Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...

Shell faces delays on two wells at offshore Perdido development in US Gulf Shell , the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore ...

The planned investment, which will be executed between Q2 2025 and 2027, will focus primarily on revitalising production at the Usan deepwater oil field. The oil major also indicated that a Final ...

The so-called Spindletop gusher, known for triggering the Texas oil boom in 1901, established the state’s leadership of the US oil industry for many decades and launched its enormous ...

Thanks to the nearby oil fields, the refinery helped the region become an early hub for Europe’s oil trade. During World War II, its value was clear– so much so that Allied forces bombed it to ...

Hilcorp has bought out one of the last small independent natural gas operators in the Cook Inlet basin outside of Anchorage — furthering consolidation among the companies that supply urban Alaska with ...

First oil is imminent from a pair of major US Gulf developments, executives at two operators said on Tuesday at the Offshore ...

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In Ecuador, forests have been clear-cut to make way for oil fields. Oil spills and other pollution have contaminated waterways and lands, damaged biodiversity and threatened forests. Between 2005 ...

Optical-fibre sensors have become an indispensable tool in the oil and gas industry, helping engineers to not only locate wells, but also get the most out of them. Finding oil is one of today's ...

Revenue reached $6.84 billion, ahead of the $6.71 billion consensus. Total production averaged 1.39 million barrels of oil equivalent per day (Mboed), in line with guidance. The Permian Basin led ...