Once oil demand picks up, things are going to get very tight, says Pioneer’s Sheffield

In a strategic move to consolidate its footprint in one of the world’s most prolific oil-producing regions, ExxonMobil has acquired Sinochem’s stake in a longstanding joint venture (JV) in the Permian Basin’s Midland sub-basin. This […]

Inflation in the oil sector is worsening and industry executives see no reason to expect cost pressures on everything from steel pipe to frac sand to ease any time soon. The price spiral has been […]

U.S. energy firms this week added oil and natural gas rigs for the fifth time in six weeks although growth in the rig count over the past few months has slowed as drillers continue to […]