LG Energy Solution Michigan has unveiled a new facility in Holland Tuesday, becoming the first plant in the United States to ...

China National Offshore Oil Corporation (CNOOC) has commenced production at the Weizhou 5-3 oilfield development project in the Beibu Gulf Basin of the South China Sea. With an average water depth ...

ODESSA — A report from the Texas Oil and Gas Association shows that the state’s energy industry is showing no signs of waning, boasting record levels of crude oil production as the federal ...

As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal ...

Norway’s Johan Castberg oilfield has reached peak production of 220,000 bpd just three months after startup, positioning it as a major long-term contributor to the country’s oil output and ...

(Bloomberg) -- US oil production will likely decline next year, but the scale of the dropoff will be substantially reduced by an old source of new supplies: the Gulf of Mexico. Most Read from ...

U.S. crude-oil production is likely to decline over the next 18 months as producers cut back on drilling activity in response to lower oil prices, the U.S. Energy Information Administration said ...

US oil production will likely decline next year, but the scale of the dropoff will be substantially reduced by an old source of new supplies: the Gulf of Mexico. Producers in the body of water ...

Shares of oil and gas services firm Halliburton (HAL -0.34%) rallied as much as 4.7% on Friday, before settling into a 3.4% gain as of 12:30 p.m. ET. Halliburton is the third-largest oilfield ...

Texas accounted for 42.2% of total U.S. crude oil production and 29.2% of the U.S.-marketed natural gas production between January and May, according to the group’s June 2025 “Monthly Energy ...