Results 50 articles shown
Cenergy CEO Still Eyes Growth Despite Industry Downturn
Friday, February 12, 2016 June Ressler shares her journey as CEO of Cenergy International, including the obstacles and successes she has experienced along the way.
China's Natural Gas Demand Feels the Heat from Economic Slowdown
Friday, February 12, 2016 In regard to China's gas demand growth, will the proverbial glass be half-empty or half-full in 2016?
Oil Rockets From 12-Year Low On Renewed Talk Of OPEC Cut
Friday, February 12, 2016 Global oil prices surge as much as 12% after a report once again suggested OPEC might finally agree to cut production to reduce the world glut.
Aker Posts Lower Profits, Cuts Workforce Salary
Friday, February 12, 2016 Aker Solutions becomes the latest oil and gas services company to announce a fresh round of cuts amid the lower oil price.
US Oil Explorers Park Rigs as Crude Below $20 Seen
Friday, February 12, 2016 Explorers idled more drilling rigs in US oilfields this week as record supplies begin to make crude prices in the teens a real possibility.
Musings: Low Prices And Liberal Politics Change Canada's Energy Biz
Friday, February 12, 2016 G. Allen Brooks takes a look at the changing energy world in Canada in light of its new pipeline review criteria and the Alberta royalty review.
Larger UK Offshore Workers Could Force Helicopter Safety Changes
Friday, February 12, 2016 Robert Gordon University survey finds that male offshore workers are larger than a typical UK male, which could affect how offshore workers are evacuated from ditched helicopters.
Consultancy: Hunt For UK North Sea Oil, Gas To Hit 45-Year Low
Friday, February 12, 2016 The number of new exploration wells to be drilled in the UK part of the North Sea this year is set to be the lowest since the hunt for oil and natural gas began there in the early 1970s.
Baker Hughes: US Oil Drillers Cut Rigs To Least In 6 Years
Friday, February 12, 2016 US energy firms this week cut oil rigs for an eighth week in a row to the lowest levels since January 2010, data shows.
It'll Take More Than An Oil Rally To Restart Shale Boom
Thursday, February 11, 2016 Explorers in US oil fields stung by the quick rise and fall in the market last year are expected to move cautiously when crude prices begin to climb again.
DNO, Total Report Record Output amid 4Q Losses
Thursday, February 11, 2016 European energy firms DNO ASA and Total record report production outputs in 2015 amid fourth quarter losses.
IPAA: Industry Must Be Willing To Ask Politicians Tough Questions
Thursday, February 11, 2016 Federal regulatory challenges to producers will remain even after the Obama Administration moves out of the White House, industry group tells NAPE 2016 audience.
Maersk CEO: Oil Above $55 Is A Long-Term Inevitability
Thursday, February 11, 2016 After testing a 12-year low, the price of oil simply has to go up.
Meet the Texas Railroad Commission's New Executive Director: Kim Corley
Thursday, February 11, 2016 Less than two weeks in the new position, Texas Railroad Commission's Executive Director Kim Corley shares her excitement with working with commissioners and continuing the agency's mission.
Total CEO: Oil, Gas Industry Must Engage in Climate Change Challenge
Thursday, February 11, 2016 Total CEO Patrick Pouyanne says the energy industry needs to get involved with the issue of climate change in a positive way after December's COP21 deal.
US Oil Hits 12-Year Low On Stockpile Surge, Risk Aversion
Thursday, February 11, 2016 US crude slid, hitting 12-year lows as domestic stockpiles grew, Goldman Sachs called for depressed prices until the second half of the year and investors fled.
Oil Minister: Foreign Oil Companies To Settle Iran's Debt In Euros
Wednesday, February 10, 2016 Iran's oil minister said foreign oil companies that owe his country billions of dollars are likely to settle their debts in euros.
Digital Shadows Offers New Defense to Oil, Gas Cyberthreats
Wednesday, February 10, 2016 A UK-based company offers a new approach to cybersecurity monitoring for oil and gas and other industries.
Persistent Global Supply Overhang Bears Down on Oil Prices
Wednesday, February 10, 2016 Oil prices had a short-lived rally following a surprise draw in US crude inventories.
OPEC Points To Larger Oil Surplus In 2016, Says Low Prices Hurting Economy
Wednesday, February 10, 2016 OPEC points to a larger oil supply surplus on the world market this year than previously thought as Saudi Arabia and other members pump more oil.
SBM Offshore Says US Authorities Re-Open Corruption Probe
Wednesday, February 10, 2016 SBM Offshore says that US authorities had re-opened an inquiry into bribery allegations involving the Dutch company.
European Energy Firms Post Billion Dollar Losses in 2015
Wednesday, February 10, 2016 Tullow Oil and Maersk Oil register billion dollar losses in 2015, amid an ever-declining low oil price.
BP: US Shale Oil Output To Double By 2035
Wednesday, February 10, 2016 US shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, BP says.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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|Brent Crude Oil :||$30.06/BBL||2.52%|
|Light Crude Oil :||$26.21/BBL||4.51%|
|Natural Gas :||$1.99/MMBtu||2.92%|
|Updated in last 24 hours|