US crude oil production is projected to hit a record this year, driven by increased output from the Permian basin and Gulf of ...

At 424.1 million bbl, US crude oil inventories are the same as the 5-year average for this time of year, the EIA report ...

At the conference, Chevron reiterated its $7-billion investment plan in Venezuela, focusing on the low-cost barrels, while ...

Enbridge said the assets will strengthen connections between Rockies production areas and key refining and market centers.

Shell, QatarEnergy, and Sonangol signed an agreement aimed at evaluating Blocks 8 and 22 offshore Angola, with Shell serving ...

EIA forecasts Brent crude oil spot prices will average about $90/bbl in second-half 2026, $8/bbl higher than projected in its August outlook. Global crude oil prices are expected to remain elevated ...

Enbridge Inc. has appointed Michele Harradence to succeed Greg Ebel as president and chief executive officer, effective Jan. 1, 2027. Harradence, currently executive vice-president, gas distribution ...

The proposed Nash Storage Hub is expected to include up to five salt caverns with a total capacity of about 57 bcf, starting ...

The Papua LNG project is shifting as TotalEnergies hands over operatorship to ExxonMobil and reduces its interest. The ...

The recent surge in oil prices reflects geopolitical tensions, reduced Middle East exports, and a rebound in Chinese crude buying, with market inventories and refining ...

A recent well in the Otway basin encountered a gas-bearing interval in the Waarre C reservoir, with a gross gas zone of at least 60 m and high-quality net pay. Further ...