Siemens, which is seeking investor backing to spin off an energy business, must drive ahead with the planned breakup as it's the best way to refocus and boost the share price, according to its CEO.

Phillips 66 reported Wednesday that its board has named Julie L. Bushman an independent director.

TechnipFMC has signed a contract worth more than $1 billion with Assiut National Oil Processing Co. (ANOPC).

2021 should mark a recovery period for FPSO contract awards, Rystad Energy predicts.

The Montrose Port Authority is seeking to make a number of non-executive board member appointments.

A Petrofac-Isker joint venture has secured a services deal with the North Caspian Operating Company worth around $135 million.

Oil was anchored near $41 a barrel in New York with swelling U.S. crude stockpiles raising fresh concerns about supply.

The U.S. Secretary of Energy Dan Brouillette is travelling to Texas.

An explosion has occurred at the Gbetiokun field in OML 40, the Nigerian National Petroleum Corporation has confirmed.

Oil's rally has hit a ceiling.

Refinery utilization still has a long way to go.

A Libyan paramilitary force charged with safeguarding the nation's oil ports blocked attempts on Wednesday to load a tanker with crude.

The U.S. OFS job count fell 12.3 percent from February to June of this year, based on BLS data.

North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region.

DCP Midstream is teaming up with Kairos Aerospace for a new methane management initiative across its portfolio of natural gas assets.

Odfjell's Deepsea Atlantic semi-sub, above, will return to Johan Sverdrup. Photo by Marit Hommedal. PHOTO SOURCE: Equinor ASA

At least 20 percent of shut-in Canadian production is being restored.

Equinor has discovered gas and condensate in the Norwegian section of the North Sea.

The U.S. Energy Information Administration has raised its Brent and West Texas Intermediate oil price forecasts again.

Oil was anchored below $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles.