Oil & Gas Industry News

The volume of Venezuelan crude floating at sea has spiked to the highest level in more than three years.

Oil prices rose for a third week as unrest in Iran heightened geopolitical risk.

The Texas oil and natural gas industry employed 495,501 Texans last year, according to TXOGA's 2025 Energy and Economic Impact report.

The Trump administration is unlikely to provide financial support to help U.S. oil companies revitalize Venezuela's oil sector, Interior Secretary Doug Burgum said Friday.

Around 30 percent of global oil reserves might be consolidated under U.S. influence, J.P. Morgan analysts stated.

'These agreements lay the foundation for safe and competitive operations at Equinor's offshore installations and onshore plants in the years to come', Equinor said.

Traders reacted to Iran tensions, positioning shifts, and supply uncertainty.

Leading Chinese oil companies with interests in Venezuela have asked Beijing for guidance on how to protect their investments.

Could Venezuelan oil production get back to three million barrels per day?

ADNOC announced a Final Investment Decision (FID) for the SARB Deep Gas Development.