The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day ...

Feb 4 (Reuters) - Shell (SHEL.L), opens new tab said on Tuesday it has restarted production at the Penguins oil field in the UK North Sea, with a new floating, production, storage and offloading ...

Iraq may raise the maximum production expectation for its giant West Qurna 1 oil field in the next 5 years. The history of the Middle East since the 1990s has been in many aspects been defined by ...

This real-life clash of the titans was once used as a morale booster for Ottoman troops and now draws visitors from all over ...

DUBAI, Jan 20 (Reuters) - Kuwait Oil Company said it has made a discovery "of large commercial volumes of hydrocarbons" at Al-Jlaiaa offshore field estimated at 800 million of medium-density oil ...

Also a late-phase operation, Aker BP plans to produce from Ula until latest 2028, when the field’s production license expires ...

chief executive of the oil field services company Liberty Energy, said in an interview before Mr. Trump tapped him to lead the Energy Department. The industry, Mr. Wright said, is “on a trend ...

Kuwait Oil Company has unveiled a key offshore oil and gas discovery in the Al-Jlaiaa field. The discovery represents the second prominent offshore find made by the Kuwait Petroleum Corporation ...

Chevron expects Kazakhstan's Tengiz oil field, one of the largest of its kind in the world, to produce 1 million barrels of oil equivalent per day.

Mohammed Yassin Hassan, director general of the company, said the new discovery is expected to add more than 2 billion barrels to Iraq's oil reserves, according to a statement by the company. Initial ...

Lower profits at major oil companies could further diminish the appetite to drill more. The dimming outlook for oil prices could lead to capex cuts and lower drilling budgets in 2025 and 2026.