FIRST ON FOX: A landmark Supreme Court case set to decide whether Big Oil entities can move coastal erosion suits out of local and state courts and cement them in federal courts, as localities ...

A sweeping proposal by the Trump administration to expand offshore oil and gas drilling could result in more than 4,000 oil ...

In April 2010, a state-of-the-art offshore oil rig operated by BP exploded in the Gulf of Mexico. The blast killed 11 and ignited a fireball so large it could be seen from 40 miles away. For nearly ...

Venezuela has the world’s largest oil reserves, but the South American country’s heavy oil deposits also stand out for another reason; on a barrel-for-barrel basis, they pack the most climate ...

Oil spills rarely travel more than 300 km from their source before natural processes break them down. Ixtoc I, a 1979 spill ...

Reliance Industries, India’s biggest private refinery operator, has not received any Russian oil cargoes over the past three weeks and has not made any orders for deliveries this month, the company ...

Following the dramatic capture of Venezuelan President Nicolás Maduro, the U.S. is now positioned to exert significant influence over the future of the world’s largest oil reserves. Venezuela, a ...

Venezuela has the world’s largest oil reserves—but history, costs, and political risk raise questions about whether U.S. oil companies are ready to invest. Tapping into Venezuela’s oil reserves has ...

Venezuela holds the largest proven oil reserves in the world, estimated at roughly 303 billion barrels, yet it consistently earns a fraction of what other major exporters do from crude exports and ...