Offshore driller Ocean Rig UDW Inc is preparing to explore a sale amid pressure from some of its largest shareholders to review its strategic alternatives, according to three people familiar Continue Reading
The oil rig was built mostly in China and drilled its first well in Cuba. Now it’s delivering a victory for Russia in its fight against U.S. sanctions. Italian oil Continue Reading
In a sign that Brazil’s offshore sector is competitive in a world of $50–$60 oil prices, two large oil companies just announced significant investments in oil fields in the South Continue Reading
Regarding Walter Russell Mead’s “ Fracking Our Way to Mideast Peace ” (op-ed, Dec. 12): While the general sentiment is correct that American energy independence frees American foreign policy, it Continue Reading
Surveying the ocean floor for oil and natural gas reserves is gradually emerging from a multi-year slump, everywhere apart from Asia. That’s despite Asia being the world’s biggest consumer of Continue Reading
Investors have grown wary of U.S. shale after years of disappointing returns, and they have pressed shale companies to rein in reckless drilling practices . But with money still pouring Continue Reading
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region December 2017 January 2018 change December 2017 January 2018 change Anadarko 382 387 5 2,573 Continue Reading
Oil prices are set to close out the year somewhere around 15 percent up, and the oil market looks more stable than it has in years. But what does 2018 Continue Reading
How the world uses energy is a hot topic for a warming planet, and fears of pollution and resource strain have produced a virtual arms race of energy-efficiency strategies. From Continue Reading
When it comes to the story we’re being told about America’s rosy oil prospects, we’re being swindled. At its core, the swindle is this: The shale industry’s oil production forecasts Continue Reading
