A $1.5 billion joint venture between Occidental Petroleum and Ecopetrol, Colombia’s state-run oil company, has been cast in doubt after the two companies agreed to an extension. A day after the ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

“Building on the momentum of 2024, USEDC is entering 2025 with a similar growth mindset, aiming to invest up to $1 billion in U.S.-operated and non-operated oil and gas projects, primarily in the ...

The oil and gas rig count, an early indicator of future output, rose by four to 586 in the week to February 7. Despite this ...

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U.S. drilling activity increased with the Permian Basin leading the surge, as Baker Hughes reports a rise in rig count for ...

Following its $22.5 billion deal to buy Marathon Oil, ConocoPhillips is targeting $2 billion in asset sales— a goal a company ...

Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental ...

Occidental Petroleum deal over environmental concerns, reinforcing his stance against fracking and commitment to clean energy ...

Colombian president Gustavo Petro has ordered the state-run oil company Ecopetrol to cancel a joint venture with U.S.-based ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Texas and the Permian Basin were hardest hit in this week's drilling activity decline as the rig count remains at three-year ...