China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra ...

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Petrobras increased its proven oil and gas reserves by 500 million barrels in 2024 and plans to invest $111 billion in exploration and production over the next five years.

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest ...

Texas and the Permian Basin were hardest hit in this week's drilling activity decline as the rig count remains at three-year ...

The number of oil rigs, an indicator of short-term production in the country, fell to 478 for the week ending January 17. The number of US oil rigs fell by 19 compared to one year ago.

Top U.S. oilfield services firms are facing weaker pricing and revenue this year as oil producers become increasingly ...

The number of active rigs drilling for oil and gas in the U.S. fell by 4 to 580 to its lowest level since December 2021, Baker Hughes said.

With the 2025 national budget targeting crude oil production of 2.062 million barrels per day (bpd) at $75 per barrel, the ...

By Mogaji Wole Arisekola If you know Engineer Olugbenga Komolafe, the CEO of the Nigerian Upstream Petroleum Regulatory ...

Tokyo will closely monitor the rollout of new U.S. sanctions on Moscow for any impact on shipments of liquefied natural gas ...

Drilling activity slumped for a second consecutive week, falling to the lowest level since December 2021. Oilfield services ...