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As Big Oil Shrinks, Boards Plot Different Paths Out Of Crisis
Tuesday, February 09, 2016 As oil and gas companies cut deeper, boards adopt contrasting strategies to lead them out of the crisis.

Brent Oil Falls Most in 5 Months on Glut as Volatility Surges
Tuesday, February 09, 2016 Crude tumbles the most in five months in London as price volatility climbed to a seven-year high and Goldman Sachs warns of wider swings.

Chesapeake's Half-Billion Dollar Tab Spurs Credit Line Concerns
Tuesday, February 09, 2016 Chesapeake Energy's ability to pay off a half-billion dollars in debt next month hinges on its cash and credit line.

C&J Energy Services Plans to Lay Off 78 Workers
Tuesday, February 09, 2016 C&J Energy Services plans to lay off dozens of employees at its Pleasanton facility.

Genel to Resume Oil Drilling in Iraqi Kurdistan
Tuesday, February 09, 2016 Genel Energy, one of a handful of foreign oil producers in Iraqi Kurdistan, to resume drilling at its Taq Taq oilfield in the coming weeks.


  


Canadian Energy Companies Sell 'Jewels' To Keep Oil Sands Afloat
Tuesday, February 09, 2016 Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going.

Mexico's Pena Nieto Axes Pemex CEO, Orders Cuts Amid Oil Slump
Tuesday, February 09, 2016 Mexican President Enrique Pena Nieto removes chief at state oil firm Pemex, replaces him with the country's social security chief.

Halliburton May Sell Baker Hughes' Offshore Fluids Unit
Tuesday, February 09, 2016 More than a year after announcing its takeover of rival Baker Hughes, Halliburton adds more assets to those it will sell.

Anadarko Slashes Quarterly Dividend
Tuesday, February 09, 2016 Oil and gas company Anadarko Petroleum says it slashed its quarterly dividend to 5 cents per share.

Oil Drillers Exposed in Three-Way Hedges as Crude Dips Below $30
Tuesday, February 09, 2016 Oil at $30 a barrel is blowing a hole in the insurance that US shale drillers bought to protect themselves against a crash.

Goldman Sees More Oil Swings That Could Drag Price Below $20
Tuesday, February 09, 2016 Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs says.

Oil Traders Rush for Options to Protect Against Crude Gyrations
Tuesday, February 09, 2016 Oil traders scramble against price swings, send key index to its highest level since the worst of the global economic crisis in 2008.

Obama's $319 Billion Oil Tax Plan Raised to $10.25 a Barrel
Tuesday, February 09, 2016 President Barack Obama proposes budget to raise $319 billion during the next decade for transportation, other needs with a $10.25-per-barrel tax on crude.

Kemp: Saudi Reform Efforts Wax and Wane with Oil Revenues
Tuesday, February 09, 2016 Similar rhetoric employed in 1998 and 2016 is a reminder that efforts at political, social and economic reform in Saudi Arabia have waxed and waned with oil revenues, says Reuters analyst.

IEA Sees Global Oil Glut Worsening, OPEC Deal Unlikely
Tuesday, February 09, 2016 The world will store unwanted oil for most of 2016 as declines in US output take time while OPEC is unlikely to cut a deal with other producers to reduce output, the IEA says.

Why Oil, Gas is Still a Great Industry to Be In
Monday, February 08, 2016 Despite current market difficulties, there are really good reasons why workers should stay in oil and gas.

Oil Down On US Build Worry; Saudi-Venezuela Talks Uninspiring
Monday, February 08, 2016 Global oil markets fall 3% to settle down for a third straight day on worries that US crude stockpiles had reached new record highs.

As Big Oil Shrinks, Boards Plot Different Paths Out Of Crisis
Monday, February 08, 2016 As oil and gas companies cut ever deeper into the bone to weather their worst downturn in decades, boards adopt contrasting strategies to lead them out of the crisis.

Chesapeake Falls by Most Since '93 Amid Cash Drought Concern
Monday, February 08, 2016 Chesapeake Energy says it has no plans to seek bankruptcy protection, dismissing a report that wiped out half the US natural gas driller's value.

API: Obama Catering to Activists with Oil Tax Proposal
Monday, February 08, 2016 Oil and gas trade association criticizes recent White House proposal, says new tax on oil would be a "head in the sand" movement.

Fire On Mexico Pemex Platform Kills 3 Workers, Now Under Control
Monday, February 08, 2016 Three workers are killed and at least seven injured due to a fire on a Pemex oil processing platform in the Gulf of Mexico.

Cuadrilla Faces Five-Week Public Hearing on Fracking in UK
Friday, February 05, 2016 A pause on fracking in northwest England that cooled expansion of the practice in the rest of the country may end after a five-week public inquiry scheduled next week.

Pacific E&P Works to Make Bond Payments as Deadline Looms
Friday, February 05, 2016 Colombia's largest private oil producer works to avoid default on bond payments as it comes up against February deadline.

Hess Falls 11% on Stock Sales to Raise $1.43 Billion
Friday, February 05, 2016 Hess Corp, the New York-based oil and gas producer, says it will raise $1.43 billion from sales of stock and deposit shares after reporting its first annual loss since 2002.

US Jobs Report: Mining Down 7,000; Loss of 800 in Oil, Gas
Friday, February 05, 2016 Data from latest jobs report show that mining jobs declined for another consecutive month.

Fairway Energy Finds 1 Million Barrels of Crude Storage in Houston
Friday, February 05, 2016 Early construction of Fairway Energy's underground crude storage caverns in south Houston yields unexpected capacity.

Wood Mac: Producers Continue to Run Loss-making Oilfields
Friday, February 05, 2016 Less than 0.1% of global production has been halted to date even though 3.5% of global supply is currently cash negative, says Wood Mackenzie.

Moody's: Oil, Gas Loans Not Likely to Choke Big US Banks
Friday, February 05, 2016 Losses from souring oil and gas loans at the largest US banks are probably manageable, even if fuel prices remain low, according to Moody's Investors Service.

Oil Falls in Volatile Trade Ahead of Key Oil Producer Meeting
Friday, February 05, 2016 Oil prices end the week lower in choppy trading, snapping two weeks of gains, as speculation about possible deal between top oil producers clash with concerns about a growing supply glut.

Kemp: Obama's Budget Will Not Lead to $10 Oil Tax
Friday, February 05, 2016 President Barack Obama's proposed $10 per barrel oil tax, designed to address transportation issues, has no chance of becoming law says market analyst.

Obama Says US Should Take Advantage of Cheap Fuel With Oil Tax
Friday, February 05, 2016 President Obama defends his proposal for a $10-per-barrel tax on oil, says low gasoline prices provide an opportunity to finance transportation improvements.

Battle of Three Oil Benchmarks Upending Crude Flows Across Globe
Friday, February 05, 2016 The oil tanker Tofteviken setting sail from the UK this month carrying the first shipment of North Sea Ekofisk crude to the US Gulf Coast in five years.

Baker Hughes: US Oil Drillers Deepen Cuts in 7th Week of Declines
Friday, February 05, 2016 US energy firms cut oil rigs for a seventh week in a row to the lowest levels since March 2010, data shows.

Workers at Ivory Coast's State Oil Company Petroci Extend Strike
Friday, February 05, 2016 Workers at Ivory Coast's state oil company Petroci extend strike,. seeking to bring in employees from other companies to join their protest against layoffs, union officials say.

Oil Industry Keeps Champagne Flowing Despite Price Slump
Thursday, February 04, 2016 Despite the battering taken by oil prices in Azerbaijan and Algeria, their NOCs plan lavish hospitality for annual parties and networking.

Senate Blocks Energy Bill in Dispute Over Flint's Water
Thursday, February 04, 2016 Democrats block a bipartisan energy bill in the US Senate based on disagreements on aid for the lead-poisoned water system of Flint, Michigan.

Total Conducting Seismic Testing on Congo Oil Block
Thursday, February 04, 2016 French oil major Total conducts first seismic testing on oil block in northeastern Congo, a company spokeswoman confirms.

ConocoPhillips Cannibalizes Dividend as Occidental Holds Firm
Thursday, February 04, 2016 ConocoPhillips joins the ranks of oil explorers curtailing dividend payouts after suffering its steepest quarterly loss in almost a decade.

US House Republicans Vow to Kill Obama Oil Tax Idea
Thursday, February 04, 2016 Congressional Republicans promise to kill what they called an "absurd" idea by President Obama to levy $10-per-barrel oil tax.

As Oil Suffers, Colombia Eyes Tough Time for Bond Offer
Thursday, February 04, 2016 Colombia prepares to tap bond markets as slide in crude prices dents fiscal accounts threaten the oil exporting nation's credit standing.

MEG Energy Advances Oil Sands Maintenance as Low Prices Bite
Thursday, February 04, 2016 Canadian oil sands producer shifts maintenance at northern Alberta plant, saying the reservoir may naturally decline if weak prices persist.

Investors, Analysts Pan ConocoPhillip's Decision to Slash Payout
Thursday, February 04, 2016 Investors punish ConocoPhillips after slashing its payout for the first time in 25 years due to low oil prices and an uncertain outlook.

Stronger. Safer. Together.
Thursday, February 04, 2016 It's during the hard times in life when you discover who will work with you as a team. You find out who is willing to do what’s necessary to be successful.

Occidental Suffers Biggest Loss in 25 Years on Oil's Slump
Thursday, February 04, 2016 Occidental Petroleum posts its deepest quarterly loss in at least 25 years as plummeting crude prices destroy oil field value.

European Oil Giants Post Steep Profit Falls
Thursday, February 04, 2016 Oil giants Shell and Statoil reveal steep falls in profit in their fourth quarter financial results.

Crude Falls as Global Oil Supply Glut Outweighs Dollar Weakness
Thursday, February 04, 2016 Oil retreats as highest US crude supplies in more than 80 years outweigh the weakening US dollar.

Oil Tycoon Pickens Cashes Out on Oil, Awaits Time to Get Back
Thursday, February 04, 2016 Oil tycoon T. Boone Pickens, who made and lost fortunes targeting some of the largest U.S. crude explorers over the past 40 years, cashes out.

Q&A: The BSEE's Latest OCS Safety Program Initiative
Thursday, February 04, 2016 Rigzone speaks to BSEE Director Brian Salerno about the intricacies and implications of its latest pilot program, which is designed to improve offshore safety on the US Outer Continental Shelf.

Shell Posts Worst Performance on Oil Reserves Since 2004 Scandal
Thursday, February 04, 2016 Royal Dutch Shell says it depleted its oil and gas reserves faster than it replenished them in 2015, its poorest showing in 12 years.

Aramco Cuts Oil Pricing to Asia With Iran Set to Boost Exports
Thursday, February 04, 2016 Saudi Arabia lowers March pricing for Asian oil customers, showing no sign of letting up on its campaign to keep market share.

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Brent Crude Oil : $30.32/BBL 10.50%
Light Crude Oil : $27.94/BBL 5.89%
Natural Gas : $2.09/MMBtu 2.33%
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