Saudi Arabia to Scale Back on Record Crude Oil Output Levels
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.
After testing a 12-year low, the price of oil simply has to go up.
Federal regulatory challenges to producers will remain even after the Obama Administration moves out of the White House, industry group tells NAPE 2016 audience.
Precision Drilling Corp suspends its dividend payments as the company looks to boost its finances to cope with a 70% fall in oil prices.
Blackstone Group launches a fund to finance the troubled offshore drilling and services sector, the US private equity firm says.