At 424.1 million bbl, US crude oil inventories are 1% above the 5-year average for this time of year, the Energy Information Administration report indicated.

New capacity outside the Middle East offsets some losses, but inventories remain low, raising winter risk concerns.

Pacific Coast Energy Co. has taken over operations to rejuvenate certain oil fields onshore Venezuela with a plan to double production within 6 months.

Executives said the restructuring will lower Chevron's Bakken cost structure while positioning Hess Midstream as an independent multibasin operator.

Vaquero owns a 300-mile pipeline network and a natural gas processing complex with 675 MMcfd capacity in the Texas Permian's southern Delaware basin, with acreage to expand ...

Petrobras has approved a $1.2-billion investment to build a renewables fuel plant at its RPBC refinery in Cubatão. Petróleo Brasileiro SA has taken positive final investment decision (FID) to move ...

The planned CAN$5.7 billion purchase would add about 45,000 boe/d of production, the majority of which will be close to ...

Centalion Group, formerly Gunvor Group Ltd., has acquired upstream and midstream natural gas assets spanning Texas and Louisiana from Silver Hill Energy Partners.

That figure is double the reading from 3 months ago even though slightly fewer executives added to spending in the third ...

The leaders of EOG Resources Inc. have long prided themselves on being among the first big movers in a certain region. Chief operating officer Jeff Leitzel on June 23 told the JPMorgan Energy, Power & ...

With the oil market experiencing elevated prices driven by supply disruptions and geopolitical risks notably in the Middle ...

Azerbaijan's government has authorized Gran Tierra Energy and SOCAR to jointly develop the Guba-Khazaryani onshore project, the next steps of which will involve comprehensive ...