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A record 16 companies have said they will take part in Brazil's scheduled June auction for the right to explore offshore oil blocks in the country's high-potential pre-salt area.
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Shell, Statoil to proceed with eight-well subsea project southeast of New Orleans.
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The Permian shale play is all about setting records. Now, the region will probably become the world's largest oil patch over the next decade.
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Shares of Canadian pipeline operator Enbridge Inc dropped more than 4 percent after a Minnesota judge agreed the Line 3 oil pipeline replacement project was needed, but rejected the company's preferred route.
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Big Data and analytics experts discuss the real challenges the industry faces as it adopts and implements the use of more technology.
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For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers' portfolios alongside the biggest names in corporate America. Not so much any more.
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Lebanon's energy minister said he had asked the country's petroleum authority to start preparing for a second oil and gas offshore licensing round, but did not give a timeline for when it might happen.
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Brazil's Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell PLC for $950 million.
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U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England.
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Algeria launched on a 530 kilometre-long gas pipe to supply Tamanrasset, its biggest southern city, with 700,000 cubic metres per day, the CEO of state firm Sonatrach said.
