America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.
President Donald Trump helped to clinch an unprecedented deal among the world’s largest crude producers, but the pact hasn’t stopped America’s oil industry from bleeding.
Offshore oil production is showing signs of a turnaround as crude prices rise and operations become more efficient, giving energy compaies in Houston and elsewhere the confidence to resume deepwater projects stalled during the oil bust.
The town of Lyme, New Hampshire, has formed an energy committee to solarise their school, town hall and households.
A leading oil economist has warned that global production cuts agreed to by the Opec cartel and 11 other countries including Russia may not be enough to overcome the rise of US shale.
ExxonMobil (NYSE:XOM) employees donated more than $50 million to hundreds of higher education institutions across the US last year.
US based Diversified Gas & Oil PLC (AIM: DGOC) plans to acquire Titan Energy's assets in the Appalachian Basin.
Natural gas in balmy Texas is feeling the chill of California’s snowy peaks 1,200 miles away.
Marathon Oil (NYSE:MRO) has snapped up another 21,000 acres of Permian basin for $700million in cash.
US billionaire David Rockefeller, who was the last of his generation in the famously philanthropic family, has died aged 101.
Major subsea player Emas Chiyoda (ECS) has filed for chapter 11 bankruptcy.
US Senator Bernie Sanders and Bill Nye “The Science Guy” have hosted a Facebook live session dicussing climate changes and other issues. Watch the exchange above.
London listed Empyrean Energy (LSE:EME) has received $2.6million from the sale of its interest in the Texas based Eagle Ford unconventional play.
Activists protesting the multibillion dollar Dakota Access oil pipeline are burning camp structures after being refused more time to pack up and move on.
The boss of Wood Group claims the oil and gas service giant is "well positioned" for the Permian play.
House Republicans are renewing a legal fight with New York and Massachusetts over the states’ probes into whether Exxon Mobil Corp. misled investors about the potential impact of climate change.
Activists protesting the multibillion dollar Dakota Access oil pipeline have been refused more time to pack up camps which have been the base of their operations for months.
Follow the money: it’s a classic Washington catchphrase.
Two American oil giants have announced changes at the top.
Half of the world’s natural World Heritage sites are at risk from harmful industrial activities such as mining, dredging or drilling for oil, a report has warned.
A chief executive has been awarded her biggest bonus - in the same year Sempra Energy was involved in the biggest gas leak in US history.
A century and a half before the current supply glut sent oil prices into contango, one of America’s greatest industrialists tried to make money by storing crude. He failed.
Sales of cowboy boots have seen a decline in regions of the US where the economy is heavily impacted by the energy sector. One US company, which specialises in Western and work-related footwear, said its sales had seen a drop in the last quarter.
Baker Hughes said it expects the global rig count to decline by as much as 30% in 2016, as the slump in oil price continues.
The University of Louisiana has been displaying dozens of black-and-white images taken more than 40 years ago documenting the living and working conditions of coal miners.