Tag Archives: oil companies

BP Reports Surprise Production Jump At Mature Fields

BP reported a surprise increase in oil production from aging fields that, according to chief executive Robert Dudley, he hadn’t seen in his close to four-decade career in the industry. BP reported a 12-percent increase in oil production last year, to the highest level since 2010. In an interview with Bloomberg on the sidelines of […]

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Oil Industry Continues to Recover, but Focused on Texas

Exxon Mobil and Chevron said Friday that they plan to bring more drilling rigs to the increasingly crowded Permian Basin, heaping praise on the 75,000 square miles teeming with oil across West Texas and New Mexico, where drillers can pump more crude at lower costs than most places. But the focus on the Permian by […]

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