Natural Gas/Oil Extraction

A tense relationship between the Biden administration and the oil industry is clouding the prospects for a unified response to the growing threat of energy shortages and surging gasoline…

The U.S. oil giant said Tuesday that it is preparing to shut down production from the massive Sakhalin Island development in Russia’s Far East. Exxon…

LONDON—Some of the West’s biggest oil companies could find themselves in the crosshairs of sanctions now being drafted by their home governments against Russia.The U.S. and Europe aren’t…

A federal judge invalidated the lease sale of 80 million acres in the Gulf of Mexico that the U.S. Department of Interior had made available for oil and gas drilling, saying regulators used…

Frackers in America’s hottest oil field are facing an expensive new setback: earthquakes.Shale companies in West Texas will have to pay more to move millions of barrels of wastewater that…

Shale companies are on track to spend a little more money pumping oil next year, but most aren’t opening up the spigots, even as prices top $80 a barrel.Capital investments in U.S. oil…

American frackers, already struggling to hire enough workers, are concerned that the coming U.S. vaccine mandate will worsen the situation at a time of rising oil and gas prices.Many of the…

Shale companies amassed huge cash piles in the second quarter as oil topped $70 a barrel, but many missed greater sums after hedging contracts curtailed their profits.…

A federal judge in Louisiana issued a preliminary injunction blocking the Biden administration from pausing new oil and gas leases on federal land.Judge Terry A. Doughty of the U.S. District…

For years, Danish Oil and Natural Gas Co. did what many other big oil companies do: pumped hydrocarbons out of the North Sea.Today, it’s the world’s largest developer of offshore wind…