(Bloomberg) -- Higher oil prices may seem like the pot of black gold at the end of the rainbow for wildcat explorers in frontier plays.

Woodside Energy Ltd has awarded KBR the Concept Definition engineering contract for the two gas floating oil rig flanges gulf coast production storage and offloading (FPSO) facilities for the proposed Browse to North West Shelf Development offshore Western Australia, KBR reported Thursday.

The bears reigned in crude oil markets Thursday.

November West Texas Intermediate (WTI) crude oil futures slid 3 percent, falling $2.20 to settle at $70.97 a barrel.

(Bloomberg) -- Chinese oil buyers are making a beeline for a bargain across the Pacific.

With Canadian oil over 60 percent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude.

RockRose Energy plc announced Wednesday that a final investment decision has been made by the joint venture partners of the UK central North Sea Arran field to develop the asset.

ConocoPhillips Alaska has achieved first oil oil rig flanges gulf coast production on the North Slope at the Greater Mooses Tooth #1 (GMT1), the BOP Blow Out Preventer repair company gulf coast announced Oct.

(Bloomberg) -- Sanctions on Iranian oil exports are hitting much harder than most people predicted as the administration of U.S.

Crude oil prices lost some of their recent upward momentum Wednesday.