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.
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.
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.
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.
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.
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.
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.
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.
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.