China National Petroleum Corporation (CNPC) has decided to drill up to 20,000 oil and gas wells per year through 2024, many of which will target shale gas, tight gas and shale oil, writes Xu Yihe ...

In June, Brazil’s oil regulator agency ANP auctioned off 34 blocks for exploration, largely to multinational corporations, including Chevron, ExxonMobil and China’s CNPC. More than half the blocks are ...

Long before offshore oil rigs are put together, much less sent out into the open ocean, they're expertly designed. Schematics are drawn up, and in many cases, engineers will take these plans and ...

Fervo Uses Oil Drilling Technology to Dig Deep for Clean Geothermal Energy. Published Jun 21, 2025 at 7:00 AM EDT Updated Jun 23, 2025 at 12:16 PM EDT. By .

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes ...

Georgia’s coast is among the areas under consideration for oil drilling despite a moratorium imposed in 2020 that stretches through 2032. (File/AJC) By Adam Van Brimmer and Drew Kann.