[HOUSTON] Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world's biggest shale oil field prepares for mergers.

OPEC crude oil shipments to the world's largest economy sank to a 30-year low as part of an effort by the cartel and its allies to balance supplies and counteract America's shale boom....

CHEVRON Corp and Exxon Mobil Corp plan to sharply increase their oil production in the world's largest shale basin over the next five years, flooding markets with new supplies as demand...

THREE years ago, influential figures in the oil industry were sounding a clear warning: prices were too low, investment was collapsing and by the end of the decade the world would face a shortage...

DRILLERS in America's most prolific shale basins have a US$34 billion headache that private equity wants to provide a cure for....

US CRUDE oil production will continue to grow through 2019 and 2020, but at a much slower pace than in 2018, according to the latest forecasts from the US Energy Information Administration.

US shale producers are slamming the brakes on next year's drilling with crude prices off 40 per cent and mounting fears of oversupply, paring budgets that in some cases were set only weeks...

EXXON Mobil Corp has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world's biggest oil company by market value is pursuing US...

[HOUSTON] US shale producers cheered The Organization of the Petroleum Exporting Countries (Opec's) decision to trim output, a move that sent crude prices higher on Friday, closing at levels...