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

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

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 ...

ABUJA, Nigeria (AP) — The billionaire owner of Africa's largest refinery plans to expand its capacity to 1.4 million barrels per day to meet growing fuel needs in the continent and beyond. Aliko ...

The Dangote Refinery on Sunday announced the expansion of the facility from 650,000 barrels per day to 1.4 million bpd. The President of the Dangote Group, Alhaji Aliko Dangote, made the announcement ...

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 ...

The US has imposed sanctions on Russia's Rosneft and LUKoil, disrupting global energy markets and causing China's state oil giants to pause Russian oil imports. China, a major buyer of Russian oil, ...

The latest U.S. and European Union sanctions targeting two of Russia’s biggest oil producers may succeed in reducing the country’s ability to generate revenue for its war with Ukraine — but they also ...

Oil prices climbed more than 5% on Thursday after the Trump administration unveiled sanctions on two major Russian energy companies in an effort to end the war in Ukraine. West Texas Intermediate ...