Many companies say they cannot drill profitably if oil prices fall under $65 a barrel. New tariffs will make it more expensive to buy steel and equipment, industry watchers said, which could ...

The U.S. is the world's largest oil producer, pumping some 13.55 million barrels per day, employing millions of workers and generating trillions of dollars annually. Trump campaigned on the motto of ...

Burgham touted ramping up oil and gas drilling in coastal areas. Related Trump loosens coal mining restrictions as part of efforts aimed at 'unleashing American energy' Trump invites oil industry ...

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.

For shale drillers, this translates into a dangerous loss of demand for crude oil that will not be able to support current drilling, let alone any expansion.

The plunge in oil prices to four-year lows has seeded doubt as to whether the oil and gas industry will be able to deliver more drilling, as President Donald Trump has sought. Just after 11 a.m ...

In an in-depth and absorbing conversation, Oil&Gas Middle East posed some weighty questions to Youssef Salem, ADNOC Drilling’s Chief Financial Officer, to help explore how the company is pushing the ...

The bill would prohibit oil and gas drilling near three National Estuarine Research Reserves (NERRs), including Apalachicola Bay. Supporters emphasize the economic importance of clean water for ...

President Trump’s tariff polices have sent oil prices falling, which may push energy companies to reconsider their plans to drill. By Claire Brown President Trump’s tariffs are posing a major ...

By Lisa Friedman The Trump administration has opened thousands of acres of land in Nevada and New Mexico to oil and gas drilling, geothermal development and hard-rock mining, reversing protections ...

The oilfield, around 170 km (106 miles) off the coast of Shenzhen in south China’s Guangdong Province, sits at an average water depth of 100 metres, the report said, adding that test drilling has ...