A combination of weaker oil prices, widespread spending cuts, and ramped-up OPEC crude oil volumes created a ...

OMV Petrom let a rig contract to drill exploration wells in the Black Sea. The wells will be drilled on 1-21 Han-Asparuh block. OMV Petrom has let a rig contract to Noble Corp. for the Globetrotter I ...

WASHINGTON— The Center for Biological Diversity has filed a new legal claim in a lawsuit challenging the Trump administration’s failure to comply with the Endangered Species Act in assessing harm to ...

Petróleo Brasileiro S.A. - Petrobras PBR has begun drilling a new well, 9-BUZ-103D-RJS, in the Buzios Field in Brazil’s prolific Campos Basin. The operation is happening at a water depth of 1,700 ...

A beam of energy hit the slab of rock, which quickly began to glow. Pieces cracked off, sparks ricocheted, and dust whirled ...

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Companies are using advanced technology to drill many miles underground to reach the hot rock below. Their quest is to make ...

If this discovery is ultimately confirmed, the Wolin East deposit could become the largest oil and associated natural gas ...

Chevron closes on its biggest deal yet, several months after it was first announced. Chevron has completed its $53 BILLION ...

Devon Energy remains undervalued, trading at just 8.2x earnings, below its historical average and sector peers. Click here to find out why DVN stock is a Buy.

BP named Albert Manifold as its new chairman Monday, as the British energy giant continues to revamp its board and implement a new strategy in an attempt to boost its share price.

Brazilian oil and gas firm PRIO has secured a preliminary license from the Brazilian Institute of the Environment and Natural ...