Tag: Straddling hydrocarbons reserves

An oil drilling rig stands in Reeves County, Texas. Once an afterthought, the Permian Basin is now first and foremost for the biggest American oil pro

Bloomberg/Washington If the Democrats take over the US House of Representatives in this week’s midterm elections, it could renew momentum i

AFP/Paris US President Donald Trump’s decision to pull the US out of the 2015 nuclear accord with Iran and reimpose a raft of sanctions puts

BRUSSELS (Reuters) - Ten European Union finance ministers want any unsustainable public debt in the euro zone to undergo restructuring, with losses im

Exxon Mobil reported a big jump in third-quarter profits yesterday on higher oil prices and refining margins, and said the production ramp-up at key n

Energy storage on a commercial scale is the holy grail for supporters of renewables, including French President Emmanuel Macron. Unfortunately for

Chesapeake Energy Corp is buying oil producer WildHorse Resource Development Corp in a nearly $4bn deal, it said yesterday, as it looks to increase oi

SINGAPORE (Reuters) - High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the Inte

LONDON/RIYADH (Reuters) - OPEC signaled on Thursday it may have to return to oil production cuts as global inventories rise, in a statement that may f

Bloomberg/London Countries heavily reliant on oil and gas for revenue must diversify their economies or face worsening finances, the Internat