Drilling has become a controversial topic for the Labour party after the 2024 manifesto pledged to not issue new licenses.

America is producing near-record amounts of oil, yet experts told Newsweek that isn't enough to bring gas prices down quickly.

Add Yahoo as a preferred source to see more of our stories on Google. Despite President Donald Trump's calls to "drill, baby, drill," many oil companies operating in the Gulf of Mexico will likely do ...

Party manifesto pledged to honour existing North Sea exploration licences but not issue new ones ...

Burnham, who is expected to become the UK's next prime minister, has been handed a letter from the oil and gas industry ...

U.S. shale producers are not embracing the "drill, baby, drill" mantra because current oil prices, which hover near or below their breakeven point, do not justify accelerating production. Instead of ...

The number of oil and gas rigs actively drilling in the US added 1 to 581, the count's 11th increase in 12 weeks, Baker ...

Exxon and Chevron plan to maintain their capital spending and production plans. ConocoPhillips is increasing its budget range to reflect a modest increase in drilling activity in the Permian Basin.

Rystad: offshore oil and gas investment to reach $104 billion in 2024. The Financial Times reported this week that in 2025, offshore oil will account for more non-OPEC oil supply than U.S. shale oil.

Oil industry executive J. Nelson Wood was close to starting a multimillion-dollar drilling project in Illinois. Then came President Donald Trump’s tariffs. Subscribe to read this story ad-free Get ...

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