WTI and Brent crude oil futures settled higher Friday.

McDermott received a notice Friday from the NYSE stating the average closing price of the company's shares of common stock had dropped below $1 per share for 30 consecutive trading days.

The U.S. adds four oil rigs and drops four gas rigs to flatten the rig count for the week.

Pakistan's Energas plans to start the nation's largest liquefied natural gas import terminal in 2021.

John Suter, SandRidge's chief operating officer, will service as interim president and CEO.

Experts look at what the latest OPEC+ developments mean for the oil price.

Transocean has won a one-year contract offshore Trinidad and Tobago for its Development Driller III semisub.

OneSubsea will provide a subsea production system rated up to 20,000 psi. IMAGE SOURCE: Schlumberger

Saudi Aramco is poised to pay a combined $64 million to the banks that arranged the world's largest initial public offering.

Canadian energy firms have quietly outperformed their U.S. counterparts this year.

The new facility replaces Shell's existing $8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.

Overall global upstream investments will decrease by around four percent in 2020, according to the latest forecast by Rystad Energy.

Oil rose to the highest level in almost three months after U.S. President Donald Trump signed off on a partial trade deal with China.

WTI and Brent crude oil finished higher Thursday, buoyed by reports of progress on the U.S.-China trade front and other factors.

Primus and an undisclosed petchems JV partner commissioned the FEED study.

Genesis Energy is partnering with Murphy E&P and other interest owners to provide downstream transportation services in the Gulf of Mexico.

Global energy projects that need a breakeven oil price of above $60 could become uncommercial in the next decade, according to Rystad Energy.

The company's pumping business lines remain in a structurally disadvantaged position, as they are its most capital-intensive businesses.

The Oklahoma City-based independent is laying off 92 employees amid its merger with Citizen Energy.

Total also announced the FEED for a separate Central GOM project.