Discover the remarkable story of the Petronius oil rig, an engineering marvel situated in the Gulf of Mexico. This video ...

Petrobras likely will delay awarding as many as four drilling contracts for its Buzios ffshore field by at least a few months ...

At the heart of the U.S. shale industry in Texas, oil production is climbing. But you wouldn't know that if you talked to ...

Oil refineries are the backbone of the global energy ecosystem, transforming crude oil into the fuels and petrochemical products that power industries, economies, and everyday life. From early ...

India’s biggest refiner, state-held Indian Oil Corporation Ltd, is preparing to launch in early 2026 a trading joint venture with the world’s biggest independent oil trader, Vitol, to trade crude and ...

A plan to expand oil and gas drilling, including seven areas in the Gulf of America off Florida, has been released by the ...

The total number of active drilling rigs for oil and gas in the United States decreased this week, with oil rigs declining by 65 year over year, while gas rigs increased. Despite the fall in active ...

NEW YORK (Reuters) -U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The ...

The world's biggest oil companies are expected to press ahead with plans to accelerate production growth when they report earnings this week. Image by Olivier Le Moal via iStock The world’s biggest ...

The Trump administration imposed new sanctions on Russian oil companies Lukoil and Rosneft as the talks to end the Russia-Ukraine war have stalled. Photo: Alex Brandon/Associated Press The Trump ...

North America added three rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on October 24. The total U.S. rig count increased by two week on week ...

As efforts continue to hold some of the world’s largest fossil fuel corporations liable for destructive and deadly climate impacts, backlash from the politically powerful oil and gas industry and its ...