At 445.0 million bbl, US crude oil inventories are about 2% below the 5-year average for this time of year, according to EIA.

The two projects add profitable production in licenses with proven reserves and multiple growth opportunities, said Carl Arnet, chief executive officer.

The state-owned company is gradually resuming the unit operations to increase local gasoline and LPG production, aiming for ...

MidOcean Energy attracted a $120 million investment from TAEF, with plans to expand its LNG operations and raise additional capital.

The Falkland Islands-area development is progressing with onshore infrastructure and offshore drilling preparations, while ...

The operator has sanctioned the project aimed at increasing production from Thunder Horse oil field in the Gulf of Mexico.

The US Energy Information Administration projects industrial natural gas consumption will hit new records through 2027, ...

Production follows the 2023 discovery, one of Austria's largest in four decades. Once fully developed, Wittau is expected to double OMV's gas production in the country.

Glenfarne Alaska LNG has signed a 30-year gas sales agreement with ConocoPhillips, supporting the project's first phase and moving the project closer to a final investment ...

Last year, Gulf countries exported nearly 1.5 million b/d of LPG through the Strait of Hormuz. By April, those flows had ...

The Pikka project on Alaska’s North Slope has begun oil production. Initial output is set to increase steadily, reaching a ...

The operator is moving ahead with two projects designed to expand its Permian basin and US Gulf Coast midstream capabilities.