In arid West Texas, water seeps and bubbles from old wells, sometimes carrying oil, brackish water or other pollutants to the surface.

Rwanda has revealed that it discovered oil in Lake Kivu, which borders DRC Congo, and it contains about 13 wells The country stated this, saying that there might be the possibility of finding more ...

Kigali — The Rwanda Mines, Petroleum, and Gas Board (RMB) has announced the discovery of 13 oil wells in Lake Kivu, marking a significant step in the country's pursuit of energy resources.

has announced the discovery of 13 oil wells in Lake Kivu, marking a significant step in the country’s pursuit of energy resources. The revelation was shared by RMB’s CEO, Francis Kamanzi, during a ...

NEW YORK (Reuters) -Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short ...

(Bloomberg) -- Oil settled near $79 a barrel — a five-month high — as a fresh wave of US sanctions against Russia’s energy industry threatened to crimp supplies from one of the world’s top ...

Global oil prices are on track to settle at their highest level since August, boosted by the prospect of new sanctions reducing Russian crude exports. Benchmark Brent crude futures rose more than ...

Oilfield services providers carry out basic works required by the global oil and gas industry — everything from building roads and laying pipes to drilling wells and pumping crude. They also ...

Onshore wells typically cost about $30,000 to plug, yet the commission has paid more than 10 times that amount to plug wells that are gushing with contaminated water. The commission, which ...

NEW YORK, Jan 13 (Reuters) - Oil prices climbed about 2% to a four-month high on Monday on expectations ... which is under sanctions as well. Six European Union countries called on the European ...

Downward pressure on oil prices may also resume when focus returns to a relatively stronger dollar. The Dollar Index rose last week ending at 108.92 from the previous week's level of 108.13.