Topline The Biden Administration approved a multibillion-dollar oil drilling project in Alaska on Monday, known as the Willow project, a move that will appease Alaskan lawmakers while angering climate...
Tag: drilling
Controversial Alaska Oil Drilling Project Could Be Approved Monday—Here’s What You Need To Know
Topline The Biden Administration is reportedly set to approve a multibillion-dollar oil drilling project in Alaska on Monday, known as the Willow project, a move that would appease Alaskan lawmakers w...
How TikTok Users Are Mobilizing Against Proposed Alaska Oil Drilling Project
Topline Social media users have rallied against a proposed oil drilling project in northern Alaska over the past week, using the #stopwillow TikTok hashtag to educate viewers on the project’s potentia...
SLB Rolls Out Cement Alternative At CERA Week
Cement being poured by a cement truck. getty As the annual CERAWeek conference kicked off Monday morning, international energy service technology company SLB (formerly Schlumberger) made news with an ...
No Reason For Big Adjustments Amid Strong Demand, Price Environment
Indian Prime Minister Narendra Modi, center, greets the delegates at the ‘India Energy Week 2023’ in … [+] Bengaluru, India, Monday, Feb. 6, 2023. Over 500 energy industry heavyweigh...
5 Energy Stocks Gurus Are Drilling Into
Exxon Mobil reported a record profit for 2022. Other energy companies are also expected to do well on the back of high prices and strong demand. During the third quarter, gurus loaded up on ChevronCVX...
Biden moves toward approval for Alaska oil drilling project
Alaskan oil extraction site. Lowell Georgia | Getty Images President Joe Biden’s administration on Wednesday recommended a scaled-down version of a major oil drilling project in the North Slope ...
Oil And Gas Industry Mergers Dropped 13% During 2022
Aerial view of Natural Gas Well being drilled in northwestern West Virginia in the Marcellus Shale … [+] Formation photograph taken August 2020 getty In its annual report detailing activity arou...
ExxonMobil Strives To Please Everyone In New Strategic Plan
Indianapolis – Circa October 2021: Exxon Retail Gas station. getty ExxonMobilXOM announced Thursday that it will be raising its investments in pretty much all areas of its business, perhaps most...
Los Angeles bans oil and gas drilling within city limits
An oil pumpjack operates in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Los Angeles City Council has voted to ban new oil and gas drilling and...
Chevron will still be drilling in 2050: CEO Mike Wirth
Chevron Corporation (NYSE: CVX) will most certainly be drilling about thirty years from now, says CEO Mike Wirth – in contrast with President Biden who recently reiterated that the U.S. will pull out ...
M&A Boom May Not Lead To Drilling Spree In U.S Shale
The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the oil and gas M&A playbook. Previously, oil and gas companies made numerous aggressive tact...
Permian Basin Drives The U.S. Oil Industry Despite Limits On Growth
Oil Wells pumping outside of Midland Texas. (Photo by: Joe Sohm/Visions of America/Universal Images … [+] Group via Getty Images) Joe Sohm/Visions of America/Universal Images Group via Getty Ima...
Biden Promises ‘No More Drilling’ Just Days After Demanding More Drilling
YONKERS, NY – NOVEMBER 06: U.S. President Joe Biden speaks at a rally for New York incumbent Gov. … [+] Kathy Hochul and other state Democrats on November 6, 2022 in Yonkers, New York. Hoc...
Schlumberger Beats Profit Estimates as International Drilling Ramps Up
(Bloomberg) — Schlumberger posted its highest profit in seven years as overseas drillers put oil and gas rigs back to work, following North America’s lead amid tight global supplies. Most Read f...
Evolving Oil And Gas Shale Boom Appears Poised For M&A Surge
Oil Pump Unit Pumping in the Eagle Ford in South Texas getty “Scale equals relevance” is a prevailing theme in the U.S. oil and gas shale world currently, and Devon EnergyDVN gained scale in the Eagle...
ExxonMobil-Led Consortium Bucks Oil Industry Trends In Guyana
The Liza Destiny FPSO operating in deep waters offshore Guyana. ExxonMobil I wrote a few days ago about a new study from Rystad Energy which illustrates the scope and global importance of the developm...
Why Desperate Car Thieves Are Now ‘Drilling’ For Gas
Concurrent with the recent surge in fuel prices, gasoline thefts are reportedly on the rise. getty Auto-related crimes have risen dramatically throughout the pandemic era, with a record 936,315 being ...
Senators Tangle With Oil Experts In Hearing On Containing Energy Costs
Sen. Angus King, I-ME, during a hearing last year. Getty Images ‘Is your industry really that afraid of Joe Biden?’ Though gasoline prices are down 40 cents a gallon in recent weeks, Americans are sti...
Biden Continues Gas Price Blame Game While Preserving His Leasing Ban
WASHINGTON, DC – OCTOBER 08: U.S. President Joe Biden and Secretary of the Interior Deb Haaland … [+] celebrate the announcement of the expansion of areas of three national monuments at th...
EPA Targets Permian Basin, Widening Biden’s War On Oil And Gas
WASHINGTON, D.C. – APRIL 22, 2018: A flag with the United States Environmental Protection Agency … [+] (EPA) logo flies at the agency’s headquarters in Washington, D.C. (Photo by Rob...
A Strong Oil Industry Is Not Sustainable In Biden’s Confusing Policy Environment
WASHINGTON, DC June 30, 2021: President Joe Biden shakes hands with White House Chief of Staff Ron … [+] Klain before delivering remarks during a meeting discussing the devastating intersection ...
Environmental groups sue Biden to block oil and gas drilling permits
A polar bear sow and two cubs are seen on the Beaufort Sea coast within the 1002 Area of the Arctic National Wildlife Refuge. U.S. Fish and Wildlife Service | Reuters A coalition of environmental grou...
Oil Stocks: Crude Jumps Back Above $120 As Drilling Activity Flattens
A so-far lousy year for the stock market has been a godsend for oil stocks. Spiking natural gas and oil prices have replenished energy industry balance sheets thinned by the pandemic demand crash. And...
Biden reverses Trump move to open up more oil drilling in Arctic
A polar bear sow and two cubs are seen on the Beaufort Sea coast within the 1002 Area of the Arctic National Wildlife Refuge. U.S. Fish and Wildlife Service | Reuters The Biden administration on Monda...
Why aren’t US oil producers drilling more as prices rise? — Quartz
In a free market, the saying goes, high prices cure high prices. If some good or service costs a lot, people will see an opportunity to make money producing more of it, thus driving down the price. Re...
Biden’s Revival Of Oil Leasing Program Plays To Mixed Reviews
WASHINGTON, DC – OCTOBER 08: U.S. President Joe Biden hands a pen to Secretary of the Interior Deb … [+] Haaland after signing an executive order to expand the areas of three national monu...
Halliburton Earnings Due As Oilfield Services Demand Booms; Biden OKs New Drilling
Oilfield services giant Halliburton (HAL) will report first-quarter earnings on Monday as $100 crude oil and Russia’s Ukraine invasion is spurring a pickup in drilling activity. On Friday, the B...
Biden Wants Oil Companies to Pay Penalties on Unused Drilling Leases
(Bloomberg) — U.S. President Joe Biden wants oil drillers to pay penalties when federal leases go unused in an effort to prod the industry into pumping more. Most Read from Bloomberg The White H...
U.S. Oil Companies Have Increased Drilling By 60% In One Year
ODESSA, TEXAS – MARCH 13: A statue of a pumpjack and drilling rig sits next to a gas station in a … [+] city located in the Permian Basin oil field area on March 13, 2022 in Odessa, Texas....
Texas Survey Shows Why Oil Producers Aren’t Drilling More
Text size The Federal Reserve Bank of Dallas surveyed 141 oil and gas firms in the 11th Fed District, which includes Texas and parts of New Mexico and Louisiana. Spencer Platt/Getty Images Oil and gas...