The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore ...

Riley Exploration Permian, Inc. announced its second-quarter 2025 financial and operational results, highlighted by steady performance, $34 million in operating cash flow, and the significant ...

BP has been under ongoing pressure from investors for underperforming compared to its rivals in recent years. In February, BP ...

BP Plc said it made its biggest discovery in 25 years in deep waters off Brazil, a boon for the U.K. oil major as it seeks to ...

The Permian basin is a 250-mile-wide, 300-mile-long sedimentary basin housing the Midland Basin, the Delaware Basin and the Central Basin Platform across West Texas and Southeast New Mexico.

The proposal would increase the top royalty rate for oil and gas development from 20% to 25% on New Mexico's state trust lands with implications for the energy industry in the Permian Basin, which ...

BP has announced a major oil and gas discovery at the Bumerangue prospect in Brazil’s deepwater Santos Basin, marking its ...

MEXICO CITY (Dow Jones Newswires), November 18, 2008 Mexico is preparing 68 new drilling sites at a geologically challenging oil basin that state-run Petroleos Mexicanos hopes will offset ...

Company Successfully Recompletes Five Oil & Gas wellsVANCOUVER, British Columbia, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or ...

Despite BP PLC's massive blowout in the Gulf of Mexico in 2009, the U.S. government has not raised its liability limit from $75-million, though there has been considerable pressure to do so.