Unit of Cnooc says upgrader not repairable in short term Company to contine bitumen production at Long Lake site Cnooc Ltd.’s Nexen Energy unit will eliminate 350 jobs this year Continue Reading
Despite a revenue stream under pressure from low oil prices, a Colorado study finds an educated work force means earnings are higher than the national average. A study from the Continue Reading
U.S. shale oil drillers have made big strides in adapting to lower crude prices by cutting costs and improving productivity, according to a report released Wednesday. American shale now makes Continue Reading
Offshore Oil Rig Searching for oil and gas is an activity with uncertain success—an activity with a bit less uncertainty were it not for 3D seismic surveying. And this uncertainty Continue Reading
Oil tankers face choppy waters over the next 18 months as a torrent of new ships pushes down freight rates, just as buoyant oil demand slows, potentially ending a successful Continue Reading
The number of rigs actively exploring for or producing oil and natural gas in North Dakota is rising, state data show, despite a slump in oil prices. State data show Continue Reading
About two-thirds of U.S. natural gas production and about half of U.S. oil production currently comes from hydraulically fractured wells. Fracking is an essential process in the U.S. oil and Continue Reading
The fossil fuel industry risks losing $33 trillion in revenue over the next 25 years as global warming may drive companies to leave oil, natural gas and coal in the Continue Reading
As the Canadian oil-sands hub of Fort McMurray, Alberta, battles to rebuild after wildfires that ripped through in May, the industry that made it a boomtown is contemplating the end Continue Reading
The levels of diesel, gasoline and heating oil in storage tanks in Europe this week are so high they are causing delivery backlogs and are casting doubt on whether demand Continue Reading
