Brazil's main oil workers union is considering an open-ended strike in September if a 24-hour walkout scheduled for midnight Thursday fails to stop moves to shrink state-run oil company Petrobras, a senior union official said.

Analysts from Morgan Stanley, who had predicted the 2015 in drop in oil prices to be as steep as in 1986, now say that it may be much worse.

Cuadrilla, a UK-based E&P company, plans to appeal Lancashire County Council’s (LCC) Development Control Committee’s decisions last month to refuse planning consent for two applications for temporary shale gas exploration sites.

Preparedness Analysts with Bureau of Safety and Environmental Enforcement’s (BSEE) Oil Spill Preparedness Division have tested Anadarko Petroleum’s response equipment and readiness in its Gulf of Mexico operations.

Brent crude dropped below $55 a barrel for the first time in more than three months while U.

Petroleos Mexicanos seems to have misplaced 2.

The world's top oil companies are set to report yet another sharp drop in quarterly profits that could force more spending cuts due to a dim outlook for oil prices.

One of the largest oil and gas topsides built this year set sail on July 23 from Burntisland Fabrication’s (BiFab) Methil yard.

Global Marine Systems has secured a contract that will see it provide personnel and equipment that will support the delivery of a submarine fiber optic link between platforms on behalf of client, Subsea 7, a provider of subsea engineering and construction, and end user BP.

Eni SpA, Italy’s largest oil company, is considering selling part or all of its onshore Nigerian operations as it seeks to divest peripheral businesses amid a drop in oil prices, people familiar with the matter said.