Edition:
United Kingdom

Jennifer Hiller

U.S. oil fields flared and vented more natural gas again in 2019 -data

03 Feb 2020

The U.S. drilling industry flared or vented more natural gas in 2019 for the third year in a row, as soaring production in Texas, New Mexico, and North Dakota overwhelmed regulatory efforts to curb the practice, according to state data and independent research estimates.

Second person dies from blast at Chesapeake well site

01 Feb 2020

HOUSTON An explosion this week at a Texas oil well has claimed a second fatal victim and two others injured by the blast remain hospitalized, Chesapeake Energy Corp said on Friday.

UPDATE 3-Second person dies from blast at Chesapeake well site

01 Feb 2020

HOUSTON, Jan 31 An explosion this week at a Texas oil well has claimed a second fatal victim and two others injured by the blast remain hospitalized, Chesapeake Energy Corp said on Friday.

Exxon, Chevron results augur tough year ahead, shares drop

31 Jan 2020

HOUSTON Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signalling a weak start to the new year.

Investing to boost crude output rewards oil majors with glut, slim profits

31 Jan 2020

The world's largest oil companies invested billions of dollars to boost crude production and their success has turned around and bit them -- and their shareholders.

Exxon quarterly profit falls 5.2% on weak refining, chemical margins

31 Jan 2020

HOUSTON Exxon Mobil Corp on Friday reported a 5.2% drop in fourth-quarter profit on weaknesses in chemicals and refining and flat oil and gas output, with asset sales helping to stem the decline.

At Exxon, CEO's promised turnaround sapped by chemicals, refining

28 Jan 2020

HOUSTON At Exxon Mobil Corp , CEO Darren Woods' plan to revive earnings at the largest U.S. oil and gas company is being sidetracked by the two businesses he knows best: chemicals and refining.

UPDATE 1-Exxon to start loading first crude cargo from Guyana this weekend

17 Jan 2020

GEORGETOWN/HOUSTON, Jan 17 The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday.

U.S. shale producer shares spike with oil prices but rise seen as fleeting

03 Jan 2020

HOUSTON/DENVER Shares of U.S. shale producers climbed on Friday as Middle East tensions boosted oil prices to an eight-month high, but the bump is likely to prove temporary as companies stay focused on cost-cutting in 2020.

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