U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces more water and gas and less oil - and may be nearing peak output. The ...

The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves ...

Equinor's Johan Castberg oilfield in the Arctic Barents Sea began production on Monday after several delays, and is expected to repay its 86 billion Norwegian crown ($8.14 billion) price tag in less ...

With WTI hovering near breakeven levels and OPEC+ unexpectedly ramping up output, analysts foresee consolidation among ...

ConocoPhillips has pulled the plug on the Salam-Patawali oil project offshore Malaysia as part of a country strategy review that could see the US major moving more towards Malaysia's deepwater plays.

The price of crude oil dropped to its lowest level since 2021 and is down roughly 20% since President Trump announced tariffs ...

Two contractors — Braden Lance and Jeremy Oliver — were hired to take the waste to a disposal facility in LaBarge, Wyo., over ...

Oilfield service providers will face modest hits to earnings from U.S. President Donald Trump's decision to impose tariffs on steel imports, Liberty Energy Chief Executive Ron Gusek said on Thursday.

A volatile pricing environment for commodities, driven by rising trade tensions and strict capital management by upstream energy firms, is diminishing the demand for oilfield services, creating a ...

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BEIJING (Reuters) - The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes, Xinhua news agency reported ...