US supermajor Chevron has made an unexpected move in Papua New Guinea by making an advance payment for liquefied natural gas ...

Iran is closer to finding a way to circumvent the crucial Strait of Hormuz when it comes to oil exports. The Jask oil terminal, officially opened a few years ago, has seen but limited activity so far.

Republicans may be able to repeal it. By Lisa Friedman and Brad Plumer Oil and gas companies for the first time will face fines for emitting methane, a potent greenhouse gas that leaks from wells ...

New Mexico is already a top oil producer—the second-largest oil-producing US state— generating record revenues from the Permian Basin boom. Additionally, New Mexico has driven the Permian's ...

Saudi Arabia’s revenue from oil exports has slumped to the lowest in more than three years as sluggish demand growth weighs on crude prices. Income from the sale of crude oil and refined ...

A week ago, the US government imposed yet more sanctions on Iran’s oil trade. Crude prices have sagged more than $5 a barrel since. The decline was largely driven by indications that Israel is ...

Israel then invaded southern Lebanon, and the Biden administration urged restraint as the Israeli government reportedly weighed a retaliatory attack on Iran’s oil fields. In sum, the past few ...

Chevron Nigeria Limited, a subsidiary of Chevron Corporation, has announced the discovery of a new oil field estimated to hold 17,000 barrels of oil per day. This discovery comes amidst plans by ...

Prominent elected officials throughout New York State are endorsing a recent report that argues Big Oil should be held legally accountable for the deadly toll of climate change. The memorandum ...

HOUSTON (Reuters) -Top executives of two U.S. energy pipeline operators on Thursday ruled out building new crude oil lines to move volumes out of the Permian shale field in West Texas because of ...

By Stanley Reed Saudi Arabia and seven other oil-producing countries said on Sunday that they would postpone plans to gradually increase oil output until the end of December, according to a news ...

NEW YORK (Reuters) -Oil prices eased about 1% in volatile trade on Thursday on reports the U.S. and Israel will try to restart talks on a possible ceasefire in Gaza. Brent futures settled 58 cents ...