MOL apologizes after 1,000 tons of oil spilled off Mauritius   A Japanese shipping company giant has apologized after a…

Oil drilling drops to 15-year low, shale in full retreat   Drillers cut exploration in US oil fields to a…

Saudi Aramco’s profit plunges, sees signs of oil market recovery   Saudi state oil group Aramco’s profit plunged 73% in…

Chevron is ordered to inspect its massive $76billion natural gas plant on island off Western Australia after cracks are found…

Rig count resumes decline   After a pause last week, the nation’s rig count resumed its decline to record-setting lows,…

Chevron in talks with Eni to sell stake in Indonesia Deepwater Development: officials   Oil major Chevron is in talks…

ExxonMobil to use Noble Corp drillship for Guyana project   Noble Corp. has announced that ExxonMobil has hired the drillship…

Exxon: 20 Percent Of Global Oil And Gas Reserves May Be Wiped Out   After a grim Q2 season for…

Weatherford does remote installation on Russian offshore platform   Weatherford International announced it has successfully and remotely used a restricted…

The Last Oil Drilling Rig Leaves Venezuela   The last oil rig has officially left the premises. In Venezuela, that…