Exploration & Production

US shale producers are slamming the brakes on next year’s drilling with crude prices off 40 per cent and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier.The reversal is alarming because blistering growth in shale fields has propelled US crude output 16 per...






Mexico’s new leftist president has pledged to revive the fortunes of state oil company Pemex with a bigger budget next year - while proposing the oil giant pay even more in taxes.The former monopoly oil producer, officially known as Petroleos Mexicanos, is due to contribute more revenue to the...






US energy firms added oil rigs for the first time in the past three weeks despite sharp declines in crude futures prices to their lowest since the summer of 2017.Drillers added 10 oil rigs in the week to December 21, bringing the total count to 883, General Electric Co’s Baker Hughes energy services...






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