The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

Shell restarted production at the Penguins oil field in the U.K. North Sea with a new floating, production, storage and offloading facility.

Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by U.S. major ...

Oil prices rebound on fears of potential supply disruptions as Trump prepares to impose sanctions on Iran, leading energy stocks to outperform.

Shell PLC (SHEL) shares up on resuming production at Penguins field in UK North Sea with new FPSO facility designed for lower emissions and extended lifespan.

BP has been falling behind its peers for years. If it doesn’t narrow the gap, its days as an independent company could be ...

Shell has restarted production at the Penguins field in the UK North Sea with a new FPSO, boosting domestic oil and gas ...

North America will continue to lead M&A transactions, with nearly USD 80 billion in upstream opportunities available in the ...

Both XOM and CVX faced downward pressure following their Q4 release, reflecting broader market concerns over refining margins and oil price volatility.

Despite a Q4 earnings miss, Chevron's free cash flow and capital returns remain robust. Read why I remain very bullish on CVX ...