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BP makes its biggest oil and natural gas discovery in 25 years as it refocuses on fossil fuels
BP has made its largest oil and natural gas discovery in 25 years off the coast of Brazil, it said Monday, in a potential big boost for the British company following its strategic shift away from renewable energy to refocus on fossil fuels.
In April 2019, the last time over 1,000 rigs were consistently deployed across the U.S., oil output stood at 12.14 million ...
The U.S. is the world’s biggest producer of both crude oil and natural gas. One fuels our cars and airplanes. The other heats ...
Midland Reporter-Telegram on MSN13d
Permian Basin methane emissions drop over 50% as new tech takes hold
Long the center of attention over its methane emissions, the Permian Basin is demonstrating significant gains in reducing ...
Occidental Petroleum (OXY) has inked a deal with Colgate Energy Partners III to sell its non-strategic acreage in the Permian Basin for $508 million. Shares of the hydrocarbon exploration and ...
Horizontal drilling activity in US oil basins, which has plummeted due to the COVID-19 pandemic, is unlikely to materially recover this year, Rystad Energy analysis shows. Drilling permits ...
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