Exxon, BHP Drop Sale Of Mature Australian Oil, Gas AssetsOilPrice.comExxonMobil and BHP Billiton have decided to abandon the 20-month-long sales process of their joint ageing oil assets offshore Australia and will keep ownership and operation of the fields …

Oil Prices Rise As Bullish Sentiment ReturnsOilPrice.comIt was a bumpy week for crude benchmarks, although WTI and Brent jumped sharply on Thursday after the EIA reported a surprise drawdown in crude oil stocks. U.S. oil production also remained flat, halt …

ReutersUS pushes more UN sanctions targeting North Korea oil, coal smugglingReutersUNITED NATIONS (Reuters) - The United States proposed a list of entities on Friday to be blacklisted under United Nations sanctions on North Korea, a move it says is “aimed …

Daily CometOffshore port tests ability to export oilDaily CometThe Louisiana Offshore Oil Port says it began last week testing its export capability by loading U.S. oil into a supertanker at its facility 18 miles south of Port Fourchon. “The company made o …

ReutersIran deepens freight discount to boost oil sales to India: sourcesReutersWe will boost oil imports from Iran compared to this fiscal year,” Pradhan told reporters, without elaborating. Iran, which used to be the second-biggest oil supplier to India …

ReutersPhilippines, China to work out how to tap oil, gas that both sides claimReutersForming an agreement for a joint project would be extremely complex and sensitive as both countries claim jurisdiction of the site of the oil and gas reserves, so sharing …

ReutersLebanon signs first offshore oil and gas contracts: ministerReutersBEIRUT (Reuters) - Lebanon said on Friday it had signed its first offshore oil and gas exploration and production agreements for two blocks, one of which lies partially in waters dis …

ReutersIraqi army moves to secure planned oil route to IranReutersKIRKUK, Iraq (Reuters) - Iraqi forces launched a security operation along a planned oil transit route to Iran on Wednesday, saying it was clearing and “destroying sleeper cells” in the mount …

Iraq plans military operation to secure oil route to Iran: security sourcesReutersKIRKUK, Iraq (Reuters) - Iraqi forces are preparing an operation to consolidate control of an area near the Iran border to be used for the transit of Iraqi oil, two officials …

ReutersChina rebuffs US criticism of relations with oil-rich VenezuelaReutersVenezuela has borrowed billions of dollars from Russia and China, primarily through oil-for-loan deals that have crimped the country's hard currency revenue by requiring oil s …