until Colonel Edwin Drake drilled the world’s first oil well in Pennsylvania in 1859. Oil was already prevalent in the area, and the Seneca tribe that lived in pre-Columbian Pennsylvania used ...

You might be hearing about the gulf off the coast of the U.S. and Mexico. Here's what to know about the body of water the ...

Now that the Senate has confirmed him to run the Interior Department, Burgum will have vast control over federal lands, including the issuance of oil and gas leases, as well as a mandate from ...

It depends on the day. As the two most-traded currencies on the planet, the U.S. Dollar and Euro always rank highly. But they’re far from the most valuable out there right now. Hint: It usually helps ...

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s crown prince said Thursday the kingdom wants to invest $600 billion in the ...

DUBAI - Egypt on Wednesday confirmed the discovery of oil reserves of at least 8 million barrels in the East Crystal-1 well in the Gulf of Suez, the petroleum ministry said. The exploratory well was ...

and Chevron’s first offshore well in the Orange Basin also didn’t yield any commercial oil or gas. Reinsborough said multiple indications of oil in the Naingopo well will be further analysed ...

She explained that KOC has been a key player in pivotal historical milestones, from the discovery of the first oil well in the Burgan field in 1938 to the export of Kuwait ... Despite rising ...

s discovery in Costa Rica last September of the first oil ever found in quantity between Mexico and the South American mainland. That well quickly flooded with salt water, but Union will drill two ...

With oil majors gearing up to publish their fourth quarter results in the coming weeks, investors will be looking to see if ...

one of the world’s leading oil companies, recently announced that the company did not discover commercially viable hydrocarbon reserves in its Kapana 1X exploration well in Namibia’s Orange Basin.