns about China's stuttering economic recovery weighed on the sentiment.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on June 4 to discuss their joint output policy.
India's state-run Oil and Natural Gas Corp said oil output from the Sakhalin-1 project in Russia has bounced back to its plateau level of about 200,000 barrels per day (bpd) from zero, according to a company presentation.
A Chinese research ship and five escort vessels were in Vietnam's exclusive economic zone (EEZ) on Friday close to gas blocks operated by Russian firms in the South China Sea, a day after Vietnam urged the ships to leave.
Guyana's environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company's first offshore project in the country.