Just days after exercising a one-well option for Odfjell Drilling's Deepsea Atlantic semi-submersible drilling rig, Norway's oil and gas firm Equinor has exercised another one.

It hasn’t been this cheap for shale explorers to raise money on the high-yield bond market since oil was at $100 a barrel in 2014, so they’re jumping on the opportunity to refinance debt at lower rates.

Saudi Arabia proposed on Monday a series of steps to end the years-long war in Yemen, including a comprehensive cease-fire to begin once Iran-backed Houthi fighters accept the initiative. Yemen’s Houthis appeared to reject the plan.

An upstart driller in Mexico aims to provide 10% of the country’s natural gas needs as it develops prospects south of Texas’s border.

Saudi Arabia started naval exercises in the Persian Gulf to improve its ability to foil “terrorist attacks” on oil facilities, underscoring the kingdom’s concern about a rise in drone and missile strikes claimed by Yemen’s Houthi rebels.

Mexico's government will absorb regular debt payments this year for Petroleos Mexicanos (Pemex), as President Andres Manuel Lopez Obrador intensifies his efforts to prop up the heavily-indebted state-run oil company

Norwegian oil and gas company Equinor, which is working to become a broader energy company, with increasing investments in renewable energy, said Friday its greenhouse emissions in 2020 had dropped compared to 2019.

UAE-based oil and gas company TAQA has awarded Odfjell Drilling a contract for platform drilling & maintenance services on its UK North Sea platforms.

BP Plc is fielding final bids from a handful of junior energy companies for its North Sea assets, according to people familiar with the matter.

Norwegian company Aker Solutions has said it has signed a "sizeable" letter of intent with Dutch offshore services firm Heerema Marine Contractors for the decommissioning and recycling of Norwegian offshore platforms.