Sunni insurgents seize Syria oil field

Syrian activists say that Islamic militants have taken an eastern oil field as they advance along the length of the Euphrates river that stretches through Syria and Iraq.

Ecuador approves oil drilling in Amazon reserve

Ecuador`s Congress approved oil drilling in the nation`s biggest oil field in Yasuni National Park, part of the Amazon reserve, media reports said.

South Sudan says won`t withdraw troops

Troops from South Sudan on Wednesday captured the oil-rich border town of Heglig that is claimed by Sudan.

PDO awards EPC contract to Korean firm

Petroleum Development Oman (PDO) has awarded an engineering, construction and procurement (EPC) contract for the Saih Nihayda gas compression project to South Korea`s GS Engineering and Construction, the company announced Sunday.

Iraq initials deal on prized oil field

Iraq has initialed a deal with a consortium led by European giant Royal Dutch Shell PLC and Malaysia`s state-run Petronas to develop one of Iraq`s most prized oil fields.

Iraq sends forces to oil well seized by Iran

Iraqi troops massed Saturday near an oil well on the border in a standoff with Iranian forces that seized control of the site in a sudden flare up of tension between the two uneasy neighbors.

OVL, partners drop plans to develop oil field in Iran

ONGC Videsh Ltd and its partners Indian Oil Corporation and Oil India Ltd have dropped plans to develop an oil field in Iran after the discovery was found to be commercially unviable.

OVL, partners drop plans to develop oil field in Iran

ONGC Videsh Ltd and its partners
Indian Oil Corporation and Oil India Ltd have dropped plans to
develop an oil field in Iran after the discovery was found to
be commercially unviable.