By John Lee. The Ministry of Oil has confirmed that crude oil extraction and production are continuing at approved levels ...

This essential American industry is involved in the exploration, development, and the production of petroleum or natural gas from wells. It also includes the extraction of crude petroleum from shale ...

At present, oil extraction in the United States sits at record levels of roughly 13.2 million barrels per day. No wonder oil is so expensive. Wait, what’s that you say? U.S. extraction at record ...

It’s fitting that this first column of 2011 takes a look into the crystal ball -- at the energy source that pretty much defines our culture. That we consume oil prodigiously is an understatement. The ...

Rigzone takes a closer look at the Texas Independent Producers & Royalty Owners Association's (TIPRO) latest State of Energy report. Image by Dragon Claws via iStock The industry that paid the highest ...

Fossil fuel companies are experimenting with using carbon dioxide captured from the air in oil extraction to usher in a new era of planet-friendly “net-zero oil” – but the idea is an illusion, ...

Global crude oil production has been unable to recover to its 2018 peak, suggesting that we may have passed the peak oil era. Oil prices are influenced by a complex interplay of factors, including ...

Ecuador has failed to comply with key provisions of an Inter-American Court of Human Rights (IACHR) order to protect the Tagaeri and Taromenane Indigenous peoples from oil facilities in Yasuní ...

What is the price of crude oil today? WTI futures traded at $82.30 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 12.06%. Brent futures traded around $85.45/bbl, a drop of 0.09% in ...

Namibia, once considered a frontier market in the energy sector, is rapidly emerging as a potential oil powerhouse. Recent discoveries in the country's offshore Orange Basin, particularly the Venus ...