The Houston-based company said it offset plunging prices by ramping up output in the first quarter. More »
The world’s biggest oil exporter now has incentive to maximize output and undermine rival producers by using its reserve capacity. More »
Producers in oil and gas fields from Texas to Pennsylvania have 4,731 idled wells at their disposal. More »
The new reality of oil, was the biggest topic, and the executives who took the stage focused on detailing how their companies would survive. More »
The man-made quakes jolted once stable regions in eight states, including parts of Alabama, Arkansas, Colorado, Kansas, New Mexico, Ohio, Oklahoma and Texas, according to researchers at the U.S. Geological Survey.
No fewer than three U.S. oil executives attending IHS Energy CERAWeek have said government regulations need to be based on science, not public sentiment. Yet not one of them talked about the scientific consensus acknowledging global climate change. More »
Kinder said in an interview that oil and gas leaders hadn’t done enough to show how important the industry is More »
Revitalized North American crude production has created abundant sources of oil for refineries to process, but has raised the challenge of how to move it from the field to refineries. More »
Transocean, owner of the largest fleet of offshore drilling rigs, named Jeremy Thigpen as its newest chief executive officer after Steven Newman stepped down in February.
An infusion of talent and capital from private companies will breathe new life into the company’s ailing production, CEO Emilio Lozoya said. More »
The nations’ strategic oil stockpile may need to be brought into the modern era, experts told CERAWeek attendees. More »
OPEC no longer has the same stranglehold over oil markets it once had, but it’s wrong to declare the cartel dead, a panel of Middle East experts and analysts said Tuesday. More »
Government regulators need to get out of the way and give oil companies the freedom to innovate to enable “safer, more secure and more efficient production”, Rex Tillerson said at CERA Week. More »
The factory drilling that marks unconventional oil and gas development requires a totally different business model and skill set than traditional plays, Total’s CEO said. More »
Though the industry expects operational and construction costs for oil-production projects to fall up to 40 percent this year, prices for tools and services probably won’t crumple that much, a panel of energy experts said Tuesday. More »