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

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.

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 ...

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

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 ...

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

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

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 & ...

A federal lease sale in California for oil and gas development has been announced, despite criticism from state officials ...

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 ...