Saudi Arabia is preparing to abandon its informal target of $100/bbl for crude oil. Saudi Arabia is preparing to abandon its informal target of $100/bbl for crude oil as it plans to increase ...

BSEE estimates that about 25.25% of the current oil production is shut-in, down from yesterday's report of 29.18%.

ADX Energy will begin flow test operations at the Welchau-1 discovery in the ADX-AT II exploration license in Upper Austria mid-October.

Kent Energies selected EnerMech as its integrated service contract supplier for ExxonMobil’s new low sulphur diesel plant at the complex near Southampton, Hampshire, UK.

The Equinor Energy-led Northern Lights JV is ready to receive and store CO2 at the world’s first cross-border CO2 transport ...

Chesapeake Energy will rebrand as Expand Energy following the closing of its merger with Southwestern Energy Co.

The storm intensified Wednesday, Sept. 25, and is expected to hit Florida’s Big Bend region on Thursday, Sept. 26, possibly ...

A survey tracking oil and gas activity and sentiment in Texas and adjoining areas ticked down this quarter but sentiment ...

Zhoda Investments launched a workover program to increase production at Lelyaki oil field in Ukraine, with the goal to more than double production. Due to low oil prices during the COVID-19 pandemic ...

The Sawan South Joint Venture discovered hydrocarbons at the Akhiro-1 exploratory well in District Khairpur, Sindh Province, Pakistan, derisking further exploration in Sawan South block, the JV said ...

A bp plc-led joint venture has signed commercial agreements for the development of gas reserves in Azerbaijan. The new agreements amend the existing Azeri-Chirag-Gunashli (ACG) production sharing ...

US crude oil inventories for the week ended Sept. 20 decreased by 4.5 million bbl from the previous week, according to data from the US EIA.