In 2022, the oil and gas (O&G) sector had record earnings, which gave them plenty of cash flow to support their goals in 2023. O&G businesses have also been given a clear directive to ensure supplies while transitioning to cleaner energy in the long term. The...
Statistics from relevant authorities show that millions of Texas homes and businesses have been living without power for about a week. Winter storms and low temperatures have disrupted the local power system and refineries. The problem is also affecting other areas....
The 2020 pandemic had a damaging effect on many businesses. The oil and gas industry was particularly negatively impacted. Energy consumption dramatically decreased, prices dropped, and producers were left with product oversupply. As the world moves past the pandemic,...
2018 was a hard time for oil companies. Early 2018 saw oil prices shoot up in price; however, by the end of the year, the price of oil was down by 19%. Diamondback Energy, Concho Resources, Apache, Devon Energy, and Newfield Exploration were the oil companies that...