Almost 10 years to the day after a massive oil spill fouled the Santa Barbara coastline and prompted the closure of several drilling platforms, a Texas-based company says it has resumed crude oil ...

FORT STOCKTON, TEXAS - MARCH 24: The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Employment in Texas has reached record highs, with the oil- and ...

President Donald Trump wants more oil drilling, but one Texas producer expects low prices to send output downward. “Drill, baby, drill” has hit peak oil. Oil and gas leaders have been saying for a ...

Trump’s executive orders aim to boost U.S. oil and gas production by easing regulations. Energy companies welcome deregulation but are reluctant to increase output without higher prices. Potential ...

HOUSTON, March 13 (Reuters) - Artificial intelligence is speeding up oil and gas drilling and prompting companies to take a second look at places they had viewed as too difficult or expensive to ...

More than 50 years ago, a catastrophic oil spill along Santa Barbara’s coastline served to galvanize the modern environmental movement and also helped to usher in one of the state’s strongest ...

Imperial Oil Limited (AMEX: IMO) released its 2026 corporate guidance, focusing on maximizing asset value, advancing growth opportunities.

The U.S. has only "scratched the surface" of its oil potential, with new technologies and untapped resources emerging that could help cement America’s energy dominance for years to come. "The biggest ...

The Santa Barbara County Board of Supervisors has officially denied the transfer of permits necessary to restart oil ...

China’s oil output has risen despite lower prices. PetroChina lifted output ~21% since 2020; CNOOC grew production ~45% since 2021 and Sinopec halted a production decline. Aging fields are being ...