Oil slips below $54 a barrel after a short-lived spike as anxieties about global trade and a supply glut overshadow record gasoline consumption in the U.S.
Chisholm Oil and Gas, LLC and Gastar Exploration LLC have agreed to merge, just five months after Gastar emerged from bankruptcy.
Anadarko Petroleum Corp. has given the final go ahead to begin construction of its Area 1 Mozambique LNG project.
Phillips 66 is weighing whether to build an offshore export terminal in the Gulf of Mexico, a project that would join a growing list of facilities being planned to handle growing shipments of U.S. shale oil.
Houston-based Lime Rock Resources will purchase oil and natural gas properties in Oklahoma from BP America Production Company.
The Government of Canada has approved the Trans Mountain Expansion project.
A rocket attack near an Exxon Mobil Corp. workers’ camp in southern Iraq had no effect on oil fields or exports, according to a person with knowledge of the matter.
Permian oil production is forecasted to hit 4.226 million barrels per day next month.
Oil held its biggest gain in more than five months as the U.S. and China signaled trade talks would resume after a stalemate.
OPEC+ agreed to hold its next meeting to discuss oil-output cuts on the first two days of July.
It is in the interest of both government and energy companies to bring some certainty into their liabilities and ability to pay.
Oil surges to its biggest gain in five months as OPEC and its allies move closer to a meeting to extend supply cuts.
The European Union will examine retaliatory measures against Turkey over its drilling activities in the southeastern Mediterranean.
Edge Gathering Virtual Pipelines 2 LLC, a venture backed by NextEra Energy Inc. is trucking natural gas from the Marcellus Shale to New England.
Russia has immense shale opportunities that it has not yet needed to exploit.
A resurgence of oil theft in Nigeria serves as a reminder that doing business in Africa presents unique security challenges.
An obscure product made by oil refineries has a grim story to tell investors right now about the fortunes of the global economy.
UK-based oil exploration company Hurricane Energy plc sold its first cargo from its Lancaster Field on Tuesday.