The US EIA predicts global crude oil prices will decline through 2026 and 2027 due to increased production outpacing demand, ...

Noting uncertainty at this preliminary stage, bp still expressed confidence in the discovery and its plan to begin an appraisal plan by yearend.

Extension of the production sharing contract for the block offshore Vietnam allows access to additional gas discoveries and ...

Board chair Wichterich has taken over on an interim basis. The company also is moving its headquarters to the Houston area.

The platform marks a milestone in the redevelopment of KLL II field. A drilling campaign is expected to begin this year.

The project involves infrastructure upgrades, including pipeline looping and compression capacity, with FERC approval sought by May 2027 to enable the expansion's timely ...

The operator is focused on modest organic growth and plans to cut capex by nearly $600 million versus year while lowering ...

Chevron has let a contract to Subsea 7 SA for subsea installation in the Eastern Mediterranean. Subsea7’s scope includes the transport and installation of about 17 km of subsea flowlines and ...

Vaalco Energy is divesting its Canadian assets to fund growth in core areas with "significant drilling campaigns and ...

Shell's fourth-quarter adjusted earnings declined to $3.3 billion due to weaker oil prices and margins, but the operator ...

Marathon Petroleum posted an increase in year-over-year net income to $4.0 billion, driven by strong refining margins and operational efficiency.. The company plans $1.5 ...

Following a recent MoU with ExxonMobil, TPAO is working to advance its exploration efforts in the Black Sea with the aim of ...