PARIS Schlumberger reported an 88% increase in quarterly profit as rising crudeoilprices encouraged North American operators to ramp up drilling. The companys revenue from North America increased nearly 52% to $2.84 billion. Chairman and CE...

LONDON (Bloomberg) -- Oil rallied above $69/bbl after a surprise drop in U.S. inventories added to signs the market is in balance before a key OPEC meeting. Futures in New York rose as much as 1.2% after gaining 2.9% in the previous session...

OTTAWA(Bloomberg) -- Canadian Prime Minister Justin Trudeau and Alberta Premier Rachel Notley have signaled they could put money behind Kinder Morgans Trans Mountain pipeline expansion as they vow to make sure it gets built. Here are ways t...

LONDON (Bloomberg) -- The worlds biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves as environmental pioneers. Were not going to be sitting back and say lets see what society does and...

HOUSTON (Bloomberg) -- The U.S. wants to fund research targeting better cybersecurity for the nations power grid and the oil and natural gas industry, less than a month after web attacks hobbled electronic communications for several pipelin...

LONDON (Bloomberg) --Oil headed for the biggest weekly advance since July as concern over possible disruption to supply lends weight to signs of a dwindling glut. Futures gained more than 8% this week in New York, buoyed by political tensio...

WELLINGTON (Bloomberg) --New Zealand will stop granting offshore oil and gas exploration permits, saying it is committed to playing its part in tackling climate change. The government is taking an important step to address climate change an...

NEW YORK (Bloomberg) --Crude in London and New York are at the highest levels since 2014 after U.S. President Donald Trump warned Russia to get ready for U.S. missiles to be fired at Syria and Saudi Arabia intercepted a missile over Riyadh....

HOUSTON (Bloomberg) --U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas. Thats the conclusion of Haynes Boon...

PARIS -- Vallourec has announced that it has signed new contracts for the supply of products and services to the Brazilian national oil company Petrobras. In the framework of these three-year long-term agreements Vallourec will supply Petro...