Meanwhile, Ukraine continues to strike Russia’s oil refineries and export ports, while Moscow keeps up its bombardment of ...

Oil companies have offered $279 million for drilling rights in the Gulf of Mexico in the first offshore lease sale in the ...

Vår Energi has confirmed a new oil discovery close to its Goliat field in the Barents Sea, boosting the overall resource potential of the Goliat Ridge and offering potential for tie-back development ...

By end-2025, global proven oil reserves are projected to reach 1,773 billion bbl, up from 2024, based on the preliminary ...