Oil & Gas Industry News

Companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir - except now they're drilling for oil.

Traders boosted bullish oil bets as geopolitical tensions increased risks to global energy and fuel markets.

Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea.

Rystad Energy revealed that it has revised its U.S.-Iran scenario framework 'following a renewed deterioration in security conditions around the Strait of Hormuz'.

Traders balanced profit-taking against ongoing concerns over disruptions to oil flows through Hormuz.

Ukrainian naval drones hit two large Russia-linked oil tankers in the Black Sea.

Rigzone talks to analysts from Hartree Partners and Energy Aspects.

India has directed ship owners, ship managers and recruitment agencies to stop deploying the country's seafarers on vessels going through the Strait of Hormuz.

The U.S. intensified strikes against Iran overnight.

Oil prices rose as the US intensified strikes on Iran, heightening concerns over Middle East crude supplies despite weaker US fuel demand data.