U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces ...

Shares of energy companies fell, but not by as much as the broad market, as oil futures hovered near the psychologically significant $70 per barrel level.

A federal judge has ruled that more than 109,000 square miles of Gulf Coast federal were unlawfully opened up for offshore ...

As President Donald Trump enters the first 100 days of his second term, he is once again making his stance on the oil and gas ...

It capped its transformation off last year by acquiring Marathon Oil in a $22.5 billion deal. That purchase added over 2 billion barrels of oil and gas resources with an average cost of supply ...

The same agency, however, reported that global visible inventories fell by about 14 million barrels between end-February and end-December 2024, suggesting a deficit of around 0.24mbpd in ...

“Remember: The Barrel Is Always Half Full.” That’s the message on a huge electronic billboard in Midland, Texas, the capital of the US shale oil revolution. The meaning is clear: Throughout ...

Oil production figures released by the Nigerian Upstream Petroleum Regulatory Commission showed that the country’s crude production fell to approximately 1.47 million barrels per day in February ...

THE price of Nigeria’s Bonny Light crude oil fell by 10.6 per cent to $73.53 per barrel from $84.02 per barrel on January 15th, fuelling fears over achievement of the Federal Government’s ...

Those rising cash returns could help give ConocoPhillips the fuel to produce strong total returns for its investors this year if oil continues to hover around $70 a barrel. Devon Energy has ...