Demand and supply dynamics appear favorable for oil and gas companies ... XOM has additional LNG projects under development in Papua New Guinea, Mozambique, and Qatar. Moreover, based on ...

Papua New Guinea's national oil and gas company completed a transaction to acquire from Santos an additional interest in the ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks, energy ...

Should we continue to destroy old oil-industry structures or preserve the thriving coral-reef ecosystems they're supporting?

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

JUNEAU, Alaska (AP) — President-elect Donald Trump promised repeatedly during his campaign to expand oil drilling in the U.S.

The number of oil rigs in the US decreased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil dropped to 478 from 479 on a ...

Oil India Ltd. has started exploration offshore India with the arrival of the Blackford Dolphin deep water semisubmersible rig.

The total U.S. rig count is made up of 479 oil rigs, 102 gas rigs, and four miscellaneous rigs, according to Baker Hughes, which showed that this total comprised 520 horizontal rigs, 49 ...

In the late 1940s, oil workers landed on a tiny island and built a drilling rig and a small house for accommodation. The first exploratory well was drilled in 1949, sending up a fountain of ...