The price of US oil has turned negative for the first time in history

Petrofac revealed that the Abu Dhabi National Oil Company (ADNOC) cancelled two contracts for the Dalma Gas Development Project.

Canada has lead the way in support for the hard hit oil and gas industry as it announces 2.5B in aid.

Indonesia's upstream oil and gas regulator SKK Migas has cut its full-year production outlook for the country, its chairman Dwi Soetjipto told reporters on Thursday, after reporting a drop in oil and gas output in the first quarter.

What happens when you give industries that are frequently ostracized for their role in environmental degradation an 'open license to pollute?' 

Norway's oil production fell in March from the previous month, missing official forecasts by 4.4% due to technical problems at some fields, the Norwegian Petroleum Directorate said on Friday.

Despite the historic OPEC+ production cut deal, available oil storage capacity around the world is running thin as global oil demand continues to crumble amid lockdowns and travel restrictions in many countries.

Offshore accommodation specialist Prosafe has informed that its Safe Caledonia rig contract with France's Total would be pushed back by one year.

The authorities have now granted consent to Equinor for a 10-year lifetime extension for the Troll B platform in the North Sea.

Even before the current spate of Saudi-led lunacy in the shape of the oil price war with the two biggest oil producers in the world loomed into view, Kuwait’s 2020/21 budget projected a KWD 9.2 billion (US$30 billion) deficit.