The discovery in Block 15-2/17, in the Cuu Long Basin, encountered about 370 feet of net oil pay across two reservoirs.

President Joe Biden will move Monday to block all future oil and gas drilling across more than 625 million acres of federal waters — equivalent to nearly a quarter of the total land area of the ...

Reliance Industries Ltd is seeking a premium of at least $3.5 per barrel over an international benchmark for crude oil it produces for eastern offshore KG-D6 block, according to the tender the ...

Ecopetrol said it has agreed to acquire a 45% stake in the CPO-09 oil block from the Spanish energy company Repsol. The deal makes the Colombian oil and gas company the full owner of the block.

Trump, himself, has actually used the same statute to block oil and gas leasing in waters near Florida and North Carolina in a bid to appeal to voters in the final weeks of the 2020 presidential ...

President Biden has blocked new offshore drilling for oil and gas in several parts of the country about two weeks before President-elect Trump takes office. Biden has announced he’ll block new ...

President Biden has issued an executive order blocking drilling for oil in more than 625 million acres of U.S. ocean. It's ...

Crude oil futures began the new year with solid gains Thursday, helped by optimism for a potential recovery in China's economy and fuel demand after a pledge by President Xi Jinping to further ...

President Joe Biden is making a sweeping move to ban all future offshore oil and natural gas drilling ... According to the White House fact sheet, this move blocks drilling in more than 625 ...

President Joe Biden is making a sweeping move to ban all future offshore oil and natural gas drilling on America's East and West coasts, the Eastern Gulf of Mexico and Alaska's North Bering Sea -- a ...

President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, a last-minute effort to block possible action by the incoming Trump administration to expand ...

Shortly before the end of his term in office this month, US President Joe Biden is pushing through far-reaching protection of US waters from further oil and gas extraction. The two "presidential ...