Hong Kong-listed CNOOC Limited has commenced production at the first phase of its Kenli 10-2 heavy oil field project, the largest shallow lithological oilfield offshore China. Kenli 10-2 is ...

Oil prices rose on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region.

Drones have attacked oil fields in Iraq's Kurdish region, damaging facilities and halting operations. Kurdish authorities said two drones struck an oil field in Zakho on Wednesday, causing damage ...

Without a major change in the Iranian government, there remains a significant potential for future threats to oil supplies from the various parties involved.

DALLAS--(BUSINESS WIRE)--BP Prudhoe Bay Royalty Trust is marketing its overriding royalty interest (ORRI) in Alaska’s Prudhoe Bay field—the most prolific conventional oil field in North ...

But frackers have no immediate plans to pump more crude. They have wrestled with lower oil prices in recent months and have been steadily shedding oil rigs and sending crews that frack wells home.

Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a vital oil and gas shipping lane.

Texas lawmakers passed a suite of bills that officials said are crucial to combat losses in the state’s largest oil field.

The Texas Legislature passed bills that a sheriff, and oil and gas industry leaders say are crucial to combat oil field thefts in the Permian Basin.

Press Releases EON Resources Inc. Announces EON Energy, LLC Has Agreed to Acquire South Justis Field in the Permian Basin in Lea County, New Mexico with 207 Million Barrels of Original Oil in ...

State transportation officials have shut down the 400-mile road to Alaska’s oil fields due to “a significant flooding event,” washouts and erosion across a broad stretch between mileposts ...