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 ...

Did you know that after the completion of the construction of one of the tallest buildings in the world - the Empire State Building - many people were afraid to get close to it? They believed that a ...

SOFIA, Bulgaria (AP) — Bulgaria is racing to prevent the shutdown of its only oil refinery before U.S. sanctions on the Russian owner take effect later this month. Parliament in Sofia approved legal ...

WASHINGTON — U.S. Treasury Secretary Scott Bessent announced new sanctions Wednesday against Russia's two biggest oil companies and blasted Moscow's refusal to end its "senseless war." ...

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 ...

LONDON, Oct 30 (Reuters) - BP (BP.L), opens new tab said on Thursday the carbon dioxide level in its huge Bumerangue oil and gas discovery in Brazil's offshore Santos basin could be managed. BP in ...

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 ...

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 ...