Upstream

Exploration

Oklahoma task force seeks to reduce earthquakes and reuse wastewater

As a part of a state initiative to address a future water shortage, the Oklahoma Water Resources Board released a report on Thursday offering sol...

Production

Market Currents: Saudi’s balancing act

After a lesser draw than expected to crude inventories, oil is selling off on this third Wednesday in April. As strong imports from the Middle Ea...

Shale

Fast growth of sand mining is ‘real deal’ after oil bust

KOSSE - As drilling has recovered in recent months, particularly in West Texas' Permian Basin, the sand mining industry has exploded. It is produ...

Discoveries

BP finds hidden trove of oil in Gulf of Mexico via new subsea imaging

British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough al...

Crude Oil

NOV posts $122 million loss with focus shifted onshore

Houston's National Oilwell Varco saw its quarterly revenues grow from the end of 2016, but the rig and equipment manufacturer still reported a $1...

Natural Gas

Trump rejects Exxon waiver request for Russia

President Donald Trump has personally rejected Exxon Mobil's bid to resume a potentially lucrative oil and gas drilling venture with Russian firm...