Nigeria’s upstream oil sector is showing strong signs of recovery, with a 66% surge in active oil rigs reflecting renewed investor confidence and the impact of sweeping reforms aimed at revitalising ...

North America's total rig count remained unchanged week on week, according to Baker Hughes' latest North America rotary rig count. North America’s total rig count remained unchanged week on week, ...

A lost owl had to be rescued by helicopter after landing on an oil platform 180 miles out to sea. The short-eared owl was discovered exhausted and disorientated by workers on the North Sea offshore ...

US oil and gas drilling rig activity increased this week with the addition of 7 rigs, bringing the total working rigs to 549. This week’s count, however, is down 38 rigs from the comparable period a ...

As President Trump began his second term, he proclaimed in his inauguration speech that America would "drill, baby, drill," promising a boom in drilling and lower prices at the pump. Nine months in, ...

China, the world’s largest importer of crude oil, has been stockpiling it at a rate of close to 1 million barrels daily since the start of the year. Vortexa: 1.2 billion barrels of crude oil are ...

Crude oil futures posted a sharp weekly decline, pressured by a renewed wave of supply-side concerns and deteriorating demand outlooks. After reaching a seven-week high early in the week, WTI crude ...

ABUJA, Oct 2 (Reuters) - Nigeria has boosted daily crude oil output to between 1.7 million and 1.83 million barrels and the number of active drilling rigs from 31 in January to 50 by July, as reforms ...

LAGOS, Oct 8 (Reuters) - Nigeria has commissioned its first wholly owned Floating Storage and Offloading vessel near its Bonny export terminal, one of the companies which developed it said, as ...

New Delhi: Global energy giant BP Plc plans to invest $3-4 billion in India’s oil and gas exploration & production (E&P) over the next three to four years, along with partners Reliance Industries and ...

Oil has made headlines during this coronavirus crisis, although not for reasons investors want to see. In addition to issues caused by international events, especially those that impede the safe ...

Motorists will have to pay more for petroleum products this week, as fuel retailers on Monday announced another round of hikes to mark the seventh straight week of increases for both diesel and ...