It's been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each other, and are putting a floor and a cap to a price range of between $50 and $60.
Weatherford International said it plans to sell its U.S. hydraulic fracturing business and its Middle East drilling rig division as it continues to cut jobs worldwide.
TechnipFMC has landed work with Energean Oil & Gas in Israel.
President Donald Trump has said his administration has put Iran “on notice”, echoing comments from his top national security adviser that the US will act against Iran unless it stops testing ballistic missiles.
The Government is being urged to step in and guarantee funding for a new nuclear power station after Japanese giant Toshiba said it was reviewing its investment in overseas nuclear projects.
Households are set for a cost of living crisis in the months ahead as wage growth slows and rising inflation hits spending power, the Bank of England has warned.
AJ Bell Investment director Russ Mould said: “Royal Dutch Shell’s shares were up in early trading despite a fall in earnings.
Falling costs of electric vehicles and solar panels could halt worldwide growth in demand for oil and coal by 2020, a report suggests.
Earlier this month, a deal was announced to further maximize productivity and lower operating costs for one of the world’s leading providers of offshore contract drilling services for oil and gas wells.
GE's annual conference kick-off today.
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GE celebrated receiving a major honour in recognition of its support for the development of a Saudi supply chain ecosystem that serves global markets.
Another year brings another round of orphaned oil and gas wells that need to be plugged by the Railroad Commission of Texas, the agency that regulates oil and gas in the state.
A mental health expert has warned the downturn in the oil and gas industry could lead to more accidents offshore.
OPEC's big drama may well be just a one-act light opera.
Shell is zeroing in on a deal to sell-off its North Sea assets, according to a recent report .
A north-east councillor has made moves to lodge an emergency motion at the next council meeting in an attempt to block business rates increases.
Theresa May will launch her industrial strategy for post-Brexit Britain on Monday with a promise the Government will “step up” and take an active role in backing business.
Ministers should consider banning petrol and diesel vehicles from some parts of Scotland as part of efforts make the country more environmentally friendly by 2030.
The Government is being urged to “radically reshape” the energy market to avoid more job losses in the steel industry.
Martin McGuinness’ successor is due to be named later.
Prime Minister Theresa May is facing calls to come clean over a failed test of the Trident nuclear deterrent, amid claims the Government acted like North Korea in covering up the news.
The Prince of Wales has warned climate change deniers they will “test our world to destruction” unless action is taken to cut pollution and greenhouse gas emissions.
