BEIJING — China National Offshore Oil Corp. (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes, Xinhua news agency reported on Monday. The ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

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BEIJING — The China National Offshore Oil Corporation (CNOOC) has discovered a major oilfield in the eastern South China Sea, state news agency Xinhua reported Monday, with proven reserves exceeding ...

OSLO, March 31 (Reuters) - Equinor's (EQNR.OL), opens new tab Johan Castberg oilfield in the Arctic Barents Sea began production on Monday after several delays, and is expected to repay its 86 ...

China’s National Offshore Oil Corporation (CNOOC) said Monday it has discovered a major oilfield in the eastern South China Sea, with proven reserves exceeding 100 million tonnes. The Huizhou 19 ...

GLOUCESTER, Va.—Americans have long equated energy security with oil. The country wanted as much as possible because of the havoc an interruption to supply—from wars, disasters and political ...

NEW YORK/HOUSTON (Reuters) - U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces more water and gas and less oil - and may ...

Notable discoveries include the Mumbai High field, which is the largest oil field in India, contributing significantly to the country’s crude oil production. In recent years, ONGC has made several new ...