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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.

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.

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.

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.

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.


  


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 U.S. Banks
Friday, February 05, 2016 Losses from souring oil and gas loans at the largest U.S. 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.

EU Clears Acquisition of Cameron by Schlumberger
Friday, February 05, 2016 The European Union clears the purchase of equipment maker Cameron International by Schlumberger, the world's No.1 oilfield services provider.

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.

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.

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.

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.

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.

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 Royal Dutch Shell plc and Statoil ASA 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.

Suncor Cuts Spending After Surprise Loss on Asset Writedowns
Thursday, February 04, 2016 Suncor Energy cuts spending by about 10% this year amid writedowns on the value of Canadian, Libyan and offshore assets.

Texas Toughness In Oil Patch Shows Why US Still Strong At $30
Thursday, February 04, 2016 Texas has a message for $30 crude doomsayers: Bring it on.

Obama To Seek New Tax On Oil In Budget Proposal
Thursday, February 04, 2016 US President Obama proposing a $10-a-barrel fee on oil in his budget plan next week in effort to boost investments in clean transportation.

Despite Extremely Bearish EIA Data, Oil Markets Gain on Weaker Dollar
Wednesday, February 03, 2016 A weaker dollar and relatively positive Chinese economic data lift prices.

Anadarko Ceases Production at Independence Hub in Gulf of Mexico
Wednesday, February 03, 2016 Anadarko Petroleum's last producing well at the Independence Hub in the US Gulf of Mexico goes offline.

Abu Dhabi to Take Billions From ADIA for Debt, Fitch Says
Wednesday, February 03, 2016 Abu Dhabi Investment Authority's assets expected to shrink by billions of dollars as the emirate reacts to deficit from low oil prices, Fitch says.

Commodity Bull Cycle Seen Rising From Ashes as Oil Bottoming
Wednesday, February 03, 2016 Europe's largest publicly traded asset manager says the oil price could rally as high as $50 a barrel in a few months.

CGG Completes Rights Issue, Says Has Liquidity to Weather Crisis
Wednesday, February 03, 2016 French seismic survey group says it has raised $387 million in a rights issue that should help it weather crisis in oil services.

Sources: Saudi Aramco to Keep Same Number of Oil, Gas Rigs
Wednesday, February 03, 2016 Industry sources expect Saudi Aramco keep the same number of its oil and gas drilling rigs this year despite weak oil prices.

Keystone Foes Take Aim at Obama's Atlantic Oil Drilling Plan
Wednesday, February 03, 2016 Keystone XL environmentalists trying to convince the White House to reverse decision to allow oil drilling off the Atlantic coast.

CFO Says Booz Allen Hit By Oil Prices, But Sees Opportunities in Mideast
Wednesday, February 03, 2016 Low oil prices have hurt Booz Allen Hamilton's business in the Middle East, but CFO says conflict there may present other opportunity.

Macquarie Cuts Its Profit Forecast for Commodities Business
Wednesday, February 03, 2016 Macquarie cuts full-year forecast as falling oil prices and a selloff in US credit markets take a toll on client activity.

Texas Railroad Commission, Mexico Discuss Shale Development
Wednesday, February 03, 2016 Mexico's Ministry of Energy (SENER) is seeking to learn how it can replicate the success of South Texas' Eagle Ford shale.

Oil Seen Surging About 50% By Fourth Quarter As Supply Eases
Wednesday, February 03, 2016 Oil bulls distressed that last week's rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.

Insurance Officials: Race for Iran Oil Cargoes Could Be False Start
Wednesday, February 03, 2016 Oil companies racing to benefit from Iran's new status risk tankers being left in limbo by international insurers' reluctance.

Oil Rises After Russia Says Open to Talking to OPEC
Wednesday, February 03, 2016 Oil rose after Russia repeated its willingness to talk with OPEC, but analysts say rising US crude inventories could put slow the the rally.

Barometer of Shale Oil Industry's Health Warns Agony to Get Worse
Wednesday, February 03, 2016 Oilfield equipment giant National Oilwell Varco warns the pace of drilling and fracking will only slow more as 2016 drags on.

European Commission extends Halliburton-Baker Hughes deal review
Wednesday, February 03, 2016 Oilfield services provider Baker Hughes says the European Commission had extended the review of its merger with Halliburton by 20 working days.

Six Oil Producers Agree on Emergency Meeting, Iran's Shana Says
Wednesday, February 03, 2016 Six oil-producing countries have agreed on an emergency meeting between OPEC and non-OPEC member states, according to Iran's oil ministry.

Small Asian Firms Seize Upstream Opportunities in Weak Market
Wednesday, February 03, 2016 Small Asian companies find the prolonged weakness in global oil prices an opportune time to purchase stakes in upstream oil and gas assets.

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