‘Sticker shock’ in the oil patch

‘Sticker shock’ in the oil patch

One thing to start:

Welcome back to Energy Source after the short break!

A world desperate for more oil is going to be paying a lot more to get it out of the ground, I report in our first item in today’s newsletter. Myles looks at a big hole in the Biden administration’s efforts to crack down on methane, the powerful greenhouse gas, in our second item. And in Data Drill, Amanda has numbers on which American cities are putting up the most solar panels.

Thanks for reading.

Join us May 7 at our inaugural US edition of the FTWeekend Festival, where Henry Kissinger, Chimamanda Ngozi Adichie, William J Burns, Tina Brown, Jennifer Egan and more will be in attendance. Claim 50 per cent off your pass using our exclusive newsletter discount FTNewslettersxFTWF22. We look forward to welcoming you, in Washington, DC or virtually.

Oil drillers see ‘very busy years ahead’ on high crude prices

The oil drilling boom is on.

That’s the message this week from Halliburton and Baker Hughes, two of the world’s top oilfield services groups, which carry out the frontline work for oil and gas producers such as drilling and fracking new wells.

“At $100 a barrel, everything is busy,” Jeff Miller, chief executive