Political chaos, sanctions and technical mismanagement of the oil industry may have taken a heavy toll on the industry.

ExxonMobil and Shell have canceled the planned sale of their joint UK Southern North Sea gas assets, including the critical Bacton gas terminal, to Viaro Energy after completion conditions were not ...

Companies that already have operations in the country stand to benefit, but those that have profited from a standoff between ...

Oil company shares have climbed while the cost of a barrel of crude has plunged. For some investors, it marked the beginning ...

US oil companies have never stopped investing and operating in Venezuela’s petroleum industry, despite many changes in the ...

TotalEnergies has agreed to sell its 10% non-operated interest in most of the Renaissance JV licenses in Nigeria to local ...

BP Warns of Weak Oil Trading, Flags Up to $5 Billion Impairment in Low-Carbon Division BP warned its oil-trading performance ...

Correction: A previous version of this article incorrectly attributed the comments of Repsol CEO Josu Jon Imaz about company ...

Production has started at Beacon Offshore Energy’s Zephyrus field in the US Gulf, the Houston-based operator announced on ...

The CEOs heaped praise on the president’s actions in Venezuela but made no firm commitments to put money into restoring the ...

Upstream depends on being able to display ads on our services in order to finance our journalism.

BP’s turnaround efforts helped shares to almost tie with Shell PLC as best performer among the top five oil majors last year ...