Oil prices are back in the red after failing to benefit from a 'risk-on' move by investors in a volatile session on Tuesday and overnight.

Transocean Ltd.

The world’s first online information management system for the offshore decommissioning market has been launched by well management and performance improvement specialist, Exceed.

The IKM Group announced Friday that IKM Testing has entered into a purchase agreement to acquire Oceaneering’s Norwegian onsite machining and cutting business.

A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.

As oil prices skyrocketed on Thursday to their biggest daily gain since the aftermath of the financial crisis, the corresponding crude options market remained muted, suggesting most big traders were shrugging off the move as merely a correction in the year-long bear market.

ArcLight Capital Partners, LLC ('ArcLight'), alongside management of North Sea Midstream Partners ('NSMP') have entered into a purchase and sale agreement to acquire the FUKA and SIRGES pipelines and St.

Investors sent a surprising message to U.

Oil and gas service companies have fared better than expected in the first half of the year despite a weak market, thanks to deep-pocketed Middle Eastern customers and stringent cost cuts.

Lower prices should help stimulate oil consumption in advanced economies, restoring some of the demand lost over the last decade, as the cost of crude soared from less than $50 to more than $100 per barrel.