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View all search resultsUS shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced.
The four oil and gas projects which are scheduled to begin operation in the first quarter this year include three gas projects that have a collective output of 80 million cubic feet per day (mmscfd).
Oil producer Apache Corp and its joint venture partner Total SA said on Thursday that they made their second significant oil discovery of the year in a closely watched area off the coast of South America's Suriname.
Many countries around the world are successful without the benefit of the natural resource base Indonesia holds. The Indonesian economy has transitioned from one of a net crude oil exporter to a net crude oil importer. Yes, painful at times, but the economy has adjusted and grown.
The new decade started on a turbulent note for the oil markets with the United States and Iran coming closest than they ever have to a direct conflict following the US killing of Iranian military commander Qassem Soleimani in a drone strike in Baghdad on Jan. 3.
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