The main areas of Saudi Arabia’s oil reserves include the Ghawar Field (the world’s largest onshore oil field) and the Safaniya Field (the world’s largest offshore oil field). Both of these ...

Oil generated 62 per cent of government revenue last year. Riyadh has not forecast oil revenue this year but in its 2025 budget released in November, it projected a 3.7 per cent fall in total revenue.

Prince Abdulaziz said Jabu oil field has been discovered in Eastern Region, following the flow of Arabian Extra Light Oil in "Jabu-1" well at a rate of 800 barrels per day (bpd), while Sayahid was ...

Norway’s is famously huge. Qatar used its to buy Harrods. How do sovereign wealth funds work? And why isn’t ours as big as Norway’s?

which the landowners hope could lead to the discovery of the state’s next big oil field. If found, petroleum could create well-paying jobs for Yukon watershed residents and generate big dividend ...

Equinor, the Norwegian energy giant, has commenced production at the Johan Castberg oil field in the Barents Sea, marking a milestone in Norway’s northernmost offshore oil development.

Apr. 8—An oil company developing a large field on Alaska's North Slope has reached a deal with ConocoPhillips over the use of roads needed to access that field and other prospects. Santos ...

Crude oil was spewed over an agricultural field some 300 yards south of the pump station. According to reports, no structures or human life was impacted by the spill. "Our primary focus right now ...

Suess says the rupture was reported at 7:44 a.m. Suess says the pipeline was shut down in about two minutes. The oil has been confined to a nearby field. The size and cause of the spill are under ...

MOSCOW, April 8 (Reuters) - A sharp drop in global oil prices triggered by U.S. President Donald Trump's tariffs poses a risk to the Russian economy, the state TASS news agency cited Elvira ...

Gain access to all that Trend has to offer, as well as to premium, licensed content via subscription or direct purchase through a credit card.

LONDON, April 7 (Reuters) - Libya is set to offer 22 areas for oil exploration and development in its first such bidding round in more than 17 years, oil officials said on Monday, adding that ...