Companies offer $279 million for Gulf of Mexico drilling rights in first of 30 planned oil sales

Oil companies have offered $279 million for drilling rights in the Gulf of Mexico in the first offshore lease sale in the ...

Permian to retain US oil crown even after hitting peak

Oil production in the Permian basin is poised to peak in December, a watershed moment for the U.S. shale boom that upended the global energy market over the past 15 years. Yet drilling innovations ...