At 424.1 million bbl, US crude oil inventories are 1% above the 5-year average for this time of year, the Energy Information Administration report indicated.

The planned CAN$5.7 billion purchase would add about 45,000 boe/d of production, the majority of which will be close to ...

Executives said the restructuring will lower Chevron's Bakken cost structure while positioning Hess Midstream as an independent multibasin operator.

Centalion Group, formerly Gunvor Group Ltd., has acquired upstream and midstream natural gas assets spanning Texas and Louisiana from Silver Hill Energy Partners.

DNV’s new forecast sees the Middle East supplying around 40% of global oil production in 2050, versus 50% in last year’s ...

Vaquero owns a 300-mile pipeline network and a natural gas processing complex with 675 MMcfd capacity in the Texas Permian's southern Delaware basin, with acreage to expand ...

Azerbaijan's government has authorized Gran Tierra Energy and SOCAR to jointly develop the Guba-Khazaryani onshore project, the next steps of which will involve comprehensive ...

Petrobras has approved a $1.2-billion investment to build a renewables fuel plant at its RPBC refinery in Cubatão. Petróleo Brasileiro SA has taken positive final investment decision (FID) to move ...

With the oil market experiencing elevated prices driven by supply disruptions and geopolitical risks notably in the Middle ...

The leaders of EOG Resources Inc. have long prided themselves on being among the first big movers in a certain region. Chief operating officer Jeff Leitzel on June 23 told the JPMorgan Energy, Power & ...

Kimmeridge's latest report reveals that US shale oil producers are struggling to replace reserves despite operational ...

That figure is double the reading from 3 months ago even though slightly fewer executives added to spending in the third ...