Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.
Category: Production
Alaska Airlines 737 May Have Left Boeing Factory Missing Bolts, N.T.S.B. Says
A photo indicates that bolts in a fuselage panel were removed at a Boeing factory and not replaced, the National Transportation Safety Board said.
Surging U.S. Oil Production Brings Down Prices and Raises Climate Fears
American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.
In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
Russia to Cut Oil Output in Response to Western Sanctions
Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent, an announcement that sent the price of oil higher.