West Africa focused oil and gas firm Lekoil revealed Thursday that 197 square kilometers of 3D seismic data will be acquired at the Otakikpo Marginal Field in OML 11, onshore and offshore in the south-eastern part of the Niger Delta, to update the existing 2D coverage.

The Norwegian Petroleum Directorate confirmed Thursday that Statoil Petroleum AS has come up dry in well 15/6-14 S, located in the central part of the North Sea.

NEW YORK, Jan 4 (Reuters) - Oil rose on Thursday to its highest since May 2015, on concern about supply risks due to unrest in Iran and another decline in U.S.

(Bloomberg) -- The U.K. Health and Safety Executive is investigating the causes of a crack in a key North Sea oil pipeline that disrupted oil rig flanges gulf coast production at more than 80 fields for weeks.

NEW YORK, Jan 3 (Reuters) - Brazil's state-controlled oil company, Petroleo Brasileiro SA, said Wednesday that it has agreed to pay $2.95 billion to settle a U.S.

Maersk Drilling has been awarded a four year contract for the Maersk Venturer deepwater drillship by Tullow Ghana Ltd.

The contract, which was signed in December 2017, is expected to commence in February and covers development drilling on the Jubilee and TEN fields offshore Ghana.

OSLO, Jan 3 (Reuters) - Seismic surveyor Spectrum's fourth-quarter revenue surge reflects a shift among oil firms towards more exploration, its chief executive told Reuters.

JERUSALEM, Jan 3 (Reuters) - Israel's Oil Refineries (ORL) has received government approval to build a 135 megawatt (MW) natural gas-fueled power station to replace an old coal-fired plant, it said on Wednesday.

(Bloomberg) -- Oil climbed approached $62 a barrel for the first time in three years, surpassing a crucial threshold for spurring new shale drilling.

Wednesday’s 2.1 percent jump in New York-traded futures delivered exactly what the largest cohort of oil executives in a Dallas Federal Reserve survey last month said they needed to justify more shale exploration: prices above $61.