Norway's oil lobby raised the investment forecast for the country's offshore industry for the coming years.

Var Energi has confirmed that its acquisition of ExxonMobil's upstream business in Norway has completed.

Continental Resources Inc founder and CEO Harold Hamm will step up to the role of executive chairman.

Saudi Aramco jumped for a second day, pushing the oil giant's value beyond the $2 trillion mark.

Oil was steady after falling from the highest close in 12 weeks following an increase in U.S. crude and fuel stockpiles.

Both WTI and Brent crude oil futures edged downward at midweek.

The major called time on the Kitimat LNG project recently, saying it plans to sell its 50 percent stake.

This photo shows the launch of the Suiso Frontier liquefied hydrogen carrier at Kawasaki Heavy's Kobe Works. PHOTO SOURCE: Kawasaki Heavy Industries, Ltd.

The unit, which currently manages $25 billion of its own and external capital, plans to boost that amount to $40 billion.

Stork will build a greenfield liquid bulk storage terminal.

Libya's state energy company approved French oil giant Total SA's acquisition of Marathon Oil Corp.'s assets in the North African country.

Talos Energy has entered into a series of definitive agreements to acquire a portfolio of U.S. Gulf of Mexico assets for $640 million.

The U.S. Energy Information Administration has raised its Brent oil price forecast for the second time in a row.

Saudi Aramco shares surged after the initial public offering, valuing the oil producer at a record $1.88 trillion.

Oil retreated from its highest close in almost three months after an industry report showed American crude inventories expanded last week.

More than half of it is from its Appalachia natural gas assets after a slump in prices.

West Texas Intermediate (WTI) and Brent crude oil edged upward during the second trading day of the week.

This photo shows autonomous underwater vehicles that Ocean Infinity uses to conduct subsea seismic surveys. PHOTO SOURCE: Ocean Infinity

New York initially claimed that former Exxon CEO Rex Tillerson had spearheaded the scheme to dupe investors.

Stephane Biguet will succeed Simon Ayat at Schlumberger.