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Despite higher oil prices, spending on oil projects is set to drop below $500 billion in 2026, according to the International Energy Agency's annual World Energy Investment report.
Former BP Plc Chairman Albert Manifold says he was fired without warning or explanation.
Oil futures plunged as traders bet on a possible US-Iran peace deal.
Bo French defeated incumbent Texas Railroad Commissioner Jim Wright in a runoff election for the GOP nomination to sit on the Lone Star State's chief oil regulator.
'I am delighted to welcome Jeff to Noble's Board of Directors', Noble Chairman Charles M. Sledge said.
Rystad Energy described digitalization and Artificial Intelligence in upstream oil and gas as 'a $500 billion opportunity'.
Oil rebounded as renewed US-Iran clashes clouded hopes for a Hormuz deal.
Summer forecasts are pointing to higher than normal temperatures across Asia, while an El Nino weather pattern could make things even hotter.
The U.S. Department of the Interior announced that it generated over $4 billion in total receipts from a Bureau of Land Management oil and gas lease sale in New Mexico and Texas.
BP Plc fired Chairman Albert Manifold just months into the job.
Texas upstream employment increased in April, the Texas Independent Producers and Royalty Owners Association (TIPRO) said.
Naeem Aslam, CIO at Zaye Capital Markets (ZCM), outlined that ZCM sees oil being pulled in two directions.
Alaska has seen a resurgence of oil industry interest.
North America added 21 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
'The government must support our own producers, industries, and workers', OEUK Chief Executive David Whitehouse said.
'On late Saturday, there seemed to have been a breakthrough in the U.S.-Iran war', Gaik June Goh, a senior oil market analyst at Sparta Commodities, said.
Intercontinental Exchange Inc is working with OKX to launch oil futures contracts that never expire.
Energy markets remain volatile as Iran negotiations and supply risks continue.
Oil continues to exert an influence well beyond the energy market itself, Ole Hansen, Saxo Bank's Head of Commodity Strategy, said.
The head of ConocoPhillips said Venezuela's initial steps to attract foreign oil companies that could help revive the nation's production are falling well short.
You can choose to embrace it or ignore it. You can choose to pretend it does not apply to you. But the one thing you likely will not be able to do is work as a pipeline inspector without it after 2018. What is it you ask? It is the American Petroleum Institute Pipeline Inspector Certification; better known as the API 1169. Possibly a thorn in the side for many inspectors but for the industry it is a sure step forward in the right direction; joining the other sectors of oil & gas.
Questions surround the API 1169 exam requirements, purpose, and what individuals need to do in order to properly prepare for the certification that will likely keep them employed in their careers. Training options have been multiplying as the popularity of the API 1169 has hit the mainstream. Inspectors should perform their research and due diligence to adequately make an informed choice when it comes to the training course they attend.