At present, oil extraction in the United States sits at record levels of roughly 13.2 million barrels per day. No wonder oil is so expensive. Wait, what’s that you say? U.S. extraction at record ...

Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined. That's not science fiction.

With the world’s reserves of light oil diminishing, oil companies are increasingly turning to heavier varieties – which make up 70% of global oil reserves – to meet rising energy demands. Existing ...

PHNOM PENH, Cambodia (AP) — Cambodian Prime Minister Hun Sen said Tuesday that the country’s long-awaited first commercial extraction of oil has finally begun. Speaking nationwide on state television, ...

By Ben Aris in Berlin A wave of new rich nations oil and gas extraction projects approved since 2022 will consume nearly one-fifth of the world’s remaining carbon budget for limiting global warming to ...

Historically, lithium has been produced using two approaches: hard rock mining of spodumene deposits, as seen at the ...

Exxon Mobil, Chevron and Occidental Petroleum are betting big on emerging technologies to extract lithium from drilling wastes and salt flats. Since oil and gas drilling began nearly 150 years ago, ...

The number of employees in the oil and gas extraction industry has dropped by thousands since the start of the year, data on the U.S. Bureau of Labor Statistics website shows. Image by BitsAndSplits ...

DENVER, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the “Company”) today announced it has successfully completed its financial restructuring process and ...