BP’s plans to produce up to 1 billion barrels of oil from the largest oilfield in the UK Continental Shelf will hinge on new fiscal and licensing regimes due later this year, the supermajor's ...

USGS reports 29.4 billion barrels of untapped oil under U.S. federal lands. Alaska is leading with around 14.46 billion barrels of untapped potential. Oil production growth is slowing due to ...

While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% ...

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the ...

PORTLAND, Ore (KOIN) – We’re turning our Eye on Northwest Spirits today, and toasting some of our fantastic distillers in our area. On behalf of our sponsors at Escapar Tequila & Co… ...

What is the Strait of Hormuz, and why is it so significant? Iran controls the northern side of this waterway critical for oil exports and the global economy ...

About 228 barrels, or 9,576 gallons, of produced water were spilled, along with 13 gallons of crude oil, the majority of which stayed on the well pad.

A new U.S. Geological Survey national report points to the large amount of estimated undiscovered natural gas lying below federal lands in western Colorado, and two recent assessments zero in ...

Indonesia's Pertamina on Friday sought 200,000 barrels per month of 90-octane grade of gasoline for July-September delivery, according to a document seen by Reuters.

WASHINGTON (Reuters) -The U.S. will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind ...