Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) have this week jointly announced tender for they development and operation of the region’s first high-voltage, direct current (HVDC) sub-sea transmission system, that will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid using.

Royal Dutch Shell cut its dividend for the first time since 1945, cutting its payout by two-thirds.

A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in coming weeks at the same time producers are shutting in output as they run out of space to store unwanted supplies.

Norway has announced it will reduce oil output for the second half of 2020

Woodside Petroleum's final investment decision on the $11 billion Scarborough gas project will require stable oil prices and credit ratings, the company's CEO said on Thursday.

The Trump administration may announce as soon as Thursday a plan to offer loans to the ailing oil industry possibly in exchange for a financial stake, according to two people familiar with the matter.

Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage capacity helping it endure in the meantime.

Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic.

Danish offshore drilling company Maersk Drilling has won an 11-month contract extension for its jack-up drilling rig Maersk Intrepid with Equinor in Norway, which will see the drilling firm earn more than $100 million.

Gone are the days when Somalia's Gulf of Aden was considered the most dangerous piracy zone for oil companies and other seafarers.