According to a Sept. 23 report from Bloomberg, Total SA, Europe’s third-largest oil producer, is studying expansion in Brazil as part of a plan to reverse falling output by developing new projects.
Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.
Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.
During the period,
Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields,