The contrast can be partly explained by geology. Most Venezuelan oil is considered heavy and sour, meaning it is dense and high in sulfur. Extracting, transporting, and refining this oil is more ...

Driven by recent oil and gas discoveries and a $5.7 billion plan to drill 480 new exploratory wells, Egypt is successfully ...

Harold Hamm, the billionaire wildcatter who helped kick off the US shale oil revolution, is once again making history. This ...

Harold Hamm, the billionaire wildcatter who helped kick off the US shale oil revolution, said he’s about to shut down ...

The oil majors may be balking on Venezuela, but smaller firms see opportunities to cash in. Some are big Trump donors.

Political instability in Iran, a major oil producer, together with US President Donald Trump's recent threats against the ...

Venezuela has the largest share of oil reserves in the world but hasn't been producing or refining it. See the charts.

Trump vows to tap Venezuela’s oil, but political and investment hurdles mean effects on U.S. gas prices will be slow to ...

Exxon Mobil has awarded a contract to Shearwater Geoservices to acquire 3D seismic images over its large deepwater block ...

Resurgent global interest suggests that Nigeria’s oil industry may be emerging from a slump that had seen production drop to a two-decade low in 2022. Yet foreign firms are no longer the main players.

Markets shrugged off Venezuela's oil turmoil but are more anxious about Iran, where unrest or regional escalation could have ...

U.S. officials brokered the sale of hundreds of millions of dollars worth of Venezuelan oil to stabilize the country’s ...