Brent crude oil grabbed all the attention after spot prices hit $80 a barrel last week. And yet, almost unnoticed, a perhaps more important rally has occurred in the obscure world of forward prices, with some investors betting the "lower for longer" price mantra is all but over.
Glencore Plc is close to a $1 billion deal to buy Chevron Corp.’s southern African assets, potentially scuppering an earlier agreement with China Petroleum & Chemical Corp., according to three people familiar with the matter.
Ghana sees the country’s state-owned gas-station operator as the leading bidder to partner Exxon Mobil for the exploration of crude at an offshore field, according to two people familiar with the matter.
US oil firm Kosmos Energy said today that it would redrill a well off Suriname after encountering "shallow bore hole stability issues" with its first effort.
A scrap metal company that supplied 15 miles of old North Sea pipes for the new Aberdeen Exhibition and Conference Centre (AECC) has called for incentives for the oil and gas industry to increase the amount of reused material from decommissioned assets.
Aberdeen Renewable Energy Group (Areg) is seeking input from its members as it plans, along with other groups across Europe, an international strategy for marine energy.
A Labour frontbencher has called for action on a multibillion pound oil and gas sector deal – and confirmed the party would order an “urgent review” of North Sea taxes if it takes power.
The currencies of some of the world’s top oil producers are set to become intertwined with crude prices once again as the commodity surges to the highest since 2014.
Harbour Energy made a final sweetened bid of $10.9 billion for Santos, claiming support from the Australian oil and gas producer’s biggest shareholders.
Britain's biggest power station is piloting the first bioenergy carbon capture storage (Beccs) project of its type in Europe - a move it says could eventually make it carbon negative.
Ministers have been accused by MPs of risking national security by "turning a blind eye" to the Russian "dirty money" flowing through the City of London.
The booming Permian Basin in West Texas and New Mexico continued to add active drilling rigs this week, but that growth was largely offset by small declines in other parts of the country.