U.S. crude oil stockpiles rose in the week ended Feb. 19, while refinery activity slowed more than expected, according to data released on Wednesday by the U.S. Energy Information Administration. Continue Reading
Forced to reckon with a prolonged period of low energy prices, oil chiefs sought to portray themselves as steely survivors in an industry grappling with spending cuts and asset sales Continue Reading
For the second time this month, rig company Transocean said one of its clients announced it was canceling a contract for deep-water activity early. Transocean said Esso Exploration Angola Ltd., Continue Reading
« Ford becomes first automaker to join Electronic Industry Citizenship Coalition | Main | Berkeley Lab researchers devise new technique to reduce lignin and increase sugar yields; lowering biomass pretreatment Continue Reading
Most of the world’s biggest oil producers are raising output even as budgets shrink, showing that past investments are still boosting volumes amid the worst crude-market collapse in a generation. Continue Reading
Saudi Arabia shot down rumors it might cut oil production, but reaffirmed its commitment to an output freeze that could restrict crude flows to market this summer. With the world’s Continue Reading
J.P. Morgan Chase & Co. expects to further build reserves related to potential energy losses in the first quarter as the prolonged decline in oil prices continues to hit U.S. Continue Reading
With geology akin to a wet sponge and fragile underground aquifers that supply almost all its drinking water, Florida has never been considered part of the agitated battle over fracking Continue Reading
After a delay of several months the US Energy Information Administration has published the latest international energy statistics Fig 1: World’s incremental crude oil production How Fig 1 is created: Continue Reading
As oil and gas prices have tumbled, Exxon and Shell have been forced to retreat. With oil barely above $30 a barrel, they’re cutting spending, including some costly, high-risk mega-projects. Continue Reading
