THE development of Azerbaijan's oil fields started in 1994, with the signing of the "Contract of the Century" with major Western oil companies. Today, Azerbaijan is experiencing an investment boom in ...

dragged down by oil prices that are about 15% lower than a year ago. The AI boom may provide some relief for the oilmen thanks to rising demand for natural gas. Goldman Sachs, an investment bank ...

HOBBS, N.M.—Chip Low’s drive through one of the richest corners of America’s hottest oil field takes him past all the telltale signs of an economic boom. His mind is on the next bust—and ...

President-elect Donald Trump's promise to unleash a big oil boom in the US and lower gas prices is running up against a market reality: The world is already awash in fossil fuels. ExxonMobil CEO ...

Offshore drillers endured a tough decade as many outfits filed for bankruptcy between 2014 and 2016 with oil prices collapsing ... drillers suggesting that boom time is not far off.

Every oil market analyst should know this by now, but many still can’t resist calling an end to the shale boom. Most recently, experts said shale oil production would peak soon as U.S. drilling ...

Heineken Lokpobiri, for what they termed excellent performance and good working relationship with various departments in the oil industry. The group, applauding the minister in a statement issued ...

Its most prized asset: the Stabroek offshore oil block, near the coasts of Guyana. The area has become the epicentre of a new boom, as industry giants scramble for a cut in the action. In the last ...

Suriname is a former Dutch colony in the north of South America, with a long history of corruption and drug dealings, but oil could make a vast transformation. Will Suriname become another oil ...

Record oil and gas production under President Joe Biden has enabled the US to smoothly transition toward cleaner energy and fight climate change without driving up prices, a top White House ...

Namibia, which is gearing up to become a major oil and gas producer, holds elections on Wednesday that have been billed as the most hotly contested in the arid southern African nation since it ...