New World Development Co. will issue up to $1.9 billion of new debt in an exchange offer for some of its outstanding notes that includes as much as a 50% haircut for perpetual bond holders.

Third-quarter revenue came in at 418.16 billion Saudi riyals from 416.63 billion Saudi riyal in the same period of the ...

Global commodities prices are on track to fall to their lowest level in six years by 2026, as weaker demand, a widening oil ...

The company, headed by 75-year-old Briton Paul Rankin and his family, provided coverage for hundreds of tankers in the so-called shadow fleet — vessels that conceal their identities and cargo to evade ...

The world needs more investment in oil and gas as they will continue to account for a large part of the global energy mix in 2050, OPEC Secretary General Haitham Al Ghais said on Wednesday, ...

Oil prices have fallen sharply this year as the global supply has remained strong and demand has been slow to grow.

Going against conventional wisdom, explorers at a Norwegian energy company drilled horizontally to find oil in an abandoned natural gas field. A model of a giant rig called the DeepSea Stavanger that ...