Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, to test the waters of America’s booming crude-export industry.
The US drilling surge could begin to plateau soon as operators grapple with both falling prices and growing constraints on equipment and labor.
Shares in Empyrean Energy jumped today after the firm announced it was close to finalising a farm-in for Sacramento Basin Assets.
The US shale industry isn't alone in the burst of oil production offsetting OPEC's cuts.
US-based Diversified Gas & Oil (DGO) has wrapped up a deal to by gas and oil assets from Titan Energy.
Germany and Austria condemned a proposed expansion of U.S. sanctions on Russia, saying the measures sought to bolster U.S. economic interests and included an unacceptable intervention in the region’s energy sector.
More than half of America’s nuclear reactors are bleeding cash, racking up losses totaling about $2.9 billion a year, based on a Bloomberg New Energy Finance analysis.
Crude markets are taking oil optimists by surprise yet again.
U.S. crude production will average more than 10 million barrels a day for the first time in 2018, breaking a record almost five decades old and keeping prices from rising as much as previously estimated, government forecasts showed Tuesday.
US Energy Secretary Rick Perry has said he hopes China will step forward to be a “real leader” on climate issues, while rejecting criticism that America is backing down.
Oil producing nations meet on Thursday to discuss extending production cuts to re-balance crude market supply and demand. The cuts, which came into effect on January 1, comprised a reduction of 1.2million barrels per day for Opec members, and 600,000 for non-Opec states, with Russia making up the bulk of that quota.
The White House plan to trim the national debt includes selling off half of the nation’s emergency oil stockpile, part of a broad series of changes proposed by President Donald Trump to the federal government’s role in energy markets.
Oil bulls, take heart! U.S. drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.
America’s shale gas could soon head to China under long-term contracts for the first time, bolstered by a new trade deal that may not even change existing rules.
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.
President Donald Trump has chosen a longtime aide to Senate Majority Leader Mitch McConnell and a state utility regulator to serve on the Federal Energy Regulatory Commission, bringing the agency one step closer to regaining its power to rule on natural gas pipelines and utility mergers.
US shale was the hot ticket for Asian investors before the downturn but deals have dried up since 2014, according to analysts Wood Mackenzie.
Natural gas in balmy Texas is feeling the chill of California’s snowy peaks 1,200 miles away.
Magnolia Petroleum has marked up the value of reserves after announcing participation in 16 new wells.
Shipments of crude to the U.S. from Mexico fell to a new low last week, extending a trend that goes back to when the Energy Information Administration began compiling preliminary weekly import data in June 2010.
Iran is failing to fulfil the “spirit” of its nuclear deal with world powers, US President Donald Trump has declared, setting an ominous tone for his forthcoming decision about whether to pull America out of the landmark agreement.
ExxonMobil and Sabic have picked a site in Texas for a new petrochemical complex on the US Gulf Coast.
North Korea’s deputy United Nations ambassador has accused the United States of turning the Korean Peninsula into “the world’s biggest hotspot” and creating “a dangerous situation in which a thermonuclear war may break out at any moment”.
Banks have given a handful of U.S. oil companies an extra financial boost this month, increasing the amount of money they can borrow for new drilling projects and other purposes.
The tense stand-off between the US and North Korea over the rogue state’s nuclear weapons programme continued as Washington warned the crisis was coming to a head.