The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

The largest western oil producers are mostly sticking with their growth plans for now, despite a 16% decline in crude prices ...

By Sheila Dang and Shadia Nasralla HOUSTON/LONDON (Reuters) -Big Oil's first-quarter earnings have shown a clear split in how ...

Global oil markets face a potential deficit as exploration struggles to replace consumed reserves and US shale production is ...

The Gulf of America saw another new oil field take shape off the coast of Louisiana, as the Ballymore field went into ...

play videoEdward Bawa is the Group CEO of GOIL PLC Group CEO of GOIL PLC, Edward Bawa has raised concerns over Ghana's declining oil production, attributing the issue to deep-rooted structural ...

Ohio boasts the first oil well drilled for saleable production. In 1814, Sialis Thora and Robert McKee drilled the Thorla-McKee Well in Noble County. Later, in the 1880s, Ohio experienced its ...

Not long ago, falling oil prices were widely celebrated in the United States ... If economic conditions deteriorate further, investments in energy infrastructure and new production will slow. The same ...

The FPSO is engineered for a minimum production capacity of 250,000 barrels of oil per day and a storage capability of around two million barrels. Once operational later this year, it will push ...

U.S. oil production will peak at 14 million barrels per day in 2027 and maintain that level through the end of the decade, ...

Mitsubishi Heavy Industries (MHI) and Single Buoy Moorings, a subsidiary of shipbuilder SBM, will study the application of CO2 capture modules on oil production tankers and refine it to the point it ...

The comprehensive review added 4.39 billion barrels of oil equivalent in original reserves, BOEM found. “After subtracting production of 3.09 billion barrels of oil equivalent since 2020–2021 ...