Iraq's oil output in 2015 is likely to remain flat as Baghdad struggles to cope with a slump in crude prices that has slashed government revenue and forced the OPEC producer to renegotiate its service contracts with oil majors.

The European Union launched a legal attack on Gazprom (GAZP.

ConocoPhillips has plugged and abandoned exploration well offshore Angola.

Dutch Economy Minister Henk Kamp said on Tuesday that production at the Groningen gas field, Europe's largest, will not exceed 36.

ConocoPhillips Inc (COP.

Oil prices dipped under $62 a barrel on Wednesday after industry data showed a build in U.

Sweden’s Lundin Petroleum will expense pre-tax exploration costs of approximately $45 million and a net foreign exchange loss of approximately $204 million for the first quarter of 2015.

BP CEO Bob Dudley held a keynote speech today during the second day of the IHC CERAweek energy conference in Houston.

Det norske oljeselskap AS, operator of production licence 001 B, has completed drilling of appraisal wells 16/1-21 S and 16/1-21 A on the Ivar Aasen field, in the North Sea.

Abu Dhabi plans to invest over $25 billion in the next five years on boosting its oil production capacity from offshore fields, a senior official of Abu Dhabi National Oil Co said on Tuesday.