When a Texas oil company first announced controversial plans to reactivate three drilling rigs off the coast of Santa Barbara ...

Brazil’s Petrobras is planning to start drilling in the Foz de Amazonas Basin by the end of the month, Reuters has reported, citing unnamed sources close to the company. The company was currently ...

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand. By Rebecca F. Elliott U.S. oil companies ...

Oil industry executive J. Nelson Wood was close to starting a multimillion-dollar drilling project in Illinois. Then came President Donald Trump’s tariffs. Now, the cost of the pipes he will need for ...

President Trump posted two things on his social media platform this morning: One calling for “everyone” to “keep oil prices down” and another calling on the Department of Energy to “drill, baby, drill ...

Pump jacks are seen at dawn in an oil field over the Monterey Shale formation near Lost Hills, California. David McNew TNS Thanks to electric vehicles, demand for oil has been steadily declining in ...

Somalia’s President Hassan Sheikh Mohamud has announced the launch of the country’s first-ever oil drilling campaign in the coming months, local outlet Shabelle Media Network reported. Mohamud said ...

The plunge in oil prices to four-year lows has seeded doubt as to whether the oil and gas industry will be able to deliver more drilling, as President Donald Trump has sought. Just after 11 a.m., both ...

The court-ordered assessment will examine effects that oil and gas drilling could have on the Cook Inlet’s beluga whales. Federal officials plan to use curtailed environmental reviews to examine an ...