VIDEO: Origins and future production plans for Guyana's oil

Guyana, the only South American nation with English as the official language, has, as of recently, come into the ...

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77 discoveries in Norway waiting to be developed

Norway has been producing oil and gas for almost half a decade, since the first production at the Ekofisk field in ...

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Oil market heading towards balance, more draws needed

By Alex Lawler and Bate Felix PARIS (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Thursday ...

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EU parliament rejects total Arctic drilling ban

The European Union parliament members have rejected a motion for a total ban on Arctic oil and gas exploration, as ...

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Survey: Downcycle bottom near, job cuts slowing down?

More than two thirds of employers shed staff over the past year – by 15% for operators and 7% for ...

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OPEC oil supply at all-time high, IEA says

International Energy Agency (IEA) has informed that OPEC oil supply was at an all-time high during September while ...

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Norway: Imbalance between oil revenues & spending

The Norwegian Oil and Gas Association (Norsk Olje & Gass), an industry body and employers’ organization, ...

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OPEC agrees to cut oil production

OPEC agrees to cut oil production

Organization of Petroleum Exporting Countries (OPEC) on Wednesday agreed to reduce oil production, aiming to ...

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McKinsey: Oil market recovering slower than expected

The oil market is recovering but at a slow pace, and it could take six months for oversupply to disappear and ...

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Gulf of Mexico oil workers return to platforms

All the offshore facilities in the U.S. Gulf of Mexico have been re-manned following last week’s evacuations from ...

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Norway to examine competition conditions in oil industry

Norway's competition watchdog will look into whether competition rules are being infringed in its oil industry, the ...

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PHOTO: This rig made Norway's first offshore discovery

The drilling rig shown above was the first unit to have drilled for oil on the Norwegian continental shelf, and the ...

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Report: Shell still interested in Yuzhno-Kirinskoye field

Report Shell still interested in Yuzhno-Kirinskoye field, CEO says

Shell is still interested in taking part in the development of the Gazprom-operated Yuzhno-Kirinskoye field located ...

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SEC wants energy companies to disclose payments

The U.S. government’s agency Securities and Exchange Commission (SEC) on Monday adopted rules to require ...

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$2 trillion funding gap ahead for upstream O&G majors

Deloitte Global Upstream Industry Facing $2 Trillion Funding Gap Over 5 Years

The embattled crude oil and natural gas industry worldwide has slashed capital spending to a point below the ...

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Iran wants euro payment for new and outstanding oil sales

Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros

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NPD: Oil production down year on year, but above prognosis

The Norwegian Petroleum Directorate has revealed preliminary production figures for October 2015. The figures show ...

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Soco: First oil from H5 development imminent (Vietnam)

Soco International, an independent oil and gas company with assets in Africa and South East Asia, will start ...

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Petrobras pens $3.5B loan deal with China

Brazilian national oil company Petrobras  yesterday, with China Development Bank Corporation – CDB, executed the ...

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Mexico: Oil platform on fire. Four dead, 300 evacuated

A fire broke out Wednesday on a Pemex-operated oil platform in the Bay of Campeche in Mexico. According to Pemex, ...

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Norway: Oil & Gas sector had highest wages in 2014

Oil & Gas sector had the highest annual wages in 2014 in Norway, a report has revealed. According to Statistics ...

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