By the end of the third quarter, most U.S. oil producers plan to restore nearly all of the production shut down during the oil crash, according to a new report.
The shale bust has reached a grim milestone by claiming the pioneer of America’s drilling renaissance. But Chesapeake Energy Corp., which filed for bankruptcy protection on Sunday, is just the latest in a long list of casualties.
US energy firm Apache took a £3.6billion pre-tax loss in the first quarter of the year as the oil price crash hit the value of its assets.
Chevron has announced plans to buy fellow US oil and gas operator Anadarko Petroleum in a deal worth £38.2bn, the largest upstream takeover since 2015.
BP’s £8 billion acquisition of US shale assets from BHP Billiton will help the oil major close the gap to its peers, an analyst has said.
Halliburton has hired about 100 new workers each month this year to keep up with surging demand for fracking in West Texas, a sharp turnaround after the job-killing oil bust.
US oil companies are spending more money on so-called super-spec rigs, machines that churn out wells much faster than older models that led the first shale boom.
Oil could hit $60 a barrel by the year end if the OPEC pact to curb oil output is extended, a leading market analyst has claimed
US shale explorers are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even with the recent drop in oil prices.
US shale was the hot ticket for Asian investors before the downturn but deals have dried up since 2014, according to analysts Wood Mackenzie.
Oil explorers in the U.S. put a pause on their rig cancellations this week as improving technology and rising prices make some basins more profitable.
The US Energy Information Administration has produced new maps that show the structure, thickness, and geologic setting of the Utica Shale play and the location of production wells.
Statoil's new US boss will focus on "bottom line" targets rather than production figures as he aims to steer the Norwegian energy giant through the US shale gas maelstrom.
SandRidge Energy has hired advisers to evaluate options including a bankruptcy filing, in what could be the most high-profile reorganisation yet in US shale oil industry.
US oil drillers are finally beginning to buckle.
Norwegian oil producer Statoil sees the crude price downturn as a chance to slash costs and become more efficient, with a senior executive calling it a "great opportunity" to improve operations.
The co-founder and former chief executive officer of Devon Energy has signed on to shape energy policy for Florida Senator Marco Rubio, who is running for the Republican presidential nomination.
Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said.
OPEC forecast a steeper decline in supplies from rival producers this year as the oil-price crash hits the U.S. and Canada.
The collapse in the oil price claimed its latest shale drilling victim when Swift Energy filed for Chapter 11 bankruptcy in the United States.
To understand what the oil price crash will mean for global crude supplies next year, look no further than the two nations that added more barrels to world markets in 2015 than anyone else.
US shale firms are snapping up $50 oil hedges, risking a rally reversal.
Rose Petroleum said the "radical and far-reaching" cost cutting it took to adapt to low oil prices has left it in a strong position maximise its oil and gas assets in the future.
As much as 400,000 barrels a day of oil production is at risk as US shale companies like Samson Resources run out of money and are forced to slow drilling.
The big oil producing countries keep on pumping, even though prices are at a six-year low.