Rystad Energy slashes its global oil demand growth forecast for 2020 by 25 percent after assessing the impact of the coronavirus.

Oil rallied back above $50 a barrel as investors waited to see whether Russia would accept an OPEC+ plan for production cuts to cope with demand destruction from the coronavirus.

Knutsen NYK Offshore Tankers has won a contract to build two LNG-fueled shuttle tankers for Eni.

OPEC+ needs to balance production with the demand trajectory, which looks down.

Investors and activists want to know just how much appetite he has to take on the existential crisis facing the oil industry.

Knutsen NYK Offshore Tankers has won a contract to build two LNG-fueled shuttle tankers for Eni.

Constellation Oil Services has signed a three-year contract with Petrobras for the Atlantic Star semi-submersible rig.

Results from the La Belleza-1 well on the VIM-1 block are very encouraging.

The company is taking advantage of the dislocation in global LNG markets and securing 10 years of offtake.

No further information surrounding the layoffs was provided.

This photo shows Cortez Subsea personnel preparing equipment for work on a trailblazing offshore Malaysia project. PHOTO SOURCE: Cortez Subsea

Diamond Offshore reported that it has secured a one-year extension for its Ocean Patriot semisub.

Halliburton and Socar AQS have signed a memorandum of understanding to form a new joint venture.

Exxon Mobil Corp. has been scrutinizing employee-travel budgets since the largest North American oil explorer posted its worst quarterly profit in almost four years, said people with knowledge of the matter.

Oil bounced back from a one-year low in New York but the emergence of a glut since the coronavirus outbreak loomed over the market.

Ineos has teamed up with the Mercedes-AMG Petronas Formula One team through a new principal partnership.

This is what will happen to McDermott stock after the company filed for Chapter 11.

Oil fell below $50 a barrel to the lowest level in more than a year.

Any further cost overruns would make Trans Mountain an unattractive M&A candidate for existing Canadian infrastructure companies.

The proposed drawdown would be in addition to about 260 million barrels of congressionally mandated sales through fiscal year 2027.