ExxonMobil Holdings Corp. and Chevron Corp. plowed blowout profits into debt reduction rather than huge buyback increases.

President Donald Trump said the U.S. would hit Iran hard after a recent attack that targeted a military base in Jordan.

Saipem has announced, in statements posted on its website, more than $3 billion worth of contract awards by Eni this month ...

The UK's North Sea Transition Authority announced that the carbon storage industry 'has been given a significant boost' with ...

“Eni will provide access to its supercomputing capabilities through the provision of AI services, with the aim of developing ...

Oil prices dropped yesterday and today as the market rapidly stripped out its Iran war premium, Petros Pantzari, Chief Dealer ...

The U.S. paused an almost two-week run of strikes against Iran for a second night while the Islamic Republic signaled it was ...

Both Brent and West Texas Intermediate oil prices were down on Friday but still on track for notable monthly gains, Naeem Aslam, CIO at Zaye Capital Markets, outlined.

Shipping across the crucial Strait of Hormuz has picked up in recent days despite a continuation of hostilities in the Middle East, with the U.S. claiming its navy escorted some tankers across the ...

The decision forms part of BP's ongoing portfolio review and reflects its disciplined approach to capital allocation - all in service of creating a simpler, stronger and more valuable company'.

Kuwait Petroleum signed a record $16-billion partnership agreement allowing three major North American investors to own ...

Shell reported higher earnings for the second quarter as higher oil prices continued to offset its production losses in the ...