Rebuilding Venezuela’s oil sector would be a long-cycle, capital-intensive process, not a rapid production restart.

By Sheila Dang HOUSTON, Jan 30 (Reuters) - U.S. oil majors Exxon Mobil and Chevron offered investors a few pieces of new ...

NUPRC opens 50 Nigeria oil blocks for bidding in its 2025 licensing round, seeking technically and financially strong firms ...

The NUPRC has opened 50 oil blocks across five basins for the 2025 licensing round, targeting technically strong firms and ...

The Narwhal reports on Canada's carbon capture efforts, discussing the trade-offs between emissions reduction and oil extraction expansion.

The company is focusing on maximising refinery efficiency, scaling biofuels including SAF and deploying digital tools, as it ...

U.S. President Donald Trump has taken the first formal step toward reopening offshore oil and gas leasing off California ...

Nigerian Upstream Petroleum Regulatory Commission prioritises technical and financial capacity, pegs one-off signature ...

Pemex, burdened with significant debt, financial and operational constraints, now faces competition from Venezuelan oil.

GUYANA is emerging as a far more attractive destination for energy investment than neighbouring Venezuela, according to United States (U.S.) politician, Marco ...

Since the enactment of the Petroleum Industry Act (PIA) 2021, the Nigerian oil and gas sector has witnessed transformative growth. It is clearly noticeable in the upstream sector, where thoughtful ...

The dismantling of Sanjeev Gupta's British business empire is accelerating after advisers were hired to find a buyer for a steel production business which supplies oil giants including BP and Shell.