A Senate panel has suggested that an independent audit by one of the top four global firms could help bring greater financial clarity to oil rig operations involving the Oil and Gas Development ...

Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...

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BISMARCK – North Dakota produced 1.163 million barrels of oil a day or 32.5 million barrels of oil in February, according to the North Dakota Department of Mineral Resources. The February production ...

On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...

BP has shifted its strategy back to oil and gas production under new CEO Murray Auchincloss, aiming for 2.5 million bpd by ...

Crude futures slid after OPEC+ agreed to raise output by 411,000 barrels a day in June, speeding up the gradual return of 2.2 million barrels a day in voluntary production cuts.

Interior said Friday that a rule implemented in 2024 to impose supplemental financial bond requirements on offshore drilling ...

OPEC+'s June hike is part of a broader plan to gradually unwind production curbs totaling 2.2 million barrels a day. Last month, the group stunned the market by announcing an increase of 411,000 ...

Norwegian operator BW Energy has announced a final investment decision for a new US$1.5 billion standalone oilfield ...

U.S. benchmark oil prices (CL.1) fell 18.6% in April - their biggest monthly loss since November 2021 - with some members of OPEC+ set to Saturday, two days earlier than previously planned, according ...

The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year. The number of gas rigs rose by 2 this ...