The United States is tightening its grip on a powerful new energy frontier, as ExxonMobil’s deepwater oil operations off the ...

This discovery, accompanied by the first comprehensive map of potential hydrogen reserves, challenges long ... in underground reservoirs, much like oil or natural gas. For years, scientists ...

House GOP seeks restrictions on presidential use of U.S. oil stockpile For the second time this month, House Republicans have advanced a measure to restrict presidential use of the nation's ...

the administration would begin buying back oil to refill the reserves. SPR levels have fallen to just over 400 million barrels, down about 40% from its usual reserve levels and the lowest since 1984.

Below more than a mile (1.6 kilometers) of ocean and three more (4.8 kilometers) of mud and rock, the prize is waiting. At the surface a massive drilling vessel called the Discoverer Enterprise ...

Prime Minister Fumio Kishida declared on Nov. 24 that Japan will release its state oil reserves for the first time ever in a bid to ease the soaring price of crude. It came on the heels of the ...

According to the October 2024 NSAI Independent Report, the certified gross 2C recoverable oil resources in the overall NFB have increased from 791 MMbbls to 917 MMbbls.

The SPR, established in response to the 1970s oil shocks, stores crude oil in underground salt caverns at four sites on the coast of Texas and Louisiana. It provides inventory in an emergency and ...

The country has the largest proven oil reserves in Africa, with crude production forming more than 90% of export revenues. At its peak in 2010, Libya produced 1.8 million barrels of oil per day.