Thirty crew members were rescued from the vessel, while one person remains missing, Peru's defence ministry says.

The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...

Crude futures slid after OPEC+ agreed to raise output by 411,000 barrels a day in June, speeding up the gradual return of 2.2 million barrels a day in voluntary production cuts.

The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year. The number of gas rigs rose by 2 this ...

Interior said Friday that a rule implemented in 2024 to impose supplemental financial bond requirements on offshore drilling ...

Most new oil and gas projects in 2024 were located offshore, where spills can be hard to detect. Researchers at the nonprofit ...

LIMA (Reuters) - A Peruvian navy vessel collided with an oil platform operated by Perenco on the Amazon River, killing at least two people, Peru's defense ministry said on Friday.

US independent EOG Resources is looking to fast-track a new shallow-water oil discovery in Trinidad & Tobago in an area ...