The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...

The oil industry’s worst nightmare came true on July 6, 1988. The Piper Alpha oil platform suffered a catastrophic explosion, ...

Thirty crew members were rescued from the vessel, while one person remains missing, Peru's defence ministry says.

Crude futures slid after OPEC+ agreed to raise output by 411,000 barrels a day in June, speeding up the gradual return of 2.2 million barrels a day in voluntary production cuts.

Interior said Friday that a rule implemented in 2024 to impose supplemental financial bond requirements on offshore drilling ...

LIMA (Reuters) - A Peruvian navy vessel collided with an oil platform operated by Perenco on the Amazon River, killing at least two people, Peru's defense ministry said on Friday.

Most new oil and gas projects in 2024 were located offshore, where spills can be hard to detect. Researchers at the nonprofit ...

LIMA (Reuters) -A Peruvian navy vessel collided with an oil platform operated by Perenco on the Amazon River leaving two people dead and one missing Peru's defense ministry said on Friday.

NEW YORK (AP) — Stocks slipped in afternoon trading on Wall Street Monday and oil prices fell to a four-year low as the OPEC+ ...

This story was originally published by Canada’s National Observer a nd is reproduced here as part of the Climate Desk ...