The Norwegian-born "Big Wolf" is placing a new wager on offshore drilling.

(Bloomberg) -- John Fredriksen's stake in Seadrill Ltd., once worth more than $5 billion, was virtually wiped out in the oil-market crash.

NEW YORK, July 6 (Reuters) - Corn farmers and biofuels producers cheered the resignation of U.S. Environmental Protection Agency chief Scott Pruitt in the hope that his successor may give them more access and fewer threats to reducing domestic requirements.

MOSCOW, July 5 (Reuters) - The lower house of Russian parliament on Thursday approved in the third and final reading the new, profit-based, taxation for a limited number of oilfields, as part of efforts to boost domestic oil production, the Energy Ministry said.

LONDON, July 5 (Reuters) - U.S. President Donald Trump, who recently called on OPEC producers to help reduce oil prices, has raised prices through his tweets, Iranian OPEC Governor Hossein Kazempour Ardebili was quoted as saying by news agency SHANA on Thursday.

SAO PAULO, July 5 (Reuters) - Italian energy firm Enel SpA has recently hired Rothschild & Co to sell two solar farms and a wind farm in northeastern Brazil, newspaper Valor Economico reported on Thursday.

Most respondents in survey expect some decrease in privatization activity.

More than 60 percent of respondents to a brief survey on Rigzone’s Twitter page anticipate some decrease in Mexico’s energy privatization following the July 1 election of leftist Andrés Manuel López Obrador (AMLO) as the country’s next president.