(Bloomberg) -- Egypt will begin importing natural gas from Israel under a $15 billion deal as early as March if an undersea pipeline connecting the Mediterranean neighbors is found to be in good condition, moving the country closer to its goal of becoming an energy-exporting hub.

Offshore drilling contractors Ensco plc and Rowan Companies plc have agreed to a $12 billion merger, the companies announced Oct.

(Bloomberg) -- Oil slipped to a one-week low amid signs that Iranian supply disruptions may not be as severe as expected.

(Bloomberg) -- Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances.

The world’s second largest economy halted purchases of U.S.

Petrochemicals are becoming the largest drivers of global oil demand, according to a major study by the International Energy Agency (IEA).

While mining employment remained relatively unchanged for the month of September (oil and gas extraction declined by 500 jobs), support activities for mining (which includes oilfield services) gained 6,000 jobs, according to data released Oct.

Saipem has awarded Shawcor Ltd.’s pipe coating division contracts to provide pipe coating services for the Liza phases I and II deepwater development projects offshore Guyana, Shawcor reported Thursday.

The November West Texas Intermediate (WTI) crude oil futures contract price gained a penny Friday, settling at $74.34.