The agreement covers Junin-5 in the Orinoco Belt, a heavy oil field containing 35 billion bbl of certified oil in place.

Equinor and BW Offshore have formalized the FEED phase for the Bay du Nord offshore project offshore Canada. The operator is ...

US crude oil inventories for the week ended Apr. 24, excluding the Strategic Petroleum Reserve, decreased by 6.2 million bbl from the previous week, according to data from the US Energy Information ...

The recent gas discovery at Sinú-9 adds to Colombia's gas prospects, with infrastructure upgrades expected to support ...

Enbridge Inc. received approval from the Canadian Government for the Sunrise Expansion Program, a $4-billion (Can.) natural gas expansion of Enbridge's Westcoast pipeline system in British Columbia, ...

The North Sea Transition Authority granted approval to Centrica to operate the Rough gas storage site until April 2027, ensuring energy reserves for the UK.

Subject to regulatory approvals, the deal aligns with Petrobras’ strategy to strengthen its position in the Campos basin, ...

The company said the well revealed a stacked gas reservoir system across multiple formations and that it has plans for further testing.

Matador Resources Co., Dallas, has promoted Christopher P. Calvert to executive vice-president and chief financial officer ...

The UAE's departure from OPEC removes a key source of spare capacity from the quota system and raises immediate questions ...

Global crude markets remained firmly supported Apr. 27 as the ongoing Iran conflict and continued disruption in the Strait of ...