At 427.5 million bbl, US crude oil inventories are about 3% below the 5-year average for this time of year, the EIA report ...

The company is relinquishing its rights to the license following the conclusion of discussions with the Gambian government ...

Reconnaissance Energy Africa encountered hydrocarbons while drilling a second test well onshore northeast Namibia. A production test will be conducted.

The meeting took place amid renewed US efforts to negotiate a peace agreement between Russia and Ukraine. A successful deal ...

The drilling program is expected to be completed in December 2025. First oil from Teal West is expected in mid-2026.

TotalEnergies will remain operator with 40% participation alongside Chevron (40%) and South Atlantic Petroleum (20%).

In March, bp Trinidad and Tobago sanctioned the gas development project, which at peak, is expected to have capacity to produce 62,000 b/d of oil.

The contract includes a 6-year frame agreement with an extension option for up to two additional 3-year periods. The new contract starts January 2027.

Already under construction, Hawaii Renewables’ proposed plant is designed to produce about 61 million gal/year (3,950 b/d) of ...

Ithaca Energy contracted Subsea 7 for decommissioning services for certain North Sea assets. The work scope includes flushing of subsea pipelines, provision of diver support ...

Oil drove the gain in Canada, with 128 rigs drilling for oil this week. In the US, gas-directed rigs increased by 2 to 127, ...

The deal into an early-stage block in Argentina's Vaca Muerta shale marks Continental Resources’ first operational role ...