Ongoing increases in production and consumption of shale gas continue adding carbon emissions to the atmosphere as industrial ...

Colombian President Gustavo Petro ordered the state-run oil company Ecopetrol to cancel a joint venture with a US-owned company, citing environmental concerns. The partnership was expected to produce ...

Ecopetrol had announced on Monday it would renew its operations with Oxy in the Permian basin, an oil producing region that ...

EIR also said in the release that international buyers “are coming back to U.S. shale ... Basin for a combined $3.95 billion,” EIR noted in the release. “That pair of deals drove the Permian ...

(Bloomberg) -- Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite ... from the most-prolific shale field will be 9% to 10% higher than ...

Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.

In essence, oil is just too cheap to justify more drilling. If prices do go up, companies are likely to tap into Permian Basin shale in Texas and New Mexico rather than seek offshore reserves ...

Despite President Donald Trump’s calls to “drill, baby, drill,” many oil companies operating in the Gulf of Mexico will likely do what they’ve done for years: sit on hundreds of untapped oil leases ...

Exxon Mobil posted strong fourth quarter profits as the oil and gas company increased production in the Permian basin at home, and in Guyana. The Texas company earned $7.61 billion, or $1.72 per ...