U.S. energy firms this week cut the total number of rigs operating for a second week in a row, even as the number of oil rigs ...

A massive offshore oilfield has just been uncovered by China in a high-stakes region of the South China Sea. Early figures ...

Son noted the Block 15-2 contract is a crucial step after the 2022 Law on Oil and Gas took effect, urging contractors to ...

Chevron Corporation targets 6% annual production growth, expands natural gas and power capacity, and secures assets with Hess ...

PetroVietnam and Japanese partners ink a landmark PSC agreement, strengthening strategic energy cooperation and reaffirming ...

U.S. natural gas producers and investment firms are gearing up for more activity in Louisiana's Haynesville shale basin, ...

Using maps, drilling data, and technical explanations, Alexandre Schneiter, the former CEO of Lundin Oil, tried to distance himself from responsibility for war crimes around Block 5A, an oil ...

SANTA FE, N.M. (AP) — The state Legislature has endorsed a bill that would raise royalty rates for new petroleum development on prime pieces of land in New Mexico, on one of the world's most prolific ...

The proposal would increase the top royalty rate for oil and gas development from 20% to 25% on New Mexico's state trust lands with implications for the energy industry in the Permian Basin ...

As recently as last year, then-President Joe Biden banned drilling on 28 million acres of Alaskan federal land and restricted oil development in the NPR-Alaska, which is estimated to hold 895 ...

Shell has reached positive FID on the Gato do Mato development in Block S-M-518 of Santos basin presalt ... designed to produce up to 120,000 b/d of oil. The Gato do Mato FPSO will be moored ...