OPEC+ will hold a committee meeting this week to assess the status of the oil market and decide on its next steps. For now, the group appears ready to begin unwinding the extraordinary production cuts, which could test the recent price rally.

Libya’s National Oil Corp. declared force majeure on exports again, accusing the United Arab Emirates of being behind a blockade as chaos continued to engulf the country’s oil industry.

Norway's Equinor has made a minor, but potentially commercial, oil discovery in the production license 089 in the North Sea around 160 kilometers west of Florø, Norway.

Saudi Arabia commended Iraq for implementing almost all of its oil production cuts last month, another sign that the disputes over cheating that dominated recent meetings are being resolved.

Petrofac’s Engineering & Production Services (EPS) division in joint venture with Isker

This week’s escalation of American pipeline setbacks is heightening concerns among Canadian oil producers who export almost all of their crude to the U.S.

In the third major blow to oil pipelines in just two days, the U.S. Supreme Court ordered on Monday that construction of the long-delayed and once-resurrected Keystone XL project cannot begin.

Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisors for multi-billion dollar deals transferring key oil and gas pipeline assets into a national energy infrastructure giant, four sources said.

The pandemic is hitting hard economies worldwide, but it is also an opportunity to jumpstart an economic recovery to achieve the net-zero emission ambition of the United Kingdom, according to the Committee on Climate Change (CCC), the UK's top advisory panel on climate change.

Ireland's Kinsale area offshore gas fields in the Celtic Sea have officially ceased production, after more than 40 years online.