Annual reports from 42 oil and natural gas companies that have reported data on upstream expenditures since 2000 show that spending on exploration and development throughout the world increased by 5% ($18 billion) in 2013, while spending on property acquisition fell by $17 billion.
A contractor has struck oil at Indiana State University's campus, but it could be a while before school officials know how much it is worth.
Booming production of oil and natural gas has exacted a little-known price on some of the nation's roads, contributing to a spike in traffic fatalities in states where many streets and highways are choked with large trucks and heavy drilling equipment.
Exxon Mobil Corporation announced the $19 billion PNG LNG project has started producing liquefied natural gas (LNG) in Papua New Guinea ahead of schedule.
Zinc production has shut down at a western Pennsylvania site where Shell Oil Co. is considering building a high dollar petrochemical plant.
Vietnam demanded China stop oil drilling operations in a disputed patch of the South China Sea, saying on Monday that Beijing's decision to deploy a deep sea rig over the weekend was illegal.
Early reviews found no human error or mechanical failure that could have caused a fiery derailment of an oil train in downtown Lynchburg, Virginia, the National Transportation Safety Board said Friday.
Chevron Corp. says its net income fell 27 percent in the first quarter because of lower global oil prices and decreased production of oil as a result of bad weather.
Across the state on the same rail line where a train loaded with highly combustible crude oil derailed, a fire chief sees the potential for a nightmare scenario: A blaze his crews don't have the means to put out, threatening a colonial-era tourist attraction and one of the nation's oldest institutions of higher learning.
The Lynchburg train derailment and fire comes amid a surge in domestic oil drilling that has prompted oil companies to move increasing amounts of crude by rail over the past several years.
Flint Hills announced in February that it would close the facility because of the high costs of doing business in Alaska and its ongoing obligations from a chemical spill that has affected local water supplies.
Fuel shipping company Global Partners will require tanker cars to meet with updated standards for all crude oil trains arriving at its East and West Coast terminals, starting in upstate New York and Oregon, the company announced Wednesday.
Exxon Mobil said Thursday that its net income fell 4 percent in the fourth quarter as it produced less oil and natural gas and posted weaker refining results.
A proposed liquefied natural gas export terminal in Cameron Parish would not significantly damage the environment, the Federal Energy Regulatory Commission staff said Wednesday. The conclusion also applies to 21 miles of pipeline and associated facilities proposed for Cameron, Calcasieu and Beauregard parishes.
A Wyoming natural gas processing plant is operating at about 40 percent of its typical seasonal level just over a week after an explosion and fire.
Virginia state officials are still trying to figure out the environmental impact of a train derailment that plunged three oil-carrying tanker cars into the James River.
Life Cycle Engineering (LCE), Inc., announced a partnership with OSIsoft to offer predictive analytics and intelligent asset management solutions for the oil and gas industry.
Royal Dutch Shell PLC says it will not be entering new investments in Russia anytime soon as tensions rise over the country's confrontation with Ukraine.
A federal judge ruled Tuesday that a $357,000 payment in a damage claim from the 2010 BP oil spill must be repaid because the claim was fraudulent.
Wolverine Terminals Corp. officials have sought to reassure worried St. James Parish residents that its plans for a crude oil facility in Paulina will be safe and do not pose a threat.
Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show.
Crude oil trains are not displacing grain shipments in the Dakotas and surrounding states, railroad officials assured North Dakota regulators Monday.
Energy company BP said Tuesday that it remains committed to its investment in the Russian oil firm Rosneft, despite U.S. sanctions targeting its president, Igor Sechin, and sharp drops in income from its stake.
When the oil and gas boom took off, tens of thousands of workers flocked there for jobs and missionaries soon followed. Many of them say the work is every bit as challenging as seeking converts in Africa or Asia — because of the roughnecks' transient lifestyles, their exhausting round-the-clock shifts and the fact that many work camps won't let them in.