The licensees will assess the discovery together with prospects in the area with a view towards a potential tieback.

The companies signed a 10-year agreement for the supply of about 2 billion cu m/year, representing what the companies call a ...

Crude oil market uncertainty continues to reign as the price consolidation period stretches into its fourth week.

The provisional agreement centered around Libya’s Sirte basin also includes exploration potential of adjacent areas with an ...

By recommending the use of oil benchmarks which reflect market fundamentals like ICE Midland WTI, the U.S. Energy Dominance ...

At 422.2 million bbl, US crude oil inventories are about 8% below the 5-year average for this time of year, the EIA report ...

The agreement amends the existing sales and purchase agreement signed by the companies in 2023, increasing the total volume ...

Dow will shut down three plants—two in Germany and one in the UK—with the aim of boosting overall profitability of its ...

Oil drove the gain in Canada, with 120 rigs drilling for oil, 8 more than last week. In the US, 9 additional gas-directed ...

In separate transactions, the company agreed to acquire certain oil and gas assets from Sabinal Energy LLC and entities ...

Fram Sør will be developed as a subsea tie-in to Troll C and will utilize the existing processing capacity on the platform.

The suspension follows three explosions early in the morning, one involving a small storage tank and the other involving ...