Massive blackouts in Venezuela in March and April have drastically reduced oil production at Chevron’s biggest oil joint venture in the country, Bloomberg reported on Thursday, citing data that it Continue Reading
Venezuela will soon pass the point at which it will be unable to recover lost oil production if U.S. sanctions persist into next year, the federal government said on Wednesday. Continue Reading
The Trump administration’s plans to expand offshore drilling are on hold after a March court ruling blocked drilling in the Arctic and Atlantic, Interior Secretary David Bernhardt told the Wall Continue Reading
The Trump administration’s proposal to vastly expand offshore oil and gas drilling has been sidelined indefinitely as the Interior Department grapples with a recent court decision that blocks Arctic drilling, Continue Reading
The Trump administration has done its best to promote coal, oil and gas at the federal level, but individual U.S. states continue to step up their ambition on renewable energy. Continue Reading
Entrepreneurs in California were pioneers of the American oil industry in the 19 th and the beginning of the 20 th century. One of the oldest still producing oil fields Continue Reading
Occidental’s proposed Anadarko deal would put the company alongside ConocoPhillips in a peer group of two as a super-independent. Occidental Petroleum’s proposed Anadarko Petroleum deal would put the company alongside Continue Reading
Following the news that Chevron had agreed to pay a nearly 40 percent premium to acquire Anadarko Petroleum, investors quickly bid up the shares of other potential acquisition targets. As Continue Reading
The president of the United States may remove a 1920 piece of legislation that bans any non-U.S. vessels from moving any cargo between two U.S. ports. The reason: an imbalance Continue Reading
The value of exports of oil and gas from Texas jumped by 45 percent, CNBC reports , citing data from trade research firm WISERTrade. The value of Texas’ petroleum and Continue Reading
