A new discovery in the Permian Basin is challenging the narrative that shale oil and gas in the United States is declining.

The Trump administration's plan to capitalize on Venezuelan oil reserves risks undermining US energy security, threatening ...

2023 was a big year for the U.S. oil and natural gas business. The country remained the world’s largest oil producer for the sixth straight year, and a wave of consolidation swept through the industry ...

Annual conventional discoveries have fallen from over 20 billion boe in the early 2010s to about 8 billion boe since 2020.

Overpressure is one of the most important factors for oil and gas charging in petroliferous basins. Research on overpressure evolution and its formation mechanisms is of great significance for ...

The Associate Minister of Energy, Harry Duynhoven, described the arrival of the Ocean Patriot drilling rig as a major vote of confidence in New Zealand's frontier petroleum basins by international ...

Brazilian state energy giant Petrobras (NYSE: PBR) has announced a new oil discovery in the pre-salt Santos Basin, identifying “high-quality oil without contaminants” at the 3-BRSA-1396D-SPS ...

(The Center Square) – Methane emissions from the largest oil- and natural gas-producing basins fell 44% between 2011 and 2013, according to newly published data from the Environmental Protection ...

APA Corp. has agreed to acquire Callon Petroleum in a $4.5-billion deal expected to add scale and short-cycle opportunities in the Permian basin and increase the company’s oil mix. APA Corp., Houston, ...