Oil contractor's shares are Europe's biggest fallers after it slashed its guidance and axed 8,800 jobs as part of a restructuring plan.» Read More
Norway's largest energy company is cutting costs the hard way rather than scaling back production activity, Statoil CEO Eldar Saetre tells CNBC.
Tehran officials are in Beijing this week to seek more oil sales, in a move that could pressure the U.S. to sign off on a sanction-lifting deal.
Oil producers across the country face headwinds, but majors have stressed the sanctity of the dividend, Stewart Glickman tells CNBC.
Several big oil companies are expected to pay more in dividends than they will earn in 2015. Can the stocks really maintain these fat yields?
Egypt's attempt to bring money back to the country has been met with relative success, according to its new political leadership.
European equities closed slightly higher Friday, as the oil and gas sector took another hit from tumbling oil prices.
Italy's Eni cuts dividend and suspends buybacks - becoming the first oil major to reduce payouts amid a steep oil price decline.
European equities closed flat on Thursday, as investors reacted to earnings and banking news.
US crude closed oil nearly 3 percent, rebounding from falls in the previous session as more energy firms cut investments and the dollar weakened.
OPEC's secretary general says oil prices will remain around their current levels for around a month before rebounding.
Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom.
Falling oil prices have side-swiped Venezuela's government finances, spurring default concerns, but it isn't clear if contagion effects will emerge.
Oil production is at the highest in a decade in Nigeria, but the surge is not likely to last long.
The head of Iraq's South Oil Company also insists that current developments have not affected and will not affect oil operations in the south.
An oil and gas giant, several banks and Switzerland-based food megacorp Nestle are among more than a dozen financial backers of the Rome event.
Italy proposed new managers for a number of state-backed companies on Monday in a shake-up aimed at breaking with old-style cronyism.
An Italian court has convicted the CEO of Eni to a prison sentence and a ban from holding public office for violating environmental norms.
Tensions between Russia and the West have flared once again—this time over gas supplies, but fund managers say Iran-style sanctions look unlikely.
Companies are preparing to launch unmanned aircraft in the Arctic this summer to aid in energy exploration, climatology research and shipping.
Paolo Scaroni, CEO of ENI, says the company is comfortable growing its dividend and continuing with its share buyback program.