Offshore oil projects are experiencing a resurgence due to higher prices, leading to a boom in the floating rig business. The World Bank predicts a historic oil glut due to factors like rising ...

The US oil boom is set to fade because of an M&A bonanza. Public companies are buying up private oil firms responsible for a blockbuster 2023 for US oil. "Public firms are largely seeking to cut costs ...

U.S. oil production is setting new records, but the rate of growth is slowing down for the first time in 20 years without an external crisis, driven by internal factors. The slowdown is attributed to ...