Avatar Systems launches Providence, a next-gen SaaS oil and gas platform unifying accounting, production, land, and ...

RIO DE JANEIRO, Dec 18 (Reuters) - A gas leak at Petrobras' P-40 offshore oil platform in Brazil's Campos basin on Thursday has led to the preventive shutdown of production, the firm said in a ...

EIA's Short-Term Energy Outlook forecasts WTI will average $52 in 2026 as low prices weigh down oil production.

U.S. oil output hit a record 13.84M barrels per day in September. New Mexico, Alaska and Oklahoma drove monthly production gains. Offshore Gulf production reached its highest level since 2020.

The Trump administration reportedly wants to turbocharge offshore oil drilling in the U.S., including the coast of California. But it remains to be seen if any new rigs ever get built. “Dead on ...