Activists trying to stop Shell’s offshore oil drilling in the U.

It is too late for OPEC to stop the shale revolution.

Royal Dutch Shell is considering investing billions in Brazil, set to become a focal point after the planned acquisition of BG Group, even as it prepares to sell huge chunks of its business to pay for the $70 bln deal.

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2015 was 1,118, down 28 from the 1,146 counted in June 2015, and down 264 from the 1,382 counted in July 2014.

Under the second stage of the Production Sharing Agreement of the BP-operated Shah Deniz Project in the Caspian Sea offshore Azerbaijan, Lukoil has signed in Baku a 12-year credit-facility agreement with a consortium of banks to borrow $1 billion.

Oil companies are making the largest cost cuts in a generation to reassure investors.

Chevron's multi-billion dollar west of Shetland Rosebank development appears to be edging closer back to fruition after a contract was awarded for the floating production, storage and offloading (FPSO) vessel turret.

Lundin Petroleum announced Wednesday that it successfully encountered an oil pay zone at its appraisal well 16/1-23 S at the Edvard Grieg field in the Norwegian North Sea.

100 offshore jobs are under threat after an energy firm announced plans to reduce its workforce.

The Nigerian president’s sudden, unexpected and seemingly unilateral decision to ban nearly 100 oil tankers from the country’s waters has sown confusion in the operations of Africa’s largest crude exporter.