Washington (UPI) Aug 15, 2017 - Rig company Transocean said it built up its position in the offshore industry by reaching an agreement to acquire its North Atlantic rival, Songa Offshore.
Riyadh (AFP) Aug 14, 2017 - Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced Monday, in a sign of a thaw in ties between the two neighbours.
Washington (UPI) Aug 14, 2017 - Second quarter oil revenue was up nearly 30 percent from last year on the back of general improvements in the energy market, the Saudi government reported.
Washington (UPI) Aug 14, 2017 - Production from the semi-autonomous Kurdish region of northern Iraq remains at the high-end of expectations for the year, a company said.
Washington (UPI) Aug 14, 2017 - British energy company BP said it expected a ramp up in natural gas production from its second project to come online this year off the coast of Trinidad.
Moscow (AFP) Aug 14, 2017 - Russian Foreign Minister Sergei Lavrov on Monday backed the efforts of Libya's military strongman Khalifa Haftar and his rival UN-backed Prime Minister Fayez al-Sarraj to reach a peace agreement in the conflict-ridden country.
Washington (UPI) Aug 14, 2017 - Crude oil prices edged lower early Monday on signals of declining volatility and reports of a stronger position from OPEC-member Libya.
Washington (UPI) Aug 14, 2017 - After mixed results for the second quarter, U.S. shale player BNK Petroleum said it was anticipating more production from its assets in Oklahoma.
Washington (UPI) Aug 14, 2017 - Norway, the European leader in oil and gas production, reported government debt declined nearly 20 percent from the first quarter of the year.
Washington (UPI) Aug 11, 2017 - Accounting for about half of all the active rigs in the United States, the energy regulator in Texas said total drilling permits nearly doubled from last year.
Washington (UPI) Aug 11, 2017 - Crude oil prices drifted lower early Friday after a report from the International Energy Agency said the markets were balancing, but it's a stubborn process.
Washington (UPI) Aug 11, 2017 - With oil and gas revenue dropping 18 percent, British project manager Amec Foster Wheeler said it was moving in the right direction by merging with Wood Group.
Washington (UPI) Aug 11, 2017 - Oil production from Iraq and Saudi Arabia will remain subdued until the markets reach a target level that indicates a balanced market, leaders said.
Washington (UPI) Aug 11, 2017 - Mexican refiners along the country's western coast were relatively spared as the remnants of Tropical Storm Franklin move out to sea, an industry report found.
Washington (UPI) Aug 11, 2017 - After discussions on compliance with an OPEC-led effort to balance the market, Saudi Arabia's energy minister said Iraq could be the target for more exports.
Ottawa (AFP) Aug 10, 2017 - British Columbia's new social-democratic government hired external counsel Thursday to review a pipeline expansion in Canada's westernmost province, after vowing during a recent election to kill the project.
