OPEC+ will press on with its plan to increase its oil production quotas for the month of July, anonymous sources have told ...

Through the drilling campaign, Valeura has maintained oil production consistent with its first quarter performance, offsetting natural declines, it said in a release May 27.

Precision Drilling's focus on Canada's robust oil market and U.S. natural gas basins could help it thrive despite low oil ...

Players adopt the persona of Glaswegian electrician Cameron “Caz” McCleary. It’s Christmas and he’s dodging the police and an angry wife after a bar fight. To top it off he’s just been fired by the ...

Oil gains in the Permian, Powder River and Uinta basins are overshadowed by declines in aging basins, says Wood Mackenzie ...

The Rotary Rig Count from Baker Hughes drops to its lowest total in more than three years. The weekly U.S. tally is down ...

The Director General of the Nigerian Safety Investigation Bureau (NSIB), Capt Alex Badeh Jr, has disclosed that the final report on the ...

A routine task turned into a financial catastrophe. This oil rig was worth $350 million - until workers made a fatal mistake.

SINGAPORE, May 27, 2025 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company") announces completion of an eight-well drilling campaign at Licence B5/27 (100% ...

While shale oil offers flexibility, its growth is expected to plateau, prompting companies to focus more on offshore drilling ...

The total U.S. rig count dropped by 10 and the total Canada rig count dropped by seven week on week, taking the total North America rig count down to 680, comprising 566 rigs from the U.S. and 114 ...

In recent years, a growing number of nonprofits have turned to advancing technologies to document methane emissions.