The estimate includes 5.77 billion bbl of oil and 7.15 tcf of natural gas—a 22.6% increase in remaining recoverable reserves, DOI said.

The U.S. Department of the Interior has announced a significant increase of 1.3 billion barrels of oil equivalent in ...

With moves into deeper waters becoming more common as the search for new hydrocarbons continues, the regulatory framework ...

A steep drop in crude oil prices largely due to U.S. President Donald Trump's tariffs will squeeze budgets of emerging market ...

BP BP1.29%increase; green up pointing triangle said it has discovered oil at the U.S. Far South prospect in the Gulf of Mexico at a time when the British energy major is growing upstream ...

bp plc discovered oil at the Far South prospect 120 miles off the coast of Louisiana in deepwater Gulf of Mexico. bp has discovered oil at the Gulf of Mexico Far South prospect 120 miles off ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.4 million barrels ...

Adds ~440 net BOEPD of stable, low-decline production (60% oil and 40% natural gas). Provides enhanced cash flow visibility and strengthens long-term dividend sustainability. Offers low-risk ...

Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials ...

Donald Trump wants to turn the U.S. into an energy fortress, ending its dependence on Canadian oil. He's doomed to fail.