US President Donald Trump says now that Nicolas Maduro is gone, more US oil companies will enter Venezuela and spend billions ...

Oil has long been the backbone of Venezuela’s economy. The state-owned oil company PDVSA was once regarded as one of the most ...

With production stalling and oil prices dropping, operators could focus on recovery rates and inventory, analysts say ...

Offshore Production Operator — typical annualized total compensation in USD by experience: Entry $85,000–$115,000; Mid-Career $120,000–$160,000; Senior $170,000–$210,000. These reflect offshore ...

U.S. oil output hit a record 13.84M barrels per day in September. New Mexico, Alaska and Oklahoma drove monthly production gains. Offshore Gulf production reached its highest level since 2020.

Lower oil prices and a focus on shareholder returns are leading US oil companies to drill less, slowing production growth. Efficiency gains have partially offset the decline in drilling activity.

With oil below $60, Permian Basin output stays flat as operators pivot to natural gas for LNG and AI, setting up a potential ...

Shell Offshore Inc. (Shell), a subsidiary of Shell plc, has started oil production at its Whale floating production platform, the company's 14th deep-water development in the Gulf of Mexico. The start ...

The first oil production from a joint U.S.-French corporate venture in the Gulf of America was a welcome indication that President Donald Trump’s agenda to "unleash American energy dominance" is ...

Wyoming oil and gas operators are cheering a BLM announcement last week to delay a Biden-era 1,400% hike on bonding costs.

Russian oil production is facing a significant decline due to global sanctions imposed after the invasion of Ukraine, which have denied Russia access to essential Western technology and equipment ...

First oil production will not happen this year from the Seme shallow-water project in Benin, West Africa, where the operator ...