The $5 billion project in the Gulf of Mexico is expected to help produce up to 10 billion barrels of oil by the end of this decade. Critics say it could endanger people and marine life.

The Persian Gulf island, targeted by U.S. strikes, is home to Iran’s main oil export terminal. Any disruption could jolt global energy markets.

Kharg Island lies roughly 20 miles off Iran's northern Gulf coast. For decades, it has served as Iran's main oil export ...

California issued more drilling permits, but producers aren’t drilling despite oil prices over $100 per barrel, citing ...

British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late ⁠on ...

President Trump is asserting executive authority to demand California restart controversial offshore oil drilling along its ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. Read more here.

Offshore oil rigs near Santa Barbara, Calif. Shares of Sable Offshore jumped more than 10% in extended trading Friday as the Trump administration evoked a 1950 law to allow the $2.5 billion ...

During a violent North Sea storm, more than 200 men were sheltering on an offshore platform when they heard a sudden metallic bang from deep inside the structure. A hidden fatigue crack in one of the ...

Petrobras PBR, the state-controlled Brazilian oil giant, has extended and secured new contracts with Oceanica Engenharia, a key player in the country’s offshore support industry, in a landmark deal, ...

Welcome, everyone, and thank you for joining us for our fourth quarter and full year 2025 earnings call. On today's call, I will provide a brief summary of our financial results release yesterday, ...