Equinor EQNR -1.85% and partners Var Energi VAR -0.75% and Inpex Idemitsu Norge will invest over $2 billion to develop the North Sea Fram Sor project. Fram Sor consists of four oil and gas fields ...

But frackers have no immediate plans to pump more crude. They have wrestled with lower oil prices in recent months and have been steadily shedding oil rigs and sending crews that frack wells home.

JPMorgan says there's about a one in five chance that disruptions to oil production in the Persian Gulf send prices spiraling higher.

The UK North Sea could still produce 7.5 billion barrels of oil equivalent oil and gas — almost double government estimates — and contribute to UK energy security by reducing dependence on ...

The UK government is mulling over a change to the law to oil and gas projects in the North Sea in a drive to lower energy bills. Michael Shanks, a minister working under energy secretary Ed ...

The Deepwater Horizon Explosion was one of the most devastating environmental disasters in history, but how did it happen and how was the oil leak stopped?

Turkish state oil company TPAO will sign a gas production-sharing agreement with Azerbaijan's SOCAR and BP for the Shafaq-Asiman offshore block on the Caspian sea, Turkey's energy minister said on ...

The political party Reform UK would support new North Sea development in return for state participation if elected to government in four years’ time, the Financial Times reported on Friday.

Ed Miliband’s retreat from the North Sea is causing “irreversible damage” to Britain’s oil and gas industry, a leading energy producer has warned.

US President Donald Trump criticized the UK’s approach to taxing North Sea oil and gas, saying it discouraged drilling and raised energy prices.

What happens to a decommissioned oil rig depends partly on its location. In the North Sea, for example, companies must completely remove decommissioned infrastructure.

Get a firsthand look at how a Pennsylvania home transformed its energy costs by making the switch to a heat pump.