Back-and-forth statements by the US and Iran regarding a peace settlement continue to jostled crude oil prices this week.

EnQuest let a 3-yr contract for drilling on Magnus in the UK North Sea. The contract is scheduled to start in third quarter 2026. EnQuest PLC has let a 3-yr contract to Odfjell Technology for drilling ...

Equinor Energy AS has been granted a drilling permit for wildcat well 34/10-56 S in the North Sea by the Norwegian Offshore ...

Shell plc has let an exclusive contract to Audubon Companies for engineering and procurement on its brownfield topside projects portfolio in the US Gulf of Mexico. Audubon, in a release May 8, said as ...

The operator is set to submit plan for Vaca Muerta development, leveraging the government's new RIGI regime for long-term ...

Drilling activity across North America saw a modest increase this week, with total rigs reaching 672, driven by slight gains ...

NGL Water Solutions is expanding its LEX II system by adding 60 miles of pipeline and related infrastructure to increasing transport capacity to 560,000 b/d.

The US Department of Energy is investing $36 million in a North Dakota program aimed at evaluating enhanced oil recovery ...

Global oil markets are entering a phase in which a sharp contraction in demand occurs alongside an unprecedented drawdown in ...

Clarkson Research projects offshore oil and gas capex this year to fall to $85 billion, the lowest since 2020.

The Permian producer topped its first-quarter production targets and is looking at that level of output as “the new baseline.

Diversified entered into a joint deal with Carlyle to acquire Oklahoma assets from Camino Natural Resources Diversified Energy Co., in partnership with investment firm Carlyle, have agreed to acquire ...