Shell said on Thursday it was reviewing its business interests in New Zealand as it seeks to streamline its portfolio amid a slump in energy prices.
One of the biggest factors in oil markets next year will be the impact of capital spending cuts on crude production, Tom Petrie said.
A number of drillers saw their stock rise on Tuesday despite oil prices hitting their lowest levels since 2009.
Since oil prices declined to nearly seven-year lows, we take a look at how this drop will affect what consumers pay at the pump.
OPEC's decision to leave its oil production quota unchanged is hammering oil markets, but some experts are skeptical about even lower prices.
After years of strong employment gains that outpaced total private sector growth, the energy sector is now the biggest job cutter of 2015.
Enrollment in petroleum engineering degree programs appears set to fall, raising concerns about a talent drought in future oilfield crews.
Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.
U.S. drillers have mostly weathered OPEC's policy of nonstop pumping. But it's left balance sheets battered.
Dealmaking in America's oil patch has slowed to a trickle, while organized restructurings have ticked up among drillers.
The oilfield services giant announces another round of layoffs amid the global downturn.
Instead of falling off as OPEC hoped, oil production has increased from where it was last year, and the world is still swimming in crude.
U.S. oil producers proved remarkably resilient in the face of an OPEC policy aimed squarely at curtailing American output.
Volatility in the oil markets continue, with prices set to plunge over the holidays, says John Kilduff. Here's why crude could fall to $30 a barrel.
Nymex oil may have a prolonged sideways consolidation between $38 and $48 but charts suggest that, long-term, it has further to fall.
There are great benefits to developing the Arctic's amazing wealth of resources, if done carefully, according to Iceland's president.
The world's largest exporter will keep pumping oil to maintain global market share.
While some might see crude oil falling to $30 or less, I think market sentiment may be starting to change, says Andy Lipow. Here's why.
Hans Jakob Hegge, CFO of Statoil, says his company is still investing in a range of projects despite low oil prices.
Marina Petroleka, head of energy & infrastructure research at BMI Research, says oil companies are adjusting their expectations as a persistent oil surplus will continue to suppress prices.