Rising costs are impacting new oil production, but shale projects and certain ... while deepwater has a slightly higher average CO2 intensity of 15 kg per boe. The oil sands sector again ...

Oil shale is a type of sedimentary rock formation that is used to produce oil ... The production process for oil shale is usually more expensive and capital-intensive than conventional crude oil.

According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...

JPMorgan estimates that U.S. crude oil production will grow by 3.6% between now and the end of the decade to reach about 13.5 million barrels a day. That compares to a roughly 13.4% increase in ...

American refiners are relying on oil supplies from the country’s biggest shale basins more than ever as flows of denser ...

In 2023, bp is investing more than $2 billion to increase its shale production by between 30 to 40% by 2024, compared to a 2022 baseline. bpx produced on average 325,000 barrels of oil equivalent ...

Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-stakes price war is starting to pay off, but Saudi Arabia will need to exert a lot more pain to make a ...

American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach. By Clifford Krauss Clifford Krauss, who is ...

Recycled cash allowed Devon to meaningfully pivot toward the Delaware and enjoy newfound exposure in the Bakken. Previously, Canadian heavy oil and the Barnett Shale made up 40%-50% of its production.