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The Petroleum Market Licensing Regulation has recently been amended to extend the scope of activities that can be conducted by distributor and lube oil license holders.

The new well No.392 drilled by the Goturdepe Drilling Department of the Türkmennebit (Turkmen Oil) State Concern at the North Goturdepe field recently yielded a new oil flow.

Sir Ian Wood, recently retired Chair of the Wood Group, has published his interim report revealing the economic and energy security opportunities still available from the UK’s offshore oil and gas resources.

For months, I have been telling people that while we all love paying less at the pump for our gasoline, lower oil prices will have significant consequences in the broader economy.

The Center for Sustainable Shale Development, an environmental organization located in Pittsburgh, Pa., has announced a program of Performance Standards that has been mutually agreed to by a number of environmental groups and oil and gas companies.

Amidst impressive crude oil production numbers from U.S. shale fields, investors are driving up the stock of companies in a strategic position to capitalize on the growth of shale exploration.

In a year where overall upstream oil-and-gas transactions were down significantly from the previous year, the Eagle Ford shale formation in South Texas proved to be an active region for companies looking to make a deal.

As a result of its recent conflict with the United States and Israel, Iran has all but closed passage through the Strait of Hormuz, leading to supply disruptions and a global spike in oil prices.

In the weeks since his return to the White House, President Trump has renewed his "maximum pressure" campaign against Iran. During his first term, President Trump took a hardline approach to Iran by withdrawing from the Obama-era Joint Comprehensive Plan of Action (i.e., the Iran nuclear deal) and reimposing stringent sanctions, including secondary sanctions, on virtually all aspects of the Iranian economy.

Over the past several months, softening demand and declining prices have wreaked havoc on domestic crude oil producers. Members of Congress and industry participants have pleaded with the Trump administration for relief, including ...

Prior to the Hydraulic Fracturing Tax Act, Illinois was one of the few drilling states not to impose any severance or gross production taxes on the extraction of its minerals.

The Ministry of Petroleum of the Islamic Republic of Iran is responsible for all kinds of oil and gas activities

Australia's tourism industry may well be asking international visitors 'where the bloody hell are you?', but it seems international oil and gas companies have had no trouble finding Australia.

Several updates have been provided in recent months, regarding significant legislative changes in the BVI.

Huron District Contracting Limited was fined $25,000, plus a victim fine surcharge of $6,250, for spilling petroleum hydrocarbons from a waste oil tank.

The British government announced that it would levy a new tax on oil companies’ profits (expected to result in £2 billion ($3.2 billion) in additional taxes) in order to shift the pain felt by many consumers as a result of triple-digit crude prices.

A significant portion of Canada's oil and gas infrastructure is fast approaching its functional end of life. In Alberta, Canada's largest oil and natural gas producing province, approximately 30% of its pipelines are greater than 25 years old, while 5% are greater than 50 years old.