The Restauration Venneforening shares highlights from their commemorative Atlantic voyage, retracing the original 1825 journey that marked the beginning of Norwegian emigration to America.

Wood Mackenzie warns of a 2026 oil glut, with oversupply pressuring prices even as long-term demand outlook remains strong, forcing producers into tough investment decisions. Investor pressure for ...

Brazil set a new production record in June 2025, lifting 4.9 million BOE/day, with crude output alone hitting 3.8 million barrels per day. Petrobras plans $111 billion in investments through 2029, ...

Going against conventional wisdom, explorers at a Norwegian energy company drilled horizontally to find oil in an abandoned natural gas field. A model of a giant rig called the DeepSea Stavanger that ...

Imperial Oil Ltd. announced plans on Monday to lay off 20 per cent of the company’s employees by the end of 2027. Imperial Oil had about 5,100 employees as of the end of 2024, according to a ...

Russia has powered its war in Ukraine by keeping its oil flowing. Now, after more than 3½ years of conflict, the gusher is slowly starting to peter out. The toll of the war and Western sanctions have ...

India has once again told the Trump administration that a reduction in its Russial oil imports would require the United States to open the Iranian or Venezuelan taps. India stopped buying Iranian oil ...

Oil wells often dry up far earlier than predicted, leaving companies baffled about the “missing” reserves. A Penn State team tackled this puzzle by harnessing PSC’s Bridges-2 supercomputer, adding a ...

Oil India Ltd has discovered natural gas reserves off the Andaman Islands, the State-owned firm said without putting an estimate of the size of the find. In a statement, OIL said "occurrence of ...

Putting tariffs on Russian oil will make it increasingly expensive for Hungary and Slovakia to maintain their energy ties with Moscow. The European Commission is working on a new proposal to impose ...

Iraq has resumed crude oil exports from the semi-autonomous Kurdistan region to Turkiye after an interim deal broke a two-and-a-half-year deadlock over legal and technical disputes. The resumption ...