The state's crude oil output has been declining for some time, according to state data. Year-to-date, California has issued five new drilling permits and 2,031 plug and seal permits, according to the ...

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We assume a midcycle EBITDA margin of 70%, ahead of fiscal 2024's 65% actual with unit production costs on trajectory for less than USD 7 per boe once Barossa and Pikka phase 1 commission. Unit ...

The historic Spindletop oil site in Texas offers a model for storing more natural gas underground amid forecasts of surging ...

Valeura Energy is undervalued with $6/Bbl 2P reserves, robust production, and no debt. Learn about its ongoing capex and ...

Drone attacks for a third day on oilfields in Iraq's semi-autonomous Kurdistan region have slashed crude output by 140,000 to 150,000 barrels per day, two energy officials said on Wednesday, as ...

U.K.-based oil firm EnQuest has been awarded a Production Sharing Contract (PSC) for Block C, offshore Brunei, by the ...

CNOOC Ltd chief executive, Zhou Xinhuai, called the discovery a “first-of-its-kind” for China’s offshore sector. He said it sets a strategic precedent for buried hills exploration and deep play ...

A drone attack halted production at the Sarsang oilfield in Iraq’s Kurdistan region on Tuesday only hours before its U.S.

BAGHDAD — An oil field in Iraq 's Dohuk province was set ablaze Tuesday after being struck by a drone. It is the latest in a ...

Lawmakers passed a suite of bills that officials said are crucial to combat losses in the state’s largest oil field.

WASHINGTON (Reuters) -The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily ...