The industry is dealing with an oil glut that's emerged since the outbreak of the coronavirus in China.

A 33-year old from Dundee who decided to switch careers and enter the oil sector has been named as OPITO's 2019 apprentice of the year.

The shipping industry tends to do badly when Chinese demand disappoints, but the outbreak of the coronavirus has done more than just damage the amount of cargo that needs to be transported.

Thailand-headquartered Mermaid Maritime Public Company Limited has incorporated an indirect wholly owned subsidiary in the UK.

Job losses in oil and gas eased in January.

The default implication is that there will be lower economic activity in China and therefore much lower crude consumption.

Multi-client geoscience data provider TGS reported Thursday that it has begun acquisition of a pair of 3D seismic surveys--one in West Texas and the other in Alberta.

Tufan Erginbilgic, the chief executive of BP plc's Downstream segment since 2014, has decided to leave the company at the end of next month.

Canada's month-on-month and year-on-year rig counts are up by double-digit percentages.

Shell plans to drill an appraisal well in the area by the end of 2021.

The UK's Oil and Gas Authority has launched a year-long UK Continental Shelf mediation pilot.

Oil hovered around $50 a barrel in New York on signs a much-touted emergency meeting of OPEC+ ministers probably won't happen after all.

Coronavirus clouded the demand outlook and OPEC awaited Russia's decision on whether to cut production.

The cost increase threatens to be a political liability for the Canadian prime minister.

CGG and Fairfield Geotechnologies will jointly conduct a new multi-client seismic program in the Central Basin Platform of the Permian Basin in West Texas.

This photo shows the Saipem 7000 crane and pipelay vessel. PHOTO SOURCE: Saipem

Jay Swent will be stepping down as CEO and will serve an advisory role over the coming weeks.

Market-watcher says downstream should exert considerable influence on frac spread activity through the first half of 2020.

Zion will purchase the rig for drilling in Israel with immediately available cash.

The link to the Pony Express system will be fed by ARB's 300,000 barrels of crude oil storage at Platteville.