Venezuela says it sits on the world's largest commercially viable oil reserves. Even if that claim is shaky, the challenges for getting this oil to market are many.

U.S. firms involved in the effort would face risks, León and Cinquegrana said. Chevron is currently the only U.S. oil firm operating in Venezuela, as part of a joint venture with the country's state-owned oil outfit.

Oil and gas is among the more accident-prone industries. Compared with, say, banking, the likelihood of someone getting hurt on the job in oil is immeasurably higher. But just as information technology has changed the landscape in banking, it is changing ...

The planet is burning, and lawmakers in a half-dozen states believe that it’s time for those responsible for turning up the heat to pay up. New Jersey is one of them. Led by Sen. John McKeon (D-Essex), our Legislature will debate a bill in the next term ...

Oil companies have long been under pressure to invest more money into renewable energy to help fight climate change. Here's one simple reason why that's not happening: Right now, oil makes a lot more money. Energy companies spend a lot of money every year.

Iran has increased its oil exports during the Biden administration despite severe and heavy sanctions imposed by the U.S. government, according to a new report. The Energy Information Administration (EIA) issued its annual report on Iranian petroleum and ...

Sunlight shapes oil spills’ long-term legacies. In the days and weeks after the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, sunlight hit the oil slicks on the surface of the water. That triggered chemical reactions that added oxygen to oil ...

Energy Secretary Chris Wright said Wednesday that the United States will sell Venezuelan oil “indefinitely” after completing sales of the crude currently accumulating in storage there. Wright said the proceeds from those sales would be "deposited into accounts controlled by the U.