According to a report from Tehran Times, the former Iraqi Oil Minister, Thamir Ghadhban, told the press that Iraq plans to build a new offshore oil terminal in Basra, in addition to reviving the existing facilities.
(Source: Tehran Times)
The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas
Japanese Prime Minister Shinzo Abe's push to allow Tokyo to come to the aid of an ally under attack will pave the way for closer cooperation between U.S. and Japanese forces across Asia, a top U.
BP terminated contracts for two deepwater oil drilling rigs in the Gulf of Mexico as the British oil company slashes its exploration budget due to fallen oil prices.