Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

Sir Keir Starmer is facing a growing Labour backlash over the potential approval of a giant new oil field. Labour MPs said the move would mark a "breaking point" and was "absolutely a line in the ...

At Tedium, Ernie Smith writes: Having seen a lot of pipes, wavy lines, and flying toasters in my day, there was a real novelty to the art of screen savers, which became another way to put your visual ...

Everybody in television production has become risk-averse, according to the chairman of Ofcom. Lord Grade, the former chief executive of Channel 4 and chairman of the BBC, lamented the lack of ...

HOUSTON (Reuters) - Top U.S. oilfield services firms are facing weaker pricing and revenue this year as oil producers become increasingly efficient and keep a cap on spending, according to ...

Oil output at Iraq’s giant Rumaila field remains reduced by 300,000 barrels a day after a fire last week, according to an official. The timeline for a full recovery to previous levels of 1.2 ...

The oilfield services industry is expected to shrink by 0.6% in 2025 due to a decline in shale/tight oil and other onshore segments. Inflation, capacity constraints, and geopolitical factors are ...

The company has not made a final decision on whether or not it will go ahead. The Bay du Nord oilfield is roughly 500 kilometres off the coast of St. John's, in waters about 1,170 metres deep ...

Kazakhstan’s largest oilfield, Tengiz, has achieved first oil coming from newly built production and processing facilities, the US Chevron-led operator, Tengizchevroil, confirmed on Friday.

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Chevron (NYSE:CVX) said Friday it achieved first oil from newly built production and processing facilities at Kazakhstan's huge Tengiz oil field, completing a $48B expansion that will bring its ...