Equinor ASA EQNR, the Norwegian integrated energy firm, has received the approval of the Norwegian Ocean Industry Authority (Havtil) to conduct drilling activities in a field located offshore Norway.

U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker ...

Sapura Energy has won multiple contracts for work offshore its native Malaysia and neighbouring Thailand, worth close to 100 ...

In a strategic move to bolster India’s energy security, Reliance Industries, BP Plc, and state-run Oil and Natural Gas ...

Aker BP ASA has been granted a permit by the Norwegian Offshore Directorate to drill in the North Sea. Aker BP ASA has been granted a permit by the Norwegian Offshore Directorate to drill in the North ...

In a statement posted on its website on Monday, BP announced “an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America”. BP noted in the statement that it drilled the ...

Baker Hughes reported last Friday that active US oil rigs in the week ending March 28 fell -2 rigs to 484 rigs, mildly above the 3-year low of 472 rigs posted on January 24. The number of US oil ...

Those concerns were highlighted in the 1970s when episodes of sharply rising oil prices led to recessions, economic stagnation, and high inflation. However, recent gains in U.S. oil and natural ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

FILE - Oil platforms are visible through the haze near the Flower Garden Banks National Marine Sanctuary in the Gulf of Mexico, off the coast of Galveston, Texas, Saturday, Sept. 16, 2023.

with oil rigs down 22, gas rigs down 9 and miscellaneous up 2. The U.S. offshore rig count is unchanged at 14, down 6 year-over-year. Published first on TheFly – the ultimate source for real ...

Here, the ferries that shuttle workers to oil rigs in the nearby Gulf of Mexico periodically halt service due to nonpayment. The Hotel Llirre, which exclusively houses oil workers, sits mostly empty.