Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.

Oil and gas producer Hess Corp's fourth-quarter profit surpassed Wall Street expectations on Wednesday, buoyed by higher production volumes in the United States and Guyana.

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The country has been hit by a decline in oil prices since 2022 and faces high inflation and a weakening currency. “The first production of shale oil in Kazakhstan is expected this year,” Prime ...

Oil companies cheered Trump’s recent calls for a more streamlined process and a series of energy-related executive orders he ...

A court ruling requires the British government to consider the potential climate impact of the oil and gas produced in the ...

Exxon Mobil, an exception to the trend, plans to sharply increase production from the Permian shale field. Despite US President Donald Trump’s encouragement to increase drilling, US oil and gas ...

Kazakhstan’s daily oil production jumped to a record high of about 2 million barrels of crude on Sunday, following the start-up of an expansion project at the country’s biggest oilfield ...

President Donald Trump is emphasizing that targeting Russia’s oil revenue is the best way to get Moscow to end its nearly ...

The US Energy Information Administration has just published new forecasts for oil production, consumption and prices to the end of 2026 as shown in Figures 1 and 2 below. Clearly, despite the ...

Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless ... week lay out a road map for making it easier ...