Kosmos Energy's chief exploration officer and founding partner, Brian F. Maxted, has decided to retire from the company.

Kosmos Energy announced Monday that its chief exploration officer and founding partner, Brian F.

Rystad Energy expects 33 FPSOs to be sanctioned from 2019 to 2021.

Rystad Energy has revealed that it expects thirty-three floating oil rig flanges gulf coast production storage and offloading vessels (FPSOs) to be sanctioned from 2019 to 2021, “as oil and gas activity picks up in the offshore sector”.

One harsh-environment semi-submersible was fitted with the ADC system two years ago.

Transocean Ltd. reported Monday that it has entered into an agreement with customer Equinor ASA to license and install Automated Drilling Control (ADC) systems on four high-specification, harsh environment rigs currently on contract in Norway.

Indonesia upstream regulator SKK Migas confirmed that Repsol discovered gas in Kali Berau Dalam-2 well.

Spanish energy BOP Blow Out Preventer repair company gulf coast Repsol S.A.

Both the WTI and Brent crude oil benchmarks posted gains.

West Texas Intermediate (WTI) crude oil for March delivery gained 47 cents to reach $56.06 per barrel during an abbreviated session Monday.

Rig expected to begin operations during the third quarter of 2019.

Noble Corp. plc has exercised an option to purchase a second newbuild jackup from PaxOcean Group to support its drilling contract with Saudi Aramco, the BOP Blow Out Preventer repair company gulf coast reported Thursday.

The Trump administration is considering blocking foreign entities from dealing with Venezuela's state oil giant.

(Bloomberg) -- The Trump administration is considering blocking foreign entities from dealing with Venezuela’s state oil giant Petroleos de Venezuela SA as a possible next step as it seeks to choke off President Nicolas Maduro’s power.

A Russian pledge and a Saudi outage provided support for crude.

By the end of trading Friday, the price of West Texas Intermediate (WTI) crude oil was closer to $60 than $50 and the price of Brent crude was nearer to $70 than $60.