Shale oil production surpasses 100,000 b/d Shale growth offsets drop in conventional output September gas output rises 10.6% on year Buenos Aires — Oil and natural gas production in Neuquen, Continue Reading
Exxon and Chevron believe that a ban on fracking will only shift economic benefits out of the U.S. and possibly raise the price of oil, the two largest U.S. oil Continue Reading
A surge of oil production is coming, whether the world needs it or not. The flood of crude will arrive even as concerns about climate change are growing and worldwide oil Continue Reading
ExxonMobil has warned that energy investment will shift out of the US if the government bans fracking, the drilling technique that transformed oil production but is opposed by three Democratic Continue Reading
While the top Democratic presidential contenders call for a ban on new drilling on federal land , Democrats in power in some of the western oil states argue that it Continue Reading
The nation dropped five oil rigs and three gas rigs for a net loss of eight rigs, according to weekly data from Baker Hughes Co. The U.S. rig count has Continue Reading
Big Oil companies need to reduce their oil production by 35 percent by 2040 in order to preserve shareholder value in a changing world, think-tank Carbon Tracker has warned . Continue Reading
Struggling oilfield services company Weatherford International had a loss of $821 million in third quarter of 2019. Struggling oilfield services company Weatherford International had a loss of $821 million in Continue Reading
In the southeast corner of New Mexico, new houses, hotels and jobs are sprouting like flowers in the desert. Trucks hauling equipment and laborers jam once-barren highways on the way Continue Reading
The global oil industry is a highly lucrative sector that is strongly influenced by geopolitical developments. As the Post-Cold War era comes to an end, a new status quo is Continue Reading
