The number of Drilled but Uncompleted Wells sank to its lowest level ever recorded, according to the Energy Information’s latest Drilling Productivity Report published on Monday. The number of Drilled but Uncompleted Wells—also known as […]
For the past 7 years, ExxonMobil has been consistently increasing its footprint in Guyana. Exxon has already made over 20 discoveries, and it is predicting many more to come. The supermajor estimates its Stabroek Block […]
Bloomberg) — Questioned by U.S. lawmakers this week, chief executives from the nation’s biggest oil companies took great pains to explain why they haven’t raised production fast enough to tame skyrocketing energy prices. For Shell […]
U.S. President Joe Biden outlined a series of steps the White House is taking to reduce high prices at the pump. The U.S. President called on Congress on Thursday to make American oil companies pay […]
War in Ukraine affects steel goods exports from both Ukraine and Russia. Shortage of steel tubing for wells has become the latest production constraint for U.S. shale. For U.S. oil drillers, steel tubing prices and […]
(Bloomberg) — Cnooc Ltd. is considering a sale of its U.K. North Sea portfolio, in what could be one of the biggest disposals in the aging basin by a foreign firm in recent years, people […]
The 60 largest banks in the world poured as much as $742 billion in fossil fuel financing in 2021 alone, a new report by environmental groups showed this week. Since the Paris Agreement was adopted in 2015, […]
(Bloomberg) — The Biden administration doesn’t anticipate selling offshore drilling rights in the Gulf of Mexico through at least October 2023, effectively stretching a delay in that activity to a third year, according to economic projections included […]
As the world reels from an energy crisis that is resulting in skyrocketing gas and oil prices, there is debate about solutions within the United States. Pennsylvania is the second largest producer of natural gas […]
An attack by Yemen’s Houthi rebels on Saudi Arabia’s oil facilities on Friday gave another boost to oil prices as markets tried to digest a new round of sanctions against Russian oil. The oil market […]
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