After five years of operations, Ecopetrol Permian and Occidental have achieved positive operational and financial results in the Permian Basin, reflected in the growth of production and its ...

Occidental Petroleum deal over environmental concerns, reinforcing his stance against fracking and commitment to clean energy ...

Oil companies cheered Trump’s recent calls for a more streamlined process and a series of energy-related executive orders he ...

China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra ...

In short, no. Under the allegedly disastrous Biden administration, the average price of Brent crude oil, forecast to be ... Output from the Permian Basin areas in Texas and New Mexico has risen ...

But industry leaders have also been clear that these and other policy changes floated by Trump won’t lead to more drilling.

President Donald Trump’s call for a new oil boom will be thwarted by Wall Street’s reluctance to approve another drilling binge, shale bosses have warned. Total US oil output ...

In essence, oil is just too cheap to justify more drilling. If prices do go up, companies are likely to tap into Permian Basin shale in ... off the scent of richer deposits elsewhere, Daigle ...