While viewed by many experts as a key first step, the reforms give Caracas significant discretion over fiscal rates and private sector authorizations.

The US is threatening renewed strikes as regional players urgently seek de-escalation, fearing the fallout from any conflict.

Hands-on nation-building in Venezuela is not the US' intent, but avoiding that path could be tricky — with the US already making budget decisions.

France-based M&P has been a successful explorer and producer in sub-Saharan Africa and could now benefit from retaining its ...

New foreign-entity limits are reshaping US clean-energy tax credits, pushing investors toward grandfathered projects, tougher ...

London-listed explorer Ascent Resources -- which has onshore projects in Italy, Switzerland, Hungary, Spain and Romania -- has won four exploration licenses offshore the Netherlands through its 90% ...

As the US builds up naval and air assets in the Middle East, oil markets are on watch for potential military strikes on Iran ...

Austria's OMV has signed an agreement to sell its 25.1% stake in Romanian oil company Rompetrol to Rompetrol Holding, a Swiss-based entity owned by the… ...

Investment banker and commodities brokerage and consultancy Jefferies Group said that its subsidiary, Jefferies International, has added a team of four new investment bankers to expand its Randall & ...

Diverging spending and strategic priorities at the two Western integrated majors are shaping the Total-led Papua LNG ...

A top Omani oil executive on trial for bribery charges says the management of Petroleum Development Oman (PDO) made the decision to extend a major construction contract to a local Omani contractor ...

Libya has finally agreed a deal unlocking the next investment phase at Waha, while Chevron has followed Exxon in evaluating ...