Lower profits at major oil companies could further diminish the appetite to drill more. The dimming outlook for oil prices could lead to capex cuts and lower drilling ... that U.S. crude output ...

President Joe Biden's move to protect offshore areas is largely symbolic, but the economic factors that may limit oil output ...

Chevron has developed a new oil drilling process that was difficult until recently. This could mean a sharp rise in crude oil ...

Sable’s plan — to resume drilling ... in the process of being decommissioned. They include Platform Holly, which shut down after the 2015 oil spill at Refugio beach that poured crude into ...

18 (Xinhua) -- Powered by intelligent technologies, China's Shengli Oilfield has achieved the capability to drill shale oil wells to depths almost 6,000 meters in just 17.7 days. The drilling ...

Meanwhile U.S. refiners are set to process 16 million bpd of crude oil in 2025, down by 200,000 bpd compared with 2024, the EIA said. The decrease in refinery runs is partially due to a reduction ...