The FPSO is engineered for a minimum production capacity of 250,000 barrels of oil per day and a storage capability of around two million barrels. Once operational later this year, it will push ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 1 rig gain in the prior week.

The oil and gas rig count, an early indicator of future output, fell by two to 590 in the week to April 4. Baker Hughes said this week's decline put the total rig count down 30 rigs, or 5% below ...

Brazilian authorities announced Saturday that the Almirante Tamandaré (Búzios 7) offshore oil production platform, the largest in the country, began operating in the Búzios Field, in the Santos ...

Oil production in the world’s largest importer of the commodity hit an all-time high of 4.6 million barrels daily. China will not cease to be a major importer of crude anytime soon. Most of ...

the platform can be reconfigured so that it remains competitive and continues to provide jobs well into the future,” Veraverbeke added. Robert Brelsford joined Oil & Gas Journal in October 2013 ...

The DOI has expanded the allowable pressure differential for single-wellbore oil production from multiple reservoirs in the ...

Riot Platforms has used its massive Bitcoin stockpile as collateral to secure a $100 million credit facility from Coinbase as the cryptocurrency miner eyes continued expansion. The $100 million ...

The freshly installed chief executive of NNPC, Nigeria’s state oil corporation, has vowed to attract up to $60 billion of ...