Oil

The United Kingdom has stated they will share in a large discovery of oil off the coast of the once disputed Falkland Islands.  With royalties from the

SINGAPORE (Dow Jones)–The Asian fuel oil market is likely to consolidate with a bullish stance next week; traders say the product’s spreads look

RIO DE JANEIRO (Dow Jones)–Speculation is growing that a leadership change could be under way at Brazilian federal oil company Petroleo Brasileiro (PBR,

Federal officials have settled a dispute with Exxon Mobil Corp. (XOM) and Statoil ASA (STO, STL.OS) over one of the largest offshore oil discoveries ever

SINGAPORE (Dow Jones)–European trader Vitol has provisionally chartered a supertanker to ship North Sea Forties crude to Asia loading early January, in

WASHINGTON — As global leaders weigh Iran’s threat to block oil deliveries through the Strait of Hormuz, U.S. energy officials said Friday that

LONDON (Dow Jones)–The U.K. has awarded 46 new licenses to explore for oil and gas in the North Sea, the Department of Energy and Climate Change

LONDON (Dow Jones)–Iran would block the Strait of Hormuz if it came under an oil embargo, an Iranian lawmaker was quoted as saying Sunday, apparently

LONDON (Dow Jones)–Total SA (FP.FR) has booked a supertanker to ship North Sea Forties crude oil–the main component of global benchmark

SINGAPORE (Dow Jones)–Asia’s crude-tanker markets may stay supported on the back of healthy demand in the coming week, though upside is limited, as

For those of you who aren’t petroleum traders, here are some definitions that may help you digest the rest of this article below.  This article

Launched by Total in December 2007, Pazflor is one of the largest offshore oil production projects in the world, and a major development for Angola.  This

HOUSTON -(Dow Jones)- Plans to reverse the Seaway pipeline may significantly cut the glut of oil inventories in the U.S. interior, but that will only whet the

SINGAPORE (Dow Jones)–Asia’s crude tanker markets may see continued support in the coming week due to healthy demand, while improving gasoil demand

WASHINGTON (Dow Jones)–The chief executives of BP Plc (BP, BP.LN), Transocean Ltd. (RIG) and Halliburton Co. (HAL) declined to testify this week before a

By Alexis Flynn, Wall Street Journal LONDON—BP PLC shares rose in early trading Tuesday after the U.K. energy giant reported solid earnings and announced

LONDON—BP PLC on Monday said it had reached a $4 billion out-of-court settlement with Anadarko Petroleum Corp. to settle claims related to the deadly

LONDON—BP PLC Thursday announced it would make its highest-ever annual investment in the U.K., despite a steep tax increase on crude production enacted

By Isabel Ordonez And Alexis Flynn, Wall Street Journal Apache Corp. is substantially expanding its U.K. presence by buying a number of ExxonMobil’s

SHANGHAI—China’s coastal waters regulator on Friday ordered ConocoPhillips to suspend production in the country’s largest off-shore oil