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 ...

Sergey Sitnov, Senior Research Associate of the Laboratory, is one of the seven 2017 Russian Presidential Grant winners from KFU. His work at the laboratory focuses on finding ways to increase ...

The University of Texas, which is making millions from land it leases for oil and gas drilling, is getting close to overtaking Harvard University as the school with the largest endowment. So when it ...

This essential American industry is involved in the exploration, development, and the production of petroleum or natural gas from wells. It also includes the extraction of crude petroleum from shale ...

It’s fitting that this first column of 2011 takes a look into the crystal ball -- at the energy source that pretty much defines our culture. That we consume oil prodigiously is an understatement. The ...

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, ...

The fate of the U.S. shale industry seems to be doomed, at least in the near term, with industry players projected to write down the value of their assets by a whopping $300 billion, per a recent ...

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 ...