The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Baker Hughes said oil rigs rose by seven to 488 this week, their highest since September, while gas rigs fell by two to 99.

U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy ...

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that ...

Aker BP ASA drilled a dry well in the Bounty Updip prospect in the Norwegian Sea. Wildcat well 6306/6-3 S, the second in production license 886, was drilled using the Scarabeo 8 drilling rig to a ...

The U.S. House of Representatives passed legislation, H.R. 26, the “Protecting American Energy Production Act,” to prohibit ...

Offshore driller Constellation Oil Services Holding SA is planning to list shares in Oslo after reducing debt and increasing revenue from contracts with Brazilian oil explorer Petrobras.

All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - February 20, 2025) - IAMGOLD ...

Oil prices settled higher on Thursday, marking a three-day streak of gains, after data showed gasoline and distillate ...

WTI crude oil Thursday closed up +0.32 (+0.44%), and March RBOB gasoline closed unchanged. Crude oil prices Thursday climbed to a 1-week high and settled moderately higher.

It is 70 years since Seatrium designed and built the world's first independent leg jack-up drilling rig, and it has designed ...

Bangladesh is preparing to launch a second international tender for petroleum and natural gas exploration in 24 offshore blocks in the Bay of Bengal out of 26, following a disappointing first attempt.