US oil drillers are finally beginning to buckle.
Saudi Arabia and Russia, the world’s two largest crude producers, agreed to freeze output after talks in Qatar.
OPEC’s production in the month of December fell by 130,000 barrels per day, according to the latest Platts survey.
The Norwegian Petroleum Directorate latest production figures for December 2015 reveal an increase on the previous month.
Bahamas Petroleum Companyaims to begin drilling activity in the Caribbean this year whilst searching for a technical partner to share in the "world class" multi-billion barrel potential of the region.
OPEC raised crude output to the highest in more than three years as it pressed on with a strategy to protect market share and pressure competing producers.
Russian oil output in November hovered near a post-Soviet record set the previous month, shrugging off a crude-price slump before OPEC gathers for its biannual meeting in Vienna.
India's reliance on foreign oil will jump from 80 percent to 90 percent by 2040 and it would lead global energy demand growth, the International Energy Agency said in a report on the world's third largest energy consumer released in New Delhi on Friday.
Oil buyers in Asia are sure of one thing as OPEC prepares to meet: They’ll emerge as winners from the group’s rift over production.
Figures have revealed an increase in oil and gas production in the UK has increased by more than 14% since last year - the highest quarterly increase since 1999. The findings, in the latest edition of Energy Trends by the Department of Energy and Climate Change (DECC), shows indigenous UK production of crude and natural gas liquids was boosted in the second quarter of the year.
Premier Oil said yesterday that oil production had started from the Huntington field in the UK central North Sea.
The most remote part of the Atlantic Frontier, the Falkland Islands, apparently has to potential to become a major new player in the quest for new oil and gas resources.
American companies PanAmerican Geophysical and NanoSeis are joining forces to commercialise the Narrow Beam Scan (NBS) microseismic technique developed by the latter to improve the detectability, spatial mapping, and understanding of the nature of microseismic events during the hydraulic fracturing process.
Portlethen-based Cetco Oilfield Services will unveil new oilfield water-processing technology this week aimed at a multibillion-pound market.
FEARS were raised about the leaking well at Total's stricken Elgin platform four weeks ago, the Press and Journal can reveal today.
North Sea oil production has fallen to its lowest level in more than 30 years, according to figures published yesterday.
Backers of the Vote for City Garden Project campaign have argued Aberdeen's future prosperity is at stake in a local referendum that closes later today.
Aberdeen-based oil explorer Xcite said today it was hoping to float out the rig to be used to drill its North Sea Bentley field as soon as it gets good weather after Monday.
Efforts to restore oil production in Libya are progressing faster than anticipated, according to a report by the International Energy Agency (IEA).
CHEVRON Technology Ventures has launched a demonstration project to test the viability of using solar energy to produce oil.
North Sea oil and gas explorer Ranger Exploration is now trading as North Sea Energy after being taken over.
PREMIER Oil expects to begin oil production from its Chem Sao asset shortly.
FEW readers of Energy will be particularly familiar with the work of the International Energy Agency (IEA).
Production from a Shell platform in the North Sea has been virtually halted for an unknown period after a gas problem in one of its legs.
THE shifting economic climate has created a toxic mix for the North Sea oil and gas industry.