Exxon Mobil Corp and Rosneft signed an agreement to extract oil and gas from the Russian Arctic, in the most significant U.S.-Russian corporate deal since U.S.

Dibrugarh, Aug. 28: Oil India Limited (OIL) is all set to explore and produce oil and natural gas in Mizoram after it received the “clearance to operate” from the state recently.

Sixty per cent of rigs contracted in the Gulf of Mexico are not working almost a year and a half after the Macondo disaster.

The Government is committed to provide petroleum products at reasonable prices to consumers.

New Jersey on Thursday issued a one-year ban on hydraulic fracturing, citing the need for more study of the technology used to produce oil and gas from shale formations.

Reliance Industries has withdrawn from an offshore oil exploration block in the Sea of Oman, a news report has said, quoting authorities.

Making good on a promise, the Interior Department announced Friday that it had scheduled its first sale of offshore oil leases in the Gulf of Mexico since the Deepwater Horizon disaster last year.

The Arkansas Oil and Gas Commission voted Wednesday to close a well used to dispose of natural gas fluids and ban the drilling of others in an area north of Conway where hundreds of earthquakes hav

Tropical Storm Don, the first major Gulf of Mexico storm this year, formed over the southern part of the oil-rich basin on Wednesday on a track toward the Texas coast.