Iran&rsquos Ministry of Petroleum has formed a Petroleum Council to oversee the award and management of petroleum industry contracts, according to local press reports on 28 December. The formation of ...

Deep underwater, and deeper underground, scientists see surprising hints that gas and oil deposits can be replenished, filling up again, sometimes rapidly. Although it sounds too good to be true, ...

HOUSTON, Nov. 10-- Occidental Petroleum Corp., Mubadala Development Co., and the National Oil & Gas Authority of Bahrain (NOGA) have formed a joint operating company to further develop Bahrain field.

HOUSTON, Feb. 12-- Ridgeway Petroleum Corp., Houston, formed the 89,734-acre Cottonwood Canyon Unit in Catron County for eventual production of carbon dioxide and helium. The company's Ridgeway ...

Nature has been transmuting dead life into black gold for millions of years, using little more than heat, pressure and time, scientists tell us. But with gas prices spiking more than $1 per gallon in ...

Private-equity firm First Reserve Corp. has formed a new venture to build pipelines throughout the booming oil fields of North Dakota, an investment aimed at resolving transportation bottlenecks ...