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Sonangol, Maersk Oil and partners strike oil with their first deepwater pre-salt well offshore Angola

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The Azul-1 well, the first to penetrate pre-salt objectives in Angolan deepwater, was drilled in water depths of 923 meters (3,028 feet) and reached a final depth of 5,334 meters (17,500 feet). The result may be a further step towards our goal of building up a significant business in Angola.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. by Dalan McEndree for Oilprice.com.

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Nigeria or Algeria cannot do the same for their oil industry. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. This drives the development of fossil fuels, including coal and shale production, as well as renewables. —Goldthau et al. Big green deal.

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