Rigzone Industry News

Chevron U.S.A. Inc. offered seven of the 10 highest bids for drilling rights in a Gulf of Mexico auction Wednesday.

The startup of a new Chinese oil refinery is fueling a rebound in heavy crude oil markets.

California will limit the amount of profit oil companies can earn in the state under legislation pushed by Governor Gavin Newsom.

Canacol said it had made discoveries last year in Colombian blocks Esperanza, SSJN7, VIM5, VIM21, VIM33 and VMM45.

Technology that sucks carbon emissions out of the air would need more energy than used to run the world's homes.

Governor Gavin Newsom struck a deal Monday with legislative leaders on a proposal to limit how much profit oil companies can make in California.

Chevron Corp. is urging Venezuela to clean up Lake Maracaibo in the hope of almost doubling the amount of oil that can be loaded on its ships.

Canadian taxpayers may end up taking a loss of C$20 billion (nearly $15 billion) on the government-owned Trans Mountain Pipeline.

Many commodities remained under pressure in the wake of UBS Group AG's emergency purchase of Credit Suisse Group AG.

iStock.com/YurolaitsAlbert. Canadian convenience-store operator Alimentation Couche-Tard Inc. agreed to buy almost 2,200 gasoline stations in Europe from TotalEnergies.