An oil rig in Bonny Island, Nigeria. Source: Aspin-int.com The Nigeria Labour Congress (NLC) has called on the Federal Government to urgently intervene to prevent further harassment and ...
Oil prices headed lower in Friday dealings, paring their gain for the week, as concerns over the outlook for global energy demand persisted despite the latest round of stimulus measures from China ...
The Caspian Sea, also referred to as the world's "biggest lake", is home to one of the most unusual oil rigs ever seen. Neft Daşları, which translates as “Oil Rocks,” is a maze of oil wells ...
Crude oil prices fell for much of Wednesday morning even as major oil companies rallied. Brent crude recovered midday and was trading close to flat, while a basket of U.S. oil and gas exploration ...
HOUSTON – A late-season hurricane in the Gulf of Mexico could slash U.S. oil production by 4 million barrels, according to researchers. Hurricane Rafael intensified into a Category 2 storm early ...
In the late 1940s, oil workers landed on a tiny island and built a drilling rig and a small house for accommodation. The first exploratory well was drilled in 1949, sending up a fountain of ...
Donald Trump used an active rig and barrels of oil as a backdrop for this July 2020 photo taken in Midland, Texas. (Getty Images) How could the White House race’s outcome shake up the fossil ...
The current consolidation trend amongst E&Ps have companies optimizing operations and capital budgets—and with that comes a drop in rig counts in the U.S. The U.S. rig count has seen a significant ...
Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three highly lucrative years with historic profits. The sector is still ...