The BP Deepwater Horizon spill forced massive job losses and damage to ecosystems and wildlife and nearly put a Gulf boat ...

This isn’t a partisan issue. Polls show that two-thirds of voters, across party lines, support banning new offshore drilling.

Crude oil prices have declined sharply this month, touching a four-year low at one point. Trading volumes in crude futures may be lower than usual in Monday’s session, with some countries ...

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.

Increased production efficiency counteracted a decrease in the number of active oil rigs, resulting in L48 production increasing 3% last year. Unlike in the L48 states, production in Alaska and ...

April 11 (Reuters) - U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services ...

Rigs targeting natural gas increased by 1 unit to 97. Those rigs targeting oil, meanwhile, decreased by 9 to 480. There were 6 rigs considered unclassified, up 1 unit from a week ago. Rigs ...

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 ...