The Trump administration rescinded restrictions on oil drilling in Alaska’s mammoth state petroleum reserve, reversing a move by former President Joe Biden that put an estimated 8.7 billion barrels of recoverable oil off limits.

The Trump administration on Thursday finalized its rollback of Biden-era limits on oil and gas drilling in an Alaska area that is the nation's largest tract of undisturbed public land.

The Trump administration is restoring oil and gas drilling on millions of acres in the Arctic that had been blocked off by former President Biden, it announced Thursday. The administration issued

Nevertheless, in apparent response to the Department of Interior's plans, Florida Sen. Ashley Moody has introduced a bill, the American Shore Protection Act, that will codify an existing drilling moratorium protecting the Eastern Gulf and coastal waters off the Florida, Georgia and South Carolina coastlines until 2032.

Oslo-listed Vantage Drilling cancelled a contract to drill next year, which two industry sources told Reuters on Wednesday was with sanctioned Russian oil major Lukoil for exploration at its Romanian Black Sea Trident gas discovery.

Professional golfer Phil Mickelson endorsed Steve Hilton's gubernatorial campaign after the GOP candidate outlined plans to lower California gas prices through local drilling.

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce the completion of the first phase of drilling at the La Union gold and silver Project in Sonora,

Oil prices are at their highest level in almost three years, above $73 a barrel, but active U.S. rigs remain far below pre-pandemic levels. Some 470 rigs are drilling today, versus almost 800 at the start of 2020, when oil was around $63 a barrel.