The new norm for the oil sector is slashed capital spending, cancelled projects and, in some cases, lowered dividends in an effort to conserve cash.

OPEC has no plans to hold an emergency meeting before its next scheduled gathering in June, two of the organization's delegates said on Tuesday.

Norwegian engineering firm Aibel has won a contract worth 8 billion crowns ($1.

The Scottish oil and gas sector is strongly regarded within the global industry, particularly in the US, new research suggests.

Shale oil producers are throttling back so quickly on drilling that U.

This oil bust may not be so bad.

The Department of the Interior (DOI), acting through the U.

Farstad Shipping ASA has signed a Letter of Intent with Technip regarding utilization of the subsea vessel Far tbn Sleipner (2015, Vard 3 07) which is under construction at Vard Langsten.

Canadian oil company Talisman Energy Inc.

According to the United States Geological Survey, the area above the Arctic Circle holds approximately 90 billion barrels of undiscovered, technically recoverable oil and an estimated 1,670 trillion cubic feet of technically recoverable natural gas.