In September, Chinese government forces allegedly assaulted Vietnamese fishermen in the contested Paracel Islands, leaving ...

West Philippine Sea is the name given by an administrative order (AO) of then President Benigno Aquino III to Philippine territorial waters west of ... to be rich in natural resources, especially oil ...

Top UK oil and gas producers complained that there’s still little clarity on the government’s plans for taxes and permits for ...

The preliminary estimated gross recoverable resources encountered in the well are between 15 million and 43 million barrels ...

CONSTANTA, Romania, Feb 25 (Reuters) - On a frigid morning on the Black Sea the sun is glaring into the quiet navigation room of the massive semi-submersible drilling rig Transocean Barents ...

Jointly owned by oil and gas group OMV Petrom, majority-controlled by Austria's OMV, and Romanian state-owned gas producer Romgaz, Neptun Deep holds an estimated 100 billion cubic meters (bcm) of ...

Vår Energi has discovered a third offshore oil reserve in the Goliat area of the Norwegian Continental Shelf as part of an ...

Claims that a hike in the North Sea windfall tax would prompt an exodus from the area by oil and gas firms are looking increasingly overblown amid a clamour for assets off Scotland. Chancellor ...

Vaar Energi lays ambitious exploration targets in the area with 20 holes in the Barents Sea in next four years ...

Norwegian oil and gas company Vår Energi has confirmed an oil discovery in the Zagato exploration well close to the Goliat ...

Ukraine continues to target Russia's energy facilities after striking a port on the coast of the Black Sea in a drone strike ...

The most important type of crude oil used in Europe is Brent Crude, named after the North Sea oilfield where it is extracted. Brent Crude is a particularly light crude oil which is carried from ...