President Joe Biden authorized a giant ConocoPhillips oil project in northwest Alaska that environmentalists argue has no place in a warming world, even as he sought to bar future drilling across US Arctic waters and lands.
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.
By Katherine Blunt and Jordan Blum for the Houston Chronicle
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.
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.
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.
Activists protesting the multibillion dollar Dakota Access oil pipeline are burning camp structures after being refused more time to pack up and move on.
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.
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 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.