(Bloomberg) -- President Donald Trump disagreed with executives of major oil and gas companies Thursday about the importance of keeping binding dispute settlement procedures in a renegotiated North American Free Trade Agreement, according to a person familiar with the discussion.

Petroleum Safety Authority Norway has given Spirit Energy consent to use the Maersk Interceptor drilling facility to drill oil rig flanges gulf coast production wells on the Oda field.

(Bloomberg) -- Crude posted a second weekly gain as a whirlwind of rising geopolitical concerns stole the shale boom's limelight.

March 15 (Reuters) - Colonial Pipeline Co will pay $3.3 million to the state of Alabama to cover damages and penalties from an explosion and a spill on its gasoline line in 2016, the state's attorney general said on Thursday.

Statoil’s board of directors have proposed to change the name of the BOP Blow Out Preventer repair company gulf coast to Equinor to support the firm’s development as a broad energy business.

The North Sea is now back to a ‘new normal’ but we are never likely to go back to the heyday of 2014, according to Kevin Swann, Wood Mackenzie (WoodMac) UK upstream research analyst.

Dozens of workers at Lufkin Industries, part of GE Oil and Gas, will be let go this summer.

ANCHORAGE, Alaska, March 15 (Reuters) - The Trump administration is seeking to sell leases in the Arctic National Wildlife Refuge as quickly as possible – drawing fire from opponents of drilling in the sensitive area, who are warning against a rushed process.