FPSO (Floating Production, Storage, and Offloading) vessels are floating facilities that receive well fluids, process them to export-spec crude and gas, store stabilized crude, and offload to shuttle ...

B ig Oil leaders Exxon Mobil, Chevron, and Shell continue to hike their crude oil production volumes from West Texas’s ...

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.

By implementing automated gas-lift systems, AI-powered pump response prioritization, and real-time process modeling, ...

The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian ...

Gov. Gavin Newsom (D-CA) on Friday signed sweeping climate and energy legislation aimed at reducing emissions, lowering energy costs, and increasing oil production. The legislation passed last week ...

Vienna: Eight countries from the the OPEC+ alliance agreed Sunday to increase their oil production quotas for next December, while also announcing ...

The two biggest U.S. oil companies increased production in the third quarter and reported lower but still robust profits.