Drilling has commenced for a new group of ultra-deep oil and gas wells in the Taklimakan Desert, located in northwest China's Xinjiang Uygur Autonomous Region. This project signifies progress in China ...

BISMARCK, ND ( KXNET) — Oil wells are up in the most recent count from western North Dakota. That was the message in Thursday ...

In many regions of Africa where oil is believed to be present, extensive seismic surveys have pinpointed dozens of hidden ...

Earnings from oil and gas production were $6.28 billion, up from $4.15 billion in the same quarter last year. Production, including from the Permian basin and lucrative projects in Guyana ...

Profits for Exxon Mobil Corp. and Chevron Corp were slammed by slumping fuel margins as the prospect of U.S. tariffs on two major oil suppliers threatens to make the refining business even worse.

The new chief executive of US independent Murphy Oil has emphasised his company's dedication to offshore exploration with plans for 2025 to drill multiple prospects in the US Gulf of Mexico, Ivory ...

Woods has argued that new oil projects in Guyana and the Permian Basin, along with liquefied natural gas investments, have such high margins that they will drive Exxon’s breakeven oil price down ...

Exxon's low production costs in the basin and its lucrative and prolific projects in Guyana have bolstered the company's profits despite lower oil prices and a decline in profits on making fuel.

British Petroleum announced Wednesday a giant oil discovery at its ... nine Gulf of Mexico projects: Atlantis Phase 2, Tubular Bells, Kodiak, Freedom, Kaskida, Isabela, Santa Cruz, Mad Dog ...

The judge, Lord Ericht, banned production at the Jackdaw gas and Rosebank oil projects in the North Sea, operated by Shell and Equinor respectively, after ruling that “the private interest of members ...

The companies say the government is simply seeking to increase its shares in key oil and gas projects in what amounts to "resource nationalism". Kazakhstan's authorities have rejected such ...