OPEC+ ministers on Oct. 12 said shipping and insurance costs now exceed 33% of commodity values, hampering crude oil and petroleum product movement, with disruptions driven by vessel shortages, ...

The election results now have the market more optimistic about some form of settlement as the Democratic victories were, in ...

JPMorgan said the global oil market returned to surplus in September as Middle East exports recovered and demand softened, ...

Oil & Gas Journal starts where other industry publications stop. It delivers more than information; it delivers context, ...

At 410.6 million bbl, US crude oil inventories are 4% below the 5-year average for this time of year, the EIA report ...

The wells will boost production at the Perdido spar and are expected to collectively produce up to 6,000 boe/d at peak rates.

Falling costs on acreage the operator unveiled early this year means “a geologic success is now turning into meaningful value ...

The $50 million move helps offset the outage of a Canada gas plant and builds on drilling work that’s been running ahead of ...

Combined, the winning bids represent $230.1 million in exploration investment and $180.7 million in access bonuses.

Aker Solutions will provide detailed design services for three topsides, four jackets, and a brownfield tie-in for the Maydan ...

The plan will get the company back in its targeted range, CEO John Christmann said, and will include work in Suriname, Alaska, and Uruguay.

Vedanta has partnered with Exceed for integrated support on a planned multi-well exploration campaign at its deepwater KG ...