After reaching a high of $81/bbl on Jan. 15, the spot price of WTI crude fell sharply in April to below $60/bbl, the lowest ...

JERA Co. Inc. finalized 20-year agreements with US operators, announced from the US Department of Energy headquarters in ...

The well will target layers from the Pliocene-Miocene age in the Vinekh prospect and is expected to find natural gas.

Executives of ConocoPhillips Co., Houston, have reiterated their 2025 production targets even though they’ve trimmed their capital spending budget for the year by $500 ...

Chevron Corp. has started producing oil and natural gas from the Ballymore subsea tieback in the deepwater Mississippi Canyon area of the US Gulf of Mexico, the company said ...

EPA said it will repeal the 2015 Obama-era emissions standards for new fossil fuel-fired power plants and the Biden administration’s 2024 rule for new and existing fossil ...

JEL has discovered multiple conventional oil, condensate, and gas reservoirs within the block following drilling operations conducted in 2021.

The contract extension for one of Angola’s most productive oil assets "marks a major milestone in Angola’s efforts to sustain oil production above one million barrels per ...

Executives of Devon Energy Corp., Oklahoma City, have raised their forecast for 2025 oil production by 1% after a better-than-expected first quarter but said they will cut ...

Permian Resources Corp., Midland, has agreed to acquire northern Delaware basin acreage from APA Corp. in a $608-million bolt-on deal. Through the agreement, the company will ...

ExxonMobil Corp. will invest in developing Nigeria’s Usan deepwater oil field, said the Nigerian Upstream Petroleum Regulatory Commission in a May 6 release. ExxonMobil ...

ExxonMobil drilled 4-mile lateral wells in the Permian basin which extended to 33,000-ft MD. Well completions consisted of ...