The anticipated upcycle in deepwater drilling has been deferred to 2026 or later due to factors like FPSO lead times, regulatory approvals, and capital discipline.

The number of active rigs drilling for oil and gas in the U.S. rose by 4 to 592 for a fourth consecutive weekly gain, Baker Hughes said.

Occidental CEO Vicki Hollub compared using CO2 in enhanced oil recovery to fracking, the technology that sent U.S. oil and ...

U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy ...

Months before COP30, Brazil's president Lula da Silva seeks the expedited approval of a controversial oil drilling project in ...

Low-carbon future plans frequently overlook strategies to address corresponding supply shortfalls for two key ...

The firm’s cost advantage is underpinned by a long runway of drilling opportunities in low-cost areas. It operates exclusively in the Permian Basin, which is the cheapest source of crude oil in the US ...

Trump goes after regulations on gas stoves, toilets and yes, even paper straws. It took five years to build Hoover Dam, but ...

West Texas Intermediate (WTI) US Crude Oil prices rebounded on Monday despite an overall lack of news during the US session. US markets were largely dark in celebration of President’s Day, keeping ...

Youths from Ogoniland in Rivers State have expressed willingness to accept the proposed resumption of oil production in their ...

CNOOC Ltd has announced that the Buzios7 Project has commenced production safely.