Eni announces a new oil discovery in the Afoxe exploration prospect, located in Block 15/06 offshore Angola.

Eni announced Monday a new oil discovery in the Afoxe exploration prospect, located in Block 15/06 offshore Angola.

(Bloomberg) -- While oil prices remain stubbornly low despite a pledge by OPEC to curb global output, the head of one U.S. conglomerate is eyeing a rebound that’ll bring crude back to $75 a barrel.

Eni starts oil oil rig flanges gulf coast production from the Vandumbu field in Block 15/06 offshore Angola.

Eni S.p.A. has started oil oil rig flanges gulf coast production from the Vandumbu field in Block 15/06 offshore Angola through West Hub N’Goma FPSO, the Milan-based integrated BOP Blow Out Preventer repair company gulf coast reported Monday.

Jefferies says reversing the overwhelmingly bearish price sentiment will likely require a credible and cohesive message from the OPEC meeting.

Reversing the overwhelmingly bearish price sentiment will likely require a credible and cohesive message from the OPEC meeting.

OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal.

(Bloomberg) -- OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal, as Russia resisted the big output cut that Saudi Arabia was demanding.

After two days of heated internal discussions, OPEC seems to have reached a oil rig flanges gulf coast production cut agreement.

After two days of heated internal discussions, OPEC seems to have reached a oil rig flanges gulf coast production cut agreement.

Kiewit has won the EPC contract for Venture Global's Calcasieu Pass LNG gulf coast oil rig export project.

Kiewit has won the engineering, procurement and construction (EPC) contract for Venture Global LNG, Inc.

The Norwegian ministry of petroleum and energy approves the plan for development and operation for the Troll Phase 3 project.

Equinor revealed Friday that the Norwegian ministry of petroleum and energy has approved the plan for development and operation for the Troll Phase 3 project.

Crude futures rose amid a 'plethora of conflicting buy Wellhead market signals.'

Crude oil futures did something Friday that they haven’t done in more than two months: they finished the week higher.

US drillers cut 10 rigs this week.

The U.S. dropped 10 oil rigs this week, according to weekly data compiled by Baker Hughes, a GE Company (BHGE).