Oil & Gas Industry News

'The challenge is where to concentrate, how to scale, and how to share value when efficiency reduces the activity that many contracts reward', McKinsey representatives said.

'The deal could materially reshape Venezuela's long-term production trajectory', Rystad said.

Oil prices jumped as escalating US-Iran hostilities threatened an already tight global market.

North America dropped five rigs week on week, according to Baker Hughes' latest North America rotary rig count.

SLB announced Monday that it has signed an agreement to acquire Kelvion.

What is the oil and gas impact of the Gulf's Tropical Storm Edouard?

Oil rose sharply as renewed US-Iran fighting heightened concerns about shipping through the Strait of Hormuz.

Goldman Sachs Group Inc. stepped up warnings of tightness in global refining driven by wars in the Middle East and between Moscow and Kyiv.

U.S. President Donald Trump announced that the U.S. has 'entered into an Agreement with the Country of Venezuela on ... THE BIGGEST OIL DEAL IN WORLD HISTORY!'.

'The immediate bullish force is supply-security uncertainty', Naeem Aslam, CIO at Zaye Capital Markets, said.