HOUSTON -- Fugro has been awarded a contract by Esso Exploration and Production Guyana Ltd., an Exxon Mobil affiliate, for survey services at a deepwater field development offshore Guyana. The contract provides for an autonomous underwater...

LONDON (Bloomberg) -- Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG Group Plc to the offer price shows that a further steep drop in oil prices could still put the deal i...

DUBAI (Bloomberg) -- The National Oil Corp. affiliated with the internationally recognized government in eastern Libya said it will sign agreements with six companies to sell the countrys crude oil after a peace deal was signed between riva...

ALGIERS (Bloomberg) -- Algerias state oil producer Sonatrach Group plans to raise crude output by 5% next year and offer energy-exploration rights to foreign companies by the end of March, steps that may add barrels to an oversupplied globa...

MEXICO CITY (Bloomberg) -- The opening of Mexicos oil industry is warming up after a slow start. Mexico awarded all of its 25 onshore fields auctioned Tuesday, defying the six-year low in crude prices that has dogged the worldwide oil indus...

OSLO, Norway (Bloomberg) -- The collapse of oil prices has claimed its first bankruptcy victim in Norways offshore industry, and analysts warn more may follow. Dolphin Group ASA, a seismic surveyor that maps the seabed for oil and gas reser...

WASHINGTON (Bloomberg) -- House Democrats are now open to lifting the 40-year-ban on U.S. crude-oil exports, negotiating with Republicans in hopes of extracting trade-offs in exchange for a top Republican priority, a Democratic leadership a...

WASHINGTON D.C. (Bloomberg) -- Lawmakers in Washington are pushing a tax break for oil refiners as part of a compromise allowing unfettered crude-oil exports for the first time in 40 years. Senator Tom Carper, a Delaware Democrat, proposed...

CHICAGO (Bloomberg) -- Some of the biggest oil explorers in the Western Hemisphere are cutting budgets yet again to conserve cash as a plunge in energy markets shows no signs of abating. ConocoPhillips will reduce capital spending by 25% ne...

DAR ES SALAAM, Tanzania (Bloomberg) -- Statoil ASA is seeking clarification on Tanzanias new petroleum law and wants to learn how it will affect companies like itself already operating in the nation, local commercial manager Oivind Holm Kar...