Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast an economic rebound after the coronavirus pandemic.

After one of the most difficult years in the oil industry’s history, crude prices have recovered and major producers are finally generating spare cash. Investors really want to get their hands on it, but most are likely to be disappointed.

Seadrill Limited secured a four-year firm contract with four one-year options, for the West Saturn drillship with Equinor Brazil Energia Ltda for work on the Bacalhau field in Brazil.

Norway's Aker BP posted record first-quarter operating profit and revenue on higher prices and production on Wednesday as the independent oil and gas producer looks to approve several developments this year.

The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER).

EnQuest PLC, an oil and gas production and development company, announced it signed an agreement with Whalsay Energy Holdings Limited to purchase Whalsay’s 100% equity interest in the P1078 license containing the proven Bentley heavy-oil discovery.

Sweden's Lundin Energy has sold to Italian refiner Saras what it said is the world's first oil cargo certified as carbon neutral at the point of production, the two companies said on Monday.

ASCO won an integrated logistics management contract from Total E&P Suriname BV (Total).

Neptune Energy announced that the operator, Eni, said production has started from its Merakes development in the East Sepinggan block offshore Indonesia.

The problem for crude oil market bulls is that every time they think they have built up steam, something comes along to knock the momentum off track.