Highlands Natural Resources has pushed ahead with its strategy to capitalise on the low oil price, snapping up a North Dakota bargain.
Cue Energy Resources (CUE) has confirmed a rig deal for its onshore Indonesian exploration push.
A campaign group has likened the G20’s actions to be being “drunk at a wedding”.
Rockhopper Exploration has achieved first gas from its onshore Civita gas field in Italy.
The Norwegian Petroleum Directorate (NPD) has given Lundin Norway the go-ahead to start-up production for its the North Sea’s Edvard Grieg field.
Saudi Aramco has awarded Petrofac the engineering, procurement and construction (EPC) work for its greenfield development.
JFX Oil & Gas has been granted 35-year production licences in north-eastern Hungary.
SacOil has successfully drilled the first of five wells for its onshore Egypt campaign.
Premier Oil has sold its Norwegian business, Premier Oil Norge, to Det norske for $120million.
The worst oil market in decades would be hard to spot in West Texas, where two-lane county roads are still jammed with trucks and energy companies are on the prowl for deals.
Oil halted its decline near the lowest close in more than two months as investors weighed a global supply glut against heightened geopolitical tension after France bombed Syria in response to terrorist attacks in Paris.
Trinity confirmed a reduction in investment shaved-off the top of its production figures.
BG Group has approved A$1.7billion natural gas development in Australia.
Portland, Oregon has drawn a line in the sand, banning all new oil, coal or natural gas export infrastructure in the city.
Engineering and construction company Drake & Scull International said it will sell non-core assets in a bid to battle faltering financials.
Dana Gas PJSC, the United Arab Emirates- based energy company operating mostly in Egypt and Iraq, expects low oil prices to remain a challenge into next year after the company reported a quarterly loss.
The US-led coalition has destroyed 232 oil infrastructures during its airstrike campaign against ISIS.
Union bosses and Petrobras have reached a deal to suspend a two-week national strike campaign.
Aberdeen marine and subsea services firm Imes said yesterday it had won new contracts worth a total of £750,000 from offshore energy clients.
A new mine that could ensure a 50-year supply of a key ingredient of drilling mud used in the North Sea is taking shape.
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7130/4-1 in the Barents Sea.
North Dakota's Industrial Commission (NDIC) has established natural gas capture targets in an effort to reduce the amount of flared gas.
Pareto Securities AS is among banks targeting debt funds and private-equity firms to buy oil rigs at firesale prices to hold until demand for offshore-drilling rebounds, according to people familiar with the matter. Norwegian investment banks are sounding out interest in special-purpose investment vehicles that would buy rigs from distressed companies, mothball them and sell them when the market picks up, said the people, who declined to be identified because the plans are private.
Oil price competition in Europe is set to intensify when Iranian crude returns to the market after sanctions on its nuclear program are lifted, the International Energy Agency said. Europe will be the battleground between producers of sour crude grades, including Russia, Iraq, Saudi Arabia and Iran, as the Asian market becomes more “crowded,” the Paris-based IEA said in its monthly report. Iraq, the second largest oil producer in the Organization of Petroleum Exporting Countries, has increased its market share in Europe after the imposition of sanctions on Tehran resulted in the collapse of Iranian exports, the IEA said. Iraq sold 1 million barrels a day to Europe in July and August, overtaking Saudi Arabia, according to the IEA.
US crude oil imports have been declining since 2005, although crude oil imports from Canada have been increasing.