News Categories: Industry Headlines News

Thursday, May 23, 2013 Crude-oil futures prices slash early losses and rebound with equities prices to settle just three cents lower at $94.25 a barrel.

Thursday, May 23, 2013 Brazil will sell a prospect estimated to hold between 8 to 12 billion barrels of recoverable crude oil at its first-ever pre-salt auction in October, ANP says.

Thursday, May 23, 2013 Brazil will hold its first auction of pre-salt oil exploration acreage under the country's new production-sharing regime in October, one month earlier than expected.

Thursday, May 23, 2013 Occidental may consider selling its overseas assets or splitting into three separate companies in order to fund a stock buyback and improve its share price, Chief Executive Steve Chazen tells investors.

Thursday, May 23, 2013 Marathon Oil says discussions to sell its 20% outside-operated stake in the Athabasca Oil Sands Project in Alberta were unsuccessful and talks with a prospective buyer have been terminated.

Thursday, May 23, 2013 Virginia Senators Mark Warner and Tim Kaine introduce legislation that would open up acreage offshore Virginia for energy leasing.

Wednesday, May 22, 2013 OSX Brasil has laid off more than 300 employees as part of a broader reorganization plan to reduce spending and focus on hard orders.

Wednesday, May 22, 2013 Qatar Petroleum International and Total sign a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share capital increase of this company.

Wednesday, May 22, 2013 Crude futures drop 2% on a government report showing rising fuel supplies and signs that the Federal Reserve may be closer to winding down stimulus efforts.

Wednesday, May 22, 2013 BP plans to increase the production capacity at the Rumaila oilfield by 750,000 barrels per day and aims to increase its spending in the country to $5 billion a year, a senior exec. says.

Wednesday, May 22, 2013 Institute of Directors' report claims investment in the UK shale gas industry could peak at $5.6 billion a year and support 74,000 jobs.

Wednesday, May 22, 2013 South Sudan has accused its neighbor Sudan of blocking oil flow from its Unity state.

Tuesday, May 21, 2013 Ernest Moniz promises a review of the government's existing studies of nat gas exports, raising the possibility that the US might re-do the analysis that has underpinned previous permit approvals.

Tuesday, May 21, 2013 Five US states besides Texas and North Dakota make a significant contribution to the growth in US oil production.

Tuesday, May 21, 2013 Chesapeake announces it will make a cash donation of $1M to the American Red Cross to be used in the rescue and recovery efforts to aid the victims of the devastating tornadoes that hit Moore, Oklahoma.

Tuesday, May 21, 2013 ConocoPhillips announces a contribution to the American Red Cross to support relief efforts following the recent tornadoes in Oklahoma.

Tuesday, May 21, 2013 A federal judge has dismissed a criminal charge against a former BP executive that alleged he tried to obstruct a Congressional investigation into the Deepwater Horizon incident by lying about the amount of oil flowing from the well.

Tuesday, May 21, 2013 Shell CEO says that the EU probe into oil price manipulation has made no adverse findings against the company.

Tuesday, May 21, 2013 The state has accused companies involved with the oil spill of violating environmental laws and is seeking damages for lost revenue.

Tuesday, May 21, 2013 US crude futures fall, snapping a four-session rally as investors pause ahead of weekly oil-inventory data and testimony from Ben Bernanke.

Monday, May 20, 2013 PT Pertamina's Chief Executive is front runner to head Indonesia's Coordinating Board for Investment, according to sources.

Monday, May 20, 2013 Oil futures climb to a seven-week high amid optimism over the US economic recovery and the prospect of rising crude demand this summer.

Monday, May 20, 2013 A crude-by-rail terminal under development near Philadelphia could become an East Coast oil trading hub.

Monday, May 20, 2013 Chesapeake plucks a 46-year-old executive from a rival oil-and-gas company to succeed Aubrey McClendon as chief executive of the nation's second-largest natural-gas producer.

Monday, May 20, 2013 Eighty-nine New York landowners who once agreed to let Norse Energy drill for natural gas on their property have filed a lawsuit against the struggling company.

Monday, May 20, 2013 The European Union will review hydraulic fracturing and the environmental concerns surrounding the practice this year, EU Energy Commissioner Guenther Oettinger says.

Sunday, May 19, 2013 Japan is pledging $2 billion for energy and mineral projects in Africa as it seeks to catch up with years of Chinese investment.

Friday, May 17, 2013 A rebel attack on CNCP workers at a compound in Myanmar will not delay the launch of pipelines due to start pumping oil and gas into China later in 2013, according to an official.

Friday, May 17, 2013 Greenland's new government clarifies its stance on allowing more offshore oil exploration.

Friday, May 17, 2013 Oil futures rise to a one-week high, as broader markets rally on positive US economic data.

Friday, May 17, 2013 Successful recruitment and staff retention has become more vital to the success to resources sector operators than ever before, the recent HR Leaders Resources Summit on the Gold Coast was told.

Friday, May 17, 2013 The Obama administration clears the way for broader natural gas exports by approving a $10B facility in Texas, a milestone in the US transition into a major supplier of energy for world markets.

Friday, May 17, 2013 Transocean shareholders reject a $4 a share dividend proposal by activist investor Carl Icahn but oust long-time company Chairman Michael Talbert.

Thursday, May 16, 2013 Just as US companies have revolutionized the global shale-gas industry, businesses working in Argentina have the opportunity to set new standards in shale-oil production, according to YPF and Chevron.

Thursday, May 16, 2013 Petrobras, BP and Total rank among companies winning exploration blocks offshore Brazil in the nation's 11th bidding round, the first since December 2008.

Thursday, May 16, 2013 Hess settles a months-long proxy fight hours before a shareholder vote, agreeing to name three directors backed by dissident hedge fund Elliott Management Corp.

Thursday, May 16, 2013 Crude-oil futures prices settle higher, climbing on hopes for rising demand as the peak summer gasoline demand season approaches.

Thursday, May 16, 2013 The Department of Interior seeks comments on the updated rule that would govern hydraulic fracturing on US federal and Indian lands.

Thursday, May 16, 2013 The US Senate confirmed Ernest Moniz, a nuclear physicist who has lauded the US natural gas boom, as the next US Energy Secretary.

Wednesday, May 15, 2013 AmericaCNG will begin rolling out in September mobile plants that will allow producers to monetize their natural gas liquids and convert methane production to LNG or CNG.

Wednesday, May 15, 2013 Allegations of oil-price manipulation by large firms in the energy sector are "extremely concerning," UK Prime Minister David Cameron's spokesman says.

Wednesday, May 15, 2013 Crude-oil futures end a turbulent session little changed, after a report shows an unexpected drop in US oil stockpiles but also points to sliding gasoline demand.

Wednesday, May 15, 2013 Iraq's government criticizes a deal between Turkey and the Kurdistan region of Iraq to develop oil projects.

Wednesday, May 15, 2013 Policy makers in Washington should know that finding ways to expanded production on the OCS does not mean they are shirking their responsibilities to provide oversight.

Wednesday, May 15, 2013 YPF and Chevron move closer to finalizing an agreement that would see the US energy company invest $1.5 billion to develop shale oil deposits in the South American country.

Tuesday, May 14, 2013 Scientists return from a 15‑day research expedition in the northern Gulf of Mexico with high-resolution seismic data and imagery of sediments with high gas hydrate saturations.

Tuesday, May 14, 2013 Increased local consumption is pushing Kuwait to tap the development of difficult and unconventional resources.

Tuesday, May 14, 2013 Exports of oil from northern Iraq are suspended after a bomb attack against a key pipeline.

Tuesday, May 14, 2013 CNOOC pulls out of an auction of oil and natural gas exploration concessions in Brazil, the country's ANP says.

Tuesday, May 14, 2013 A recruiter tells Rigzone that an uptick in deepwater activity has contributed to a marked increase in demand for riser, drilling and completion engineers worldwide.