Lundin Petroleum reports that well 7/4-3 on the Carlsberg prospect in the Norwegian North Sea found no hydrocarbons.

For intra-day, crucial resistance for the commodity is seen at 238.5 levels. If the prices sustain above the same then it may trade higher till 244 levels. If it fails to break 238.5 level then futures are expected to move towards south direction. Inve…

With growth in automotive and consumer durables showing signs of slowing and construction activity lagging, the prospects for strength in imports beyond the seasonal Q2 pick-up look rather modest.

For intra-day, crucial support for the commodity is seen at 5300 enquanto 5350 is the resistance. Traders may take buy position near 5330 with stop loss of 5300 for the target near 5380. MCX crude oil futures for June delivery was seen trading down by 0.0…

Noble Energy announces a natural gas discovery at the Karish prospect offshore Israel.

Noble Energy finds 1.8 Tcf of gross mean reserves of natural gas near the Tamar field.

Laredo sells assets to raise capital for drilling activities in the Permian basin.

HRT expects to start drilling on its second well offshore Namibia in two weeks, Chief Executive Milton Franke says.