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Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.
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The developer of a grassroots Permian Basin oil refinery has named its overall EPC contractor for the project.
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Halliburton's optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout North America.
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For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor.
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BP's use of data has helped the company cut billions of dollars of costs following oil's recent existential slump.
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Frac spread tracker talks frac pad trends.
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Oman Oil Company Exploration and Production has agreed to sell a 10% stake in Block 61, where the Khazzan field is located, to PC Oman Ventures, a wholly owned subsidiary of Petronas.
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Jacobs Engineering Group agrees to sell its Energy, Chemicals and Resources segment to WorleyParsons Limited for $3.3 billion.
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BP receives approval from the UK's Oil and Gas Authority to proceed with the Alligin development west of Shetland.
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Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi.
