At recent conferences, two industry leaders shared differing perspectives on the idea of peak shale production. Share your ...

BOEM proposed to reduce the royalty rate for deepwater leases to 16.66% from the current 18.75%. Rates for leases in shallower waters, however, would increase to 16.66% from ...

At 415.1 million bbl, US crude oil inventories are about 11.1% below the 5-year average for this time of year, the EIA report indicated.

The 20-year agreement increases Chevron’s total contracted volume from Energy Transfer LNG to 3.0 million tpy, following the initial 2.0 million tpy agreement signed in 2024.

The primary exploration target for the well was to prove oil in Upper Cretaceous reservoir rocks in the Nise formation.

Golar LNG's 2.7-million tpy floating LNG plant Gimi reached commercial operations earlier this month, triggering the start of a 20-year lease and operate agreement on the ...