An oil field on federally managed land in California in 2015. (Jae C. Hong/AP) The Trump administration is starting to reduce royalty payments and suspend leases for oil companies drilling Continue Reading
U.S. shale drillers spooked by the epic meltdown in oil markets are trying to figure out how to protect themselves in the future. It won’t come easy, or cheap. After oil’s Continue Reading
The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first Continue Reading
The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory draw, of 4.8 million barrels for the week ending May 15. Analysts had predicted an inventory build Continue Reading
As the price of oil drops and the sector faces the strain of little to no investment globally, the oil and gas industry is on track for a major skills Continue Reading
U.S. shale production is set to fall to a two-year low in the coming weeks, with the Permian basin leading the way down. In the latest Drilling Productivity Report , Continue Reading
When two of the biggest beneficiaries of fossil fuels abandon the cause is that an omen? Start with Norway’s sovereign wealth fund, the biggest in the world. That nation created Continue Reading
After the forced suspension of drilling and well shut-ins, the global oil industry now faces another challenge: production outages resulting from delays in regular repairs caused by the supply-chain disruption Continue Reading
North Dakota will likely follow Texas’ lead in letting oil market dynamics and individual producers, not state regulators, decide how much production to curtail in the face of low prices Continue Reading
Oil production from the top seven shale regions in the U.S. is set to tumble to levels not seen since 2018. (Bloomberg) — Oil production from the top seven shale Continue Reading
