Azule Energy, a partnership between BP and Eni in Angola, discovered gas in its first gas-specific exploration well off the country's shores, the national oil and gas agency ANGP said late on Friday.

Despite California's efforts to phase out fossil fuels, the federal government has begun evaluating opportunities for additional oil and gas leasing in the state.

Drilling activity slipped yet again as the nation’s rig count hovers near four-year lows. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count fell two to 537 rigs, the lowest ...