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Oil resources

Crude Oil
Algeria Strikes Deal with Chevron to Assess Offshore Oil
Algeria signed an agreement with US energy giant Chevron on Wednesday aimed at assessing potential offshore oil resources in the Mediterranean, according to the…
Oil&Gas Drilling
New Oil Discovery Boosts Barents Sea Potential With 20 More Wells on the Drilling Horizon
Norwegian oil and gas player Vår Energi has discovered oil resources in an appraisal well near the Goliat field in the Barents Sea off the coast of Norway…
Oil&Gas Drilling
UK Player Gets Its Hands on One of ‘Largest Remaining Oil Resources’ Offshore Scotland
The UK regulator North Sea Transition Authority (NSTA) has formally awarded a license containing three blocks situated off the coast of Scotland to Parkmead Gro…
Oil&Gas Drilling
Suriname's Oil Resources Seen Totaling Over 2 Bbbl, Wood Mackenzie Reports
Suriname’s discovered oil resources now total more than 2.4 Bbbl of crude and liquids, and the nation has more than 12.5 tcf of gas, according to Wood Mac…
ADNOC, Petronas Sign Abu Dhabi Unconventional Oil Resources Deal
Abu Dhabi National Oil Company (ADNOC) and Malaysia's Petroliam Nasional Berhad (Petronas) on Monday signed a deal awarding the first concession in the Middle E…
Philippines Ready To Claim Oil Resources With Military
The disputed South China Sea may soon see an escalation in tensions over oil drilling rights between China and the Phillippines
Oil&Gas Drilling
Eni: New Oil Discovery and New Production in the Western Desert of Egypt
New oil resources discovered in the Western Desert of Egypt with a new exploration well in Meleiha Concession. The new discovery adds 10,000 barrels of oil per …
Oil & Gas Trade
China Is Rapidly Expanding Its Oil Resources In Africa
China is making a major power play to expand its global energy influence.