WASHINGTON (Bloomberg) --Despite Interior Secretary Ryan Zinkes Jan. 9 declaration that Florida is off the table for offshore oil drilling, that activity is actually still on the table. The acting director of the Bureau of Ocean Energy Mana...

LONDON (Bloomberg) --Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback. U.S. futures fell for a second day. Hedge funds increased their...

LONDON (Bloomberg) --Oil slipped from a three-year high amid speculation that a surge in hedge-fund buying had pushed prices up too quickly. U.S. crude futures lost 0.4% while in London Brent retreated from $70/bbl, a level it crossed last...

IRVING, Texas -- ExxonMobil today announced that it encountered hydrocarbons after drilling the onshore Pnyang South-2 well, located in the Western Province of Papua New Guinea. We are currently evaluating the well results and together with...

HOUSTON (Bloomberg) --Less than two weeks in, 2018 is shaping up to be the year of the fracer. The worlds two biggest oilfield service providers, Schlumberger Ltd. and Baker Hughes, are the best performers in the Standard Poors 500 Energy I...

CALGARY -- Simmons Edeco, a leading supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has received the Great International Growth Award...

LONDON (Bloomberg) --Oil extended gains from the highest close in more than three years as U.S. industry data signaled crude stockpiles dropped an eighth week. Futures climbed as much as 1.1% in New York after rising 2.5% the previous two s...

NEW YORK (Bloomberg) --The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the worlds largest oil producer. U.S. output will rise to 10 MMbpd as soon as next month and top 11 million in November 2019,...

WASHINGTON -- API welcomed the Interior Departments new proposal for a five-year offshore oil and natural gas leasing plan to allow greater access to energy resources in the U.S. Outer Continental Shelf, putting the U.S. on the right track...

LONDON (Bloomberg) --Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in U.S. shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps...