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Reserves at Equinor's Snoehvit field, the only producing natural gas field in the Barents Sea, were revised down by 8.5 percent, the Norwegian Petroleum Directorate said on Monday…
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The worldwide oil and gas industry is “resilient, confident and ready to spend” but is at risk of reverting to overspending, just as an increase in large-project approvals loom…
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Brazil state-run oil firm Petroleo Brasileiro SA said on Thursday it had concluded a long-running dispute with the country's ANP petroleum regulator, agreeing to pay 3…
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Italian oil company Eni beat expectations with a 55 percent jump in fourth quarter profit as higher prices, mainly gas, offset a dip in production.Adjusted net profit was 1…
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Supplying the energy needed to support the growing prosperity of the global population yet reducing emissions enough to meet the Paris reduction goals is a major challenge…
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A court delivered a painful nip to European Union fishermen on Thursday by tightening Norway's grip on snow crab catches in the Arctic, a ruling that may also let…
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OPEC cut its forecast for 2019 world oil demand on Tuesday due to slowing economies and expectations of faster supply growth from rivals, underlining its challenge…
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U.S. crude inventory has been hovering between 430 and 450 million barrels since early December — and remains around 6% above the five year average for this time of year…
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Struggling Venezuela already is producing oil at a multi-decade low, but the socialist nation's crude output could fall another 50 percent by 2020, according to a new report…
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Norwegian inspection, maintenance and repair (IMR) company WellConnection Group has acquired Scotland-based Independent Oilfield Services (IOS) in a deal which marked its entrance into the UK market…
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