The Bureau of Ocean Energy Management offered about 80 million acres in federal waters offshore Texas, Louisiana, Mississippi ...

Phase 1 targets 170 million bbl at a peak production of about 50,000 b/d. First oil is currently planned for 2028.

There is potential for Brent prices to dip into the $45-low $50 range as storage builds accelerate across Asia, the US, and ...

US commercial crude inventories fell to 425.7 million bbl, which is about 4% below the average range for this time of year, ...

Preliminary estimates indicate a discovered volume of 600 bcf of gas in place in the four reservoirs hit by the well. Additional reservoir segments in the prospect area with ...

Despite declining prices, strategic stockpiling by China along with OPEC+ production cuts are expected to limit the extent of ...

An ANN model offers the most accurate and reliable prediction of bubble-point pressure for Rmelan crude oils. For practical ...

By end-2025, global proven oil reserves are projected to reach 1,773 billion bbl, up from 2024, based on the preliminary ...

The ethylene plant’s restart marks a key milestone in the gradual reactivation of RASCO’s Ras Lanuf complex, one of North ...

Alongside presenting major US and European refinery shutdowns either completed or announced during the past year, this ...

The partners will evaluate potential capital investments to expand and diversify the Samref refinery’s existing production ...

Executives now see their operations in the basin generating 2.5 million boe/d and expect the area to generate 60% of the ...