In South Korea, which imports nearly all of its oil and gas, a global supply crunch has hit hard. Officials have advised ...

This technical assistance report was prepared in response to Suriname’s request for support in strengthening its fiscal framework ahead of the anticipated offshore oil production starting in 2028. The ...

Suriname’s long-delayed offshore oil boom is accelerating as major projects move forward and global energy markets increase ...

CNBC’s Morgan Brennan reports Alaska’s growing oil and mining output could lower energy costs, strengthen U.S. energy ...

Oil-services firms are the cowboys of the energy industry. Their work—which includes everything from drilling holes and laying pipes to building roads—keeps the world’s hydrocarbons flowing. And it is ...

A recent White House statement pointed to record U.S. energy output as a source of strength during rising geopolitical ...

Major energy firms, including SLB, Baker Hughes, and ExxonMobil say the Middle East supply crisis is pushing governments and ...

Offshore oil projects are experiencing a resurgence due to higher prices, leading to a boom in the floating rig business. The World Bank predicts a historic oil glut due to factors like rising ...

It’s boom time in the U.S. oil patch, but storm clouds are gathering. Oil companies are planning to slash payroll — as production surges, demand stagnates and storage tanks around the world fill up.