Russia may have to pay a record $50 billion arbitration ruling after a Dutch court ruled in favor of the former owners of Yukos Oil Co.

North Sea oilfield operators have reduced the frequency of downtime by 19.2 per cent in the year to September 2019, according to the Glacier Production Index.

This rendering shows a 3D model of Meridian's planned Davis Refinery in Belfield, N.D. IMAGE SOURCE: Meridian Energy Group, Inc.

Analysts around the world are slashing demand forecasts for 2020.

Market conditions are still forcing some operators to take drastic measures.

Oil prices have been stubbornly below $55 since the beginning of this year.

The Karoon-operated Marina-1 exploration well will be plugged and abandoned.

Petrofac Emirates has been awarded two contracts by Abu Dhabi National Oil Company worth a total of around $1.65 billion.

Oil snapped the longest run of daily gains this year as investors assessed the demand hit from the coronavirus and stimulus measures being rolled out to cushion its economic impact.

China and others in Asia promised economic stimulus to offset the impact of the coronavirus, buoying the outlook for fuel demand.

Optimism about the LNG industry's prospects has crashed into economics.

President Donald Trump's top energy official said he's confident that Russia won't be able to complete the Nord Stream 2.

HitecVision has announced the establishment of Moreld, a new industrial group based on 20 of the companies in its portfolio which concentrate on the oil and gas industry.

Transocean reported that it has added 10 contracts since last October.

M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn.

Murphy Oil Corp. has extended its contract for Valaris plc's DS-15 Renaissance drillship in the US Gulf of Mexico.

Enbridge will buy Rio Bravo Pipeline Co. from NextDecade for a cash price not to exceed $25 million.

The miss was due to higher operating costs eating into the company's earnings.

Short-sellers are giving oil a reprieve after the global coronavirus scare led them to double bearish wagers in just two weeks.

Rigzone takes a look at the most valuable soft skills for oil pros in 2020.