Austin Exploration advises that the drilling of the company's deviated exploration well has encountered natural gas in the Pierre formation at its flagship Pathfinder project in Colorado.

U.

US-Russian relations have been dominated by two major trends over the past few years: the vast rise in US oil output and the biggest increase in tensions between the two countries since the cold war over the Ukraine crisis.

A Shell Arctic oil-drilling vessel made its way Thursday under a Portland bridge and out to sea after being stalled for more than 24 hours in the harbour by demonstrators dangling from the St.

Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed.

The last Thursday of July has turned into the Grand National of the FTSE 100 results.

Singapore’s Sembcorp Marine has not received payment from Sete Brasil on drillship projects this year and may slow down the projects if the situation persists, a company executive said on Wednesday.

PSE Seven Heads Limited, the operator of SEL 4/07, and a subsidiary of PSE Kinsale Energy Limited, which is in turn a subsidiary of Malaysia’s Petronas, has started drilling operations on the Midleton prospect in the Celtic Sea, offshore Ireland.

ConocoPhillips, a Houston-based, independent oil and gas company, Thursday reported a second-quarter 2015 net loss of $179 million, compared with second-quarter 2014 earnings of $2.

Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply.