Imagine standing on the banks of a calm Louisiana lake, birds darting overhead, and a light breeze rippling the water’s ...

U.S. crude oil prices have fallen more than 20% since Trump took office, to below $65 per barrel, making it unprofitable for ...

BP looks like it is now on board with President Trump's "drill baby drill" mantra, saying it aims to increase production of ...

One of Norway's most successful exploration companies has moved rapidly to secure a drilling rig for a new oil prospect to be ...

In the summer of 2010, panic spread across the region when the Deepwater Horizon oil rig exploded​ in the Gulf.

The Gulf of America saw another new oil field take shape off the coast of Louisiana, as the Ballymore field went into ...

OPEC said in its monthly report that the world oil demand will rise by 1.30 million bpd in 2025, down 150,000 bpd from last month’s forecast. The Organization of the Petroleum Exporting ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 2 rig dip in the prior week.

Mehran Mokvandi has said that the country plans to purchase 15 new oil drilling rigs in the calendar year that ends in March 2026 with an investment of $800 million. Mokvandi said that the firm plans ...

Acreage is unknown at this time, more accurate mapping will take place tomorrow. Oil City News will continue to update this developing story as more information becomes available. Multiple agencies ...