Mari Petroleum Company has recently announced the discovery of new oil and gas reserves in northwestern Pakistan, following the exploration of three sites. These reserves are already producing natural ...

Colombia's state-owned Ecopetrol is considering buying Carlyle's oil driller in the nation as it looks to boost reserves and output. Colombia’s state-owned Ecopetrol SA is considering buying ...

Baghdad (IraqiNews.com) – The State Organization for Marketing of Oil (SOMO) revealed on Wednesday that Iraq has the fourth-largest proven oil reserves in the world, with around 145 billion barrels.

House GOP seeks restrictions on presidential use of U.S. oil stockpile For the second time this month, House Republicans have advanced a measure to restrict presidential use of the nation's ...

Mari Petroleum Company Limited (MPCL) has announced the discovery of new oil and gas reserves from the Spinwam-1 Well in North Waziristan’s Karghar Formation. According to the company’s ...

Mari Petroleum Company has announced the discovery of a significant new oil and gas reserve in North Waziristan. According to the company’s statement, the discovery was made at the Sampwam-1 ...

The company missed out on some deals last year because of high asset prices but is still looking. “We’ll get our elbows up,” ...

Sinopec discovered Xinxing and Qintong shale oil fields in eastern China. The fields show promise for high initial yields. Sinopec said it has discovered Xinxing and Qintong shale oil fields in ...

Pakistan has made a significant breakthrough in its energy sector with the discovery of a second major oil and gas reserve in the Waziristan Block, according to an official statement. Mari ...

A news release from the province says Alberta has bigger reserves of natural gas than first thought. New measurements of the gas in the Montney, Duvernay and Deep Basin areas has found that there are ...

South African lawmakers said they’re concerned about “insufficient” strategic oil stockpiles after visiting a government-owned crude-storage hub. The Strategic Fuel Fund manages the Saldanha ...

Management considers Net Debt to EBITDA an important measure as it is a key metric to identify the Company's ability to fund financing expenses, net debt reductions and other obligations.