North Sea producers say the tax, introduced when Russia's invasion of Ukraine caused oil prices to spike, is crippling the ...

The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the ...

A Treasury Department analysis indicates that new U.S. sanctions on Russian oil producers have sent prices there tumbling, ...

OIL industry chiefs have accused Rachel Reeves of “taxing the industry to death”  after she snubbed their pleas to scrap ...

In its annual State of the Industry report, Enserva says total oil and gas capital spending is expected to drop by 5.6 per ...

With oil trading near $55–60 per barrel, many producers—especially smaller independents—are struggling to maintain ...

The president’s energy strategy is projected to generate more pollution, but so far production has not risen significantly ...

After trailing the market for most of the year, the oil services industry is suddenly setting the pace and enjoying a Q4 ...

A paper trail shows just how far ministers went to accommodate the industry's wishlist, including giving it access to draft ...

WASHINGTON (AP) — The Trump administration announced on Thursday new oil drilling off the California and Florida coasts for ...

Even after years of technological breakthroughs, the shale industry still leaves most of the oil underground. At best, ...

The largest U.S. oilfield has weathered previous downturns, but Trump's policies have added to the slide in producers' ...