American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.
Tag: Shale
As Western Oil Giants Cut Production, State-Owned Companies Step Up
In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns.
Why $4-a-Gallon Gas May Be Coming Your Way This Summer
The oil industry, known for boom-bust cycles, is resisting the temptation to pump more oil — for now.
‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.
Exxon Mobil is struggling to find its footing as demand for oil and gas falls and world leaders and businesses pledge to fight climate change.
Oil Industry Expresses Concern, Not Alarm, About Biden Comments
After the candidate called for a “transition” away from oil and gas, executives said the country would need fossil fuels for decades to come.
Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers
With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.
Oil Companies on Tumbling Prices: ‘Disastrous, Devastating’
The use of gasoline and other fuels is dropping as Saudi Arabia and Russia increase production, sending oil prices to their lowest level in a generation.
U.K. Halts Fracking in England, Citing Quake Concerns
Boris Johnson’s government, which is preparing for a general election, said the ban would be in place until there was “compelling new evidence” that it could be carried out safely.
Saudi Arabia Negotiating to Buy U.S. Natural Gas From Sempra Energy
The deal would be Saudi Aramco’s first large purchase of American gas and signals that the country wants to extend its energy industry beyond oil.
China Experiences a Fracking Boom, and All the Problems That Go With It
A series of three earthquakes in the heart of China’s fracking country has raised fears among residents of the technology’s impact.