Oil Industry Shuts Platforms, Rigs, Refineries Ahead Of Hurricane LauraOil and gas producers have evacuated platforms and rigs in the Gulf of Mexico and companies are shutting down refineries in the path of Hurricane Laura.
Texas-Based Exxon Mobil Loses $1 Billion+, Dropped From Dow After Nearly 100 YearsIrving-based Exxon Mobil Corp. lost $1.1 billion in the second quarter, and the oil producer brought in $32.6 billion in revenue, less than half of what it brought in at the same time last year.
Thousands Allowed To Bypass Environmental Rules Amid Coronavirus PandemicFacilities won permission more than 3,000 times to skimp on compliance during the sweeping government clemency.
Texas-Based Exxon Mobile Lost $1B In Second Quarter As Oil Use Continues To FallIrving-based Exxon lost $1.1 billion in the second quarter, its economic pain deepening as the coronavirus pandemic kept households on lockdown.
Oil Futures Drop Below Zero, Some Bottled Water Costs More Than Barrel Of CrudeDue to the COVID-19 outbreak, local and state governments have forced most businesses to close and most people to stay home, creating a massive glut of oil.
Dozens Of Coronavirus Cases Confirmed On Offshore Oil Platforms In Gulf Of MexicoMore than two dozen people working on oil platforms in the Gulf of Mexico have tested positive for the coronavirus, the Coast Guard said.
As Prices Plummet, The Oil And Gas Industry Scrambles To Keep Businesses AfloatThe global economic crisis caused by the coronavirus pandemic has devastated the oil industry in Texas and across the U.S., which pumps more crude than any other country.
Fewer Open Businesses, Flights & Drivers Could End With The World Running Out Of Space To Store OilWith an unprecedented collapse in oil demand, that has sent crude crashing to 18-year lows, the world could soon run out of room to store all the unneeded barrels of oil.
S&P Trading Halts After Huge Drop And Fed Emergency Rate CutStock trading was halted on Monday after the Federal Reserve's emergency action plan did little to squeal Wall Street's fears of a recession because of the coronavirus pandemic.
Trading Temporarily Halted After Dow Jones Drops More Than 2,000 PointsThe Dow Jones fell so sharply -- plummeting 1,800 points at the open -- that circuit breakers tripped and trading on the New York Stock Exchange had to be halted.
North Dakota Regulators OK Expanded Dakota Access PipelineNorth Dakota regulators have unanimously approved expanded capacity for the Dakota Access pipeline.