Oil-focused hedge fund manager Pierre Andurand said on Thursday that he expected benchmark Brent crude to drop to about $50 a barrel by year-end due to higher production and market volatility.

Venezuela is pushing for a new agreement between OPEC and non-OPEC nations to stabilize oil prices, President Nicolas Maduro said on Friday, in the most serious indication yet of a renewed drive to boost prices back to $100 per barrel.

Dutch Van Aalst group has introduced what the company describes as a new generation of motion compensated gangway systems, under the name of Safeway.

China’s Cosco Guandong shipyard has secured a contract from Sentinel Marine to build a multi-purpose Emergency Response and Rescue Vessel (ERRV).

The United States is fast becoming the major refining hub for the entire western hemisphere as plentiful crude at home and superior efficiency enable U.

Striking workers at Marathon Petroleum Corp's Galveston Bay, Texas, refinery are scheduled to vote on Monday on a new contract proposal hammered out by a federal mediator, company and union officials said on Thursday.

“Oil battle in Seattle”, this is how recent developments surrounding a Shell-operated oil rig and protests over its deployment at the Port of Seattle’s Terminal 5, have been described by KING 5 News.

Oil and gas operators like Hess, ConocoPhillips and Anadarko are increasingly turning to digital oilfield technology as being the key to weathering the current oil price environment and allowing them to emerge with more efficient, streamlined operations.

OMV (Norge) AS, operator of production licence 537, is in the process of concluding the drilling of wildcat well 7324/8-2.

Suncor Energy Norge AS, operator of production licence 375, has completed drilling of appraisal well 34/4-14 S in the oil discovery 34/4-11, in the North Sea.