The total number of active drilling rigs for oil and gas in the United States rose by 2 this week, according to new data that Baker Hughes published on Friday ...

President Donald Trump said on Thursday (January 22) that U.S. oil companies will soon start drilling for oil in Venezuela, ...

A discussion of the US oil and gas industry, focusing on its history, growth, and industry segments. Save valuable time and ...

Lower oil prices are expected to cut U.S. drilling activity and reduce output by 1% this year from the top producing country, while potentially higher supply from Venezuela could add pressure, the ...

Trump’s fixation on hiking oil volumes from OPEC and Venezuela to lower prices at the pump is leaving U.S. oil producers annoyed with weak domestic pricing and drilling activity.

Oil companies offered $300 million for drilling rights in the Gulf on Wednesday in the first of 30 sales planned for the region under Republican efforts to ramp up U.S. fossil fuel production.The sale ...

As a public comment period comes to a close, Florida leaders are pushing back against a new plan for offshore oil drilling.

The US is in talks with Chevron Corp., other crude producers and the world’s biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 ...

WASHINGTON, DC: President Donald Trump said that major US oil companies are preparing to begin drilling operations in Venezuelan territory ‘very soon,’ signaling a significant expansion of American ...