Under the terms of the agreement, Monumental Energy will receive a 25% royalty on all oil and gas production from the Copper Moki site, following full recovery of its 75% initial capital contribution.

Uncertainty lingers over oil, gas sector despite fleeting crude boost, Dallas Fed says Between April and June, conditions deteriorated in the fossil fuels industry even as crude spiked, data found.

Texas Railroad Commissioner Wayne Christian announced the launch of the “Delivering Oil and Gas Efficiently (DOGE) Task Force” in a statement posted on the Railroad Commission of Texas (RRC ...

Egypt's Zohr gas field has increased its natural gas output by 60 million cubic feet per day following the successful redrilling of the Zohr-6 well, the Egyptian Ministry of Petroleum and Mineral ...

This appropriation includes $100 million for oil and gas well plugging to be used by the RRC’s renowned State Managed Plugging Program (SMP) to address critical plugging projects.

Energy major ONGC on Tuesday said it is making "measured and strategic progress" in capping the crude oil well in Assam's Sivasagar district, which has been leaking gas for the past 13 days.

Production from the Appaloosa subsea completed well in the Gulf of Mexico started on June 21 through a 20-mile flowline to the Corral platform, according to operator Eni SPA. ...