Crude oil production by the 22-member group remained steady in January at 40.63 million barrels per day. Output by the 18 members with quotas grew by 110,000 b/d, putting them 66,000 b/d over their ...

BP has been targeted by activist investor Elliott as the oil giant struggles to work out its approach to net zero and ...

Norway's Equinor has resumed output at its giant Johan Sverdrup oilfield in the North Sea following a power outage and is ...

Equinor on Wednesday raised its 2030 oil and gas output forecast and scaled back plans for renewable energy capacity ...

Shell PLC (SHEL) shares up on resuming production at Penguins field in UK North Sea with new FPSO facility designed for lower emissions and extended lifespan.

A power outage has forced the shutdown of the Johan Sverdrup oilfield, Western Europe's largest, impacting oil production in ...

Penguins redevelopment is part of Shell’s strategy to boost its UK North Sea output to more than 500,000 barrels of oil ...

Equinor's Johan Sverdrup oilfield in the North Sea has suffered a power outage that is estimated to last for some 8 hours, a ...

Global upstream M&A activity is expected to slow down in 2025 following a peak driven by US shale consolidation.

A Scottish court has invalidated Britain's approvals for two major North Sea oil and gas projects, delivering a significant ...

“Within five years, Iraq’s oil production capacity will reach nearly 7 million bpd…Iraq is also working to expand its petroleum products output to totally stop import of such products,” he told an ...

APA Corporation, an energy exploration and production company with a market capitalization of $8.65 billion, has been navigating a complex landscape of operational challenges and strategic ...