After reaching a high of $81/bbl on Jan. 15, the spot price of WTI crude fell sharply in April to below $60/bbl, the lowest ...

JERA Co. Inc. finalized 20-year agreements with US operators, announced from the US Department of Energy headquarters in ...

The well will target layers from the Pliocene-Miocene age in the Vinekh prospect and is expected to find natural gas.

Executives of ConocoPhillips Co., Houston, have reiterated their 2025 production targets even though they’ve trimmed their capital spending budget for the year by $500 ...

Chevron Corp. has started producing oil and natural gas from the Ballymore subsea tieback in the deepwater Mississippi Canyon area of the US Gulf of Mexico, the company said ...

JEL has discovered multiple conventional oil, condensate, and gas reservoirs within the block following drilling operations conducted in 2021.

EPA said it will repeal the 2015 Obama-era emissions standards for new fossil fuel-fired power plants and the Biden administration’s 2024 rule for new and existing fossil ...

The contract extension for one of Angola’s most productive oil assets "marks a major milestone in Angola’s efforts to sustain oil production above one million barrels per ...

ExxonMobil drilled 4-mile lateral wells in the Permian basin which extended to 33,000-ft MD. Well completions consisted of ...

The oil price is currently defenseless. Seasonal demand in the northern hemisphere summer may obscure the impact for a bit, ...

In addition to providing a background and overview of Northwind’s current operations, this article examines the operator’s ...

Conglin Xu, Managing Editor-Economics, covers worldwide oil and gas market developments and macroeconomic factors, conducts ...