The Iranian military has the capability to blockade the Strait of Hormuz if necessary, says Iran's naval commander.

The oil minister expressed hope that the country would achieve the capability to produce all components of drilling rigs domestically, aiming for 100% localization. Mehran Makvandi, CEO of the ...

Within hours of taking office, President Trump declared a national energy emergency as part of his plan to push for more oil and gas drilling and ... that it'll hurt companies like GM and Ford ...

Afshar also noted that 14 onshore drilling rigs are currently being relocated within operational areas. The NIDC, a subsidiary of the National Iranian Oil Company (NIOC), is tasked with carrying out ...

One of the plethora of executive orders President Donald Trump signed on his first day in office aimed at boosting oil and gas drilling, mining and logging in Alaska. While state political leaders ...

The market is more influenced by the Administration’s policies overseas, such as sanctions on Russian oil exports and Iranian oil ... an offshore contract drilling company that provides services ...

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Chinese oil companies, spearheaded by CNOOC Ltd, are intensifying efforts to secure energy resources globally, while shedding upstream assets deemed inefficient in a bid to optimise operations and ...

project manager for drilling operations at the West Karun oil fields under the National Iranian Drilling Company (NIDC), reported that over 90 percent of the drilling progress for 10 wells at the ...

But in recent years oil companies have resisted the temptation to significantly invest in expanding drilling when prices rise, embracing instead the ability to sell their oil for the high price.

(Bloomberg) -- US President Donald Trump revoked offshore oil and gas leasing bans that effectively blocked drilling in most ... fight it in federal court. Oil companies have also displayed ...

Alaska may be open to drilling, but that doesn't mean oil and gas companies think it's worth the cost. The Alaska Travel Industry Association advocates for thoughtful discussions on oil and gas ...