A magnitude 4.5 earthquake was reported in South Texas on Wednesday night, according to the U.S. Geological Survey. The earthquake was centered in far northern Karnes County, about 12 miles ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

OPEC decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting ...

Global upstream M&A activity is expected to slow down in 2025 following a peak driven by US shale consolidation.

Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year ...

Oil and gas producer Hess Corp's fourth-quarter profit surpassed Wall Street expectations on Wednesday, buoyed by higher production volumes in the United States and Guyana.

Production for Q1 2025 is forecasted at 159,000 to 167,000 barrels of oil equivalent per day, reflecting natural declines and planned downtime across onshore and offshore assets. Full-year 2025 ...

Reviving Argentina’s economy has long seemed like flogging a dead horse. But in northern Patagonia lies a resource that just ...

Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.

The rankings also showed that the U.S. shale patch has mastered the art of efficiency gains—fewer rigs in 2024 allowed for an increase in total oil and gas production in America. The Top 50 ...

In a report sent to Rigzone by Standard Chartered Bank Commodities Research Head Paul Horsnell this week, analysts at the bank, including Horsnell, said U.S. tariffs on Canadian oil would likely ...

The total value of US shale sector mergers reached the third ... Full-year mergers and acquisitions in the exploration and production space totalled $105 billion last year, trailing only the ...