(Bloomberg) — The OPEC+ coalition will likely hold firm to its oil production plans this week even as the European Union moves to sanction group member Russia, delegates said. Global oil supply and demand levels remain stable, with no severe disruption yet to Russian exports, and thus require little action from the 23-nation alliance...

(Bloomberg) — Iran’s seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from a region that’s a vital source of global energy supplies. On Friday, Iran diverted two Greek tankers, each loaded with about 1 million barrels of oil, into its territorial waters -- an apparent tit-for-tat fo...

Petrofac, a global energy industry services provider, has been selected by i3 Energy to provide well engineering, well operations and well operator services for its UK North Sea license areas. The new three-year contract follows the multi-year provision of well operator and project management services, resulting in the successful delivery of thr...