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February 12, 2016 8:31 am

Saudi Arabia to Scale Back on Record Crude Oil Output Levels

First Phase 2015 Atlantic Margin Licensing Round Awards Announced

Eight companies have been awarded new acreage in the southern Porcupine Basin as part of the 2015 Atlantic Margin Oil and Gas Exploration Licensing Round.

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Maersk CEO: Oil Above $55 Is A Long-Term Inevitability

After testing a 12-year low, the price of oil simply has to go up.

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IPAA: Industry Must Be Willing To Ask Politicians Tough Questions

Federal regulatory challenges to producers will remain even after the Obama Administration moves out of the White House, industry group tells NAPE 2016 audience.

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Rig Contractor Precision Drilling Suspends Dividend

Precision Drilling Corp suspends its dividend payments as the company looks to boost its finances to cope with a 70% fall in oil prices.

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Blackstone Aims New Fund At Troubled Offshore Drilling Market

Blackstone Group launches a fund to finance the troubled offshore drilling and services sector, the US private equity firm says.

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