OPEC+ countries must cut 2019 supply growth by 1.5 million barrels per day if they want oil prices back above $70 per barrel next year, according to Rystad Energy.

McDermott International, Inc. will finalize the front-end engineering design (FEED) for the grassroots Davis Refinery in the Bakken formation in North Dakota, project developer Meridian Energy Group, Inc.

Well-Centric, a FrontRow Energy Technology Group company, has announced the acquisition of Simmons Edeco Europe.

Crude oil futures declined Thursday amid ongoing uncertainty regarding what action the “OPEC+” group – Organization of Petroleum Exporting Countries (OPEC) member nations and Russia – will take to bolster the oil market.

The Wolfcamp shale and overlying Bone Spring Formation in the Delaware Basin portion of Texas and New Mexico’s Permian Basin province contain an estimated mean of 46.3 billion barrels (bbl) of continuous (unconventional) oil, according to a new U.S.

The Organization of Petroleum Exporting Countries (OPEC) created a mess.

(Bloomberg) -- Oil retreated after the biggest two-day gain since June as investors grapple with doubts over whether OPEC and its allies will curb production.

A string of deepwater successes in the Stabroek block offshore Guyana recently become longer, with Exxon Mobil Corp.

DEA Deutsche Erdoel AG announced Tuesday that it has signed an agreement to acquire Sierra Oil & Gas.