Oil rose after a two-day decline with a selloff in global equities easing and some crude output still shut three weeks after Hurricane Ida hit the U.S. SourceContinue Reading

Russia expects oil output next year to be back near its post-Soviet high as OPEC+ eases production curbs. SourceContinue Reading

Aberdeen-based global well engineering and drilling project management firm Norwell Engineering has won a lucrative contract worth more than $30 million with ONGC, India’s national oil company. SourceContinue Reading

Aquaterra Energy has signed a partnership with renewable hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling to develop an innovative concept for offshore green hydrogen production in the North Sea. SourceContinue Reading

Key Energy Services, Inc. announced the sale of substantially all of its Texas and New Mexico fluid management and saltwater disposal well assets for cash and the assumption by the buyer of the related asset retirement obligations. SourceContinue Reading

Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. SourceContinue Reading

Oil resumed declines amid growing concerns over the health of China’s economy that have triggered massive losses in equities. SourceContinue Reading

Oil pared losses after Royal Dutch Shell Plc. said a critical U.S. Gulf of Mexico oil-production platform will be out of service for the rest of this year. SourceContinue Reading

The collaboration agreement creates a new offering for customers by combining LYTT’s fiber optic data analytics and cloud-based software with Baker Hughes’ completions and well intervention hardware and service expertise. SourceContinue Reading

European gas prices surged more than 10% as Russia is keeping its grip on the market, opting to cap additional flows to the continent. SourceContinue Reading