OPEC+'s June hike is part of a broader plan to gradually unwind production curbs totaling 2.2 million barrels a day. Last month, the group stunned the market by announcing an increase of 411,000 ...

Norwegian operator BW Energy has announced a final investment decision for a new US$1.5 billion standalone oilfield ...

BW Energy makes FID on Maromba field development in Brazil . BW Energy is pleased to announce the final investment decision (FID) for the Maromba development offshore Brazil based ...

U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market.

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the ...