— -- British energy producer BP on Wednesday reported a "giant" oil discovery in the Gulf of Mexico that's likely to spur more excitement about the region's potential. The well, 250 miles ...

A United States-owned oil and gas field was among sites in Iraq's Kurdistan region targeted by drones, raising concerns about attacks from Iran-backed militias in the area, where tensions have spiked.

Institutional oil market forecasts from OPEC, EIA, and IEA are increasingly agenda-driven, leading to unreliable guidance and frequent revisions. IEA now acknowledges accelerating decline rates in ...

Hilcorp Alaska plans to build a new development in a western corner of Prudhoe Bay that will produce 40,000 barrels of oil daily, a company representative said. Project Taiga will start by producing ...

Despite the White House’s “drill, baby, drill” mantra, the business of providing equipment and services for the oil field is hardly booming these days. Now, oil-field service companies are going after ...