ExxonMobil to power Texan oil basin with wind and solar

The energy giant has teamed up with Danish renewable energy firm Ørsted to source the clean power

BP buys US shale oil and gas assets for $10.5bn

It is the UK energy giant’s largest deal in almost 20 years

Permian Basin wells break-even as low as $22 per barrel

GlobalData says this is partly enabled by companies drilling much longer sideways wells

Mature ‘super basin’ in US breaks 44-year oil record

A mature ‘super basin’ located in Texas and New Mexico has set a new oil-production record, beating its previous peak set in 1973. The Permian Basin has reached a new production volume of at least 815 million barrels in 2017, far exceeding its previous peak of 790 million barrels, according to new analysis from information […]