In a release sent to Rigzone recently, the U.S. Bureau of Ocean Energy Management (BOEM) announced the “next steps” for the ...

World markets will be oversupplied by a hefty 1.4 million barrels a day if the group proceeds with plans to revive output ...

According to its December STEO, the EIA now sees the Brent spot price averaging $80.49 per barrel in 2024 and $73.58 per ...

Islamic State in Somalia is headed by Abdulkadir Mumin, who formed the offshoot of Islamic State when he left the ...

A brutal cold snap, on top of concerns that the warm-up after it might not be as warm as previously projected, is giving the ...

Exxon Mobil Corp. will raise capital spending next year as it adds the $60 billion purchase of Pioneer Natural Resources Co.