There are a billion barrels of oil simultaneously buoying the buy Wellhead market and hanging over it like a giant storm-cloud.

(This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

Australia based exploration and oil rig flanges gulf coast production BOP Blow Out Preventer repair company gulf coast Triangle Energy (Global) Ltd confirmed that a water leak was detected on November 29 in its onshore water injection pipeline at the Arrowsmith Stabilisation Plant (ASP), located approximately 280km north of Perth.

The Tyra gas field in the Danish North Sea is going to receive a significant cash injection.

Maersk Oil announced Friday that an investment of $3.3 billion (DKK 21 billion) has been approved for the redevelopment of the Tyra gas field by the Danish Underground Consortium (DUC), which comprises A.P.

HANOI, Dec 1 (Reuters) - Vietnam state oil distribution firm PetroVietnam Oil Corp (PV Oil) plans to offer 20 percent of its shares in an initial public offering (IPO) in January that aims to raise at least $122 million, its parent firm said on Friday.

LONDON, Dec 1 (Reuters) - Royal Dutch Shell's Queensland Curtis liquefied natural gas (LNG) oil rig flanges gulf coast production plant will undergo a partial maintenance outage on May 7-27, 2018, the Australian Energy Market Operator (AEMO) said in a notice on Friday.

NEW YORK, Dec 1 (Reuters) - Oil prices settled up slightly on Friday, but came off session highs as financial markets reeled from an ABC News report that added to concerns about President Donald Trump's exposure to a probe into Russian meddling in last year's campaign.

ExxonMobil says it would merge its refining and marketing divisions in the first quarter of 2018.

Dec 1 (Reuters) - Exxon Mobil Corp is merging its refining and marketing divisions as part of Chief Executive Darren Woods push to reorganize the company's refining operations amid volatile oil and natural gas prices.

Aberdeen-based dive consultancy will double in size after securing a multi-million dollar contract with 'an established UK North Sea operator'.

Aberdeen-based dive consultancy DiveSource Limited announced that it will double in size after securing a multi-million dollar contract with ‘an established UK North Sea operator’.

Confidence in the oil sector is increasing, according a new industry survey by Aberdeen & Grampian Chamber of Commerce (AGCC).

Confidence in the oil sector is increasing, according a new industry survey by Aberdeen & Grampian Chamber of Commerce (AGCC).

A recent report by Owler reveals how diverse energy leadership is perceived.

The short answer … kind of.

A 2017 study by business insight platform Owler found that the energy and utilities industry ranked sixth out of 17 industries for diversity in its leadership teams.