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Canada Oil Sands Fork Over Billions for 500,000 Unneeded Barrels
Friday, September 04, 2015 The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costliest parts of the planet to extract crude.

Judge Orders US SEC To Expedite Resource Extraction Rule
Thursday, September 03, 2015 A federal judge has ordered the US Securities and Exchange Commission to fast-track a final rule requiring oil, gas and mining companies to disclose payments to foreign governments.

Gas Exports From Iran, Egypt Seen Threatening US Ambitions
Thursday, September 03, 2015 A potential boost in natural gas supply from Iran and Egypt may exacerbate a worldwide glut, reshape the global market and threaten U.S. export ambitions, according to Citigroup.

Brazil Oilworkers' Union Delays Strike Until Sunday At Earliest
Thursday, September 03, 2015 Brazil's main oilworkers union federation FUP says it has delayed a planned open-ended strike against Petrobras until Sunday at the earliest.

Courts, Congress, Regulators Take On Oil And Gas Issues
Thursday, September 03, 2015 In less than seven days last week, Congress made moves to remove the ban on oil exports, Texas regulators found that a well did not cause an earthquake and another federal judge blocked a massive water rule.


  


China's Drop on Own Currency Raises Red Curtain
Thursday, September 03, 2015 Financial experts weigh the reasoning behind China's decisive cut to its own currency and impact on global markets.

Oil Up Modestly On Volatile Wall Street; Awaits Jobs, Rig Data
Thursday, September 03, 2015 Oil prices inch higher in see-saw trade, tracking gains in Wall Street equities for a second straight day.

A UH Professor's Ties to Halliburton Inspires Class of a Lifetime
Thursday, September 03, 2015 Post-graduate students receive rare "on the job" training from an innovative professor and powerful software.

No Deal On Oil Output After Russia's Putin Meets Venezuela's Maduro
Thursday, September 03, 2015 Russia and Venezuela need to combine efforts to lift oil prices, President Vladimir Putin told his Venezuelan counterpart Nicolas Maduro.

Statistics Norway Expects Oil Prices to Hit $60 Per Barrel in 2018
Thursday, September 03, 2015 Statistics Norway expects oil prices to "remain low going forward", before increasing to around $60 per barrel in 2018.

Oil Turns Higher As Wall Street Rally Offsets Inventory Rise
Wednesday, September 02, 2015 Oil prices end nearly 2% higher in volatile trade as rallying equities on Wall Street pull crude up from lows.

Iran Sees Shale Output Recovering as OPEC Longs for $80 Oil
Wednesday, September 02, 2015 Most OPEC members would like to see crude prices at $70 to $80 a barrel, Oil Minister Bijan Namdar Zanganeh said in an interview.

Maduro: China Signs Off on $5B Loan to Boost Venezuela Oil Output
Wednesday, September 02, 2015 China inks agreement to provide a $5 billion loan to help Venezuela boost its oil production.

Kemp: Oil Market Takes A Walk On The Wild Side (Again)
Wednesday, September 02, 2015 Crude oil prices have been on a rollercoaster over the last four trading sessions that has seen some of the highest volatility in a quarter of a century.

Aker Solutions CEO Says Risks Further Staff Cuts
Wednesday, September 02, 2015 Aker Solutions could be forced to cut jobs again unless markets recover, according to Aker Chief Executive Luis Araujo.

Presidential Hopeful Rubio Wants To Lift 'Outdated' Oil Export Ban
Wednesday, September 02, 2015 Republican presidential candidate Marco Rubio would lift the ban on exporting crude oil soon after taking office if he is elected, the Florida senator will say in a speech previewing his energy strategy.

Big Data Growth Continues in Seismic Surveys
Wednesday, September 02, 2015 The amount of data gathered in oil and gas marine and land surveys continues to grow, according to an official with CGG.

BG Says European Commission Signs Off on Shell Bid
Wednesday, September 02, 2015 The European Union's antitrust regulators have approved Royal Dutch Shell Plc's $70 billion takeover bid for BG Group.

Giant Gas Find Favoring Egypt at Israel's Expense Sparks Selloff
Tuesday, September 01, 2015 A gas discovery in the eastern Mediterranean that has the potential to transform the region's energy balance in favor of Egypt has thrown the outlook for stocks of Israeli producers into disarray.

Brazil Oilworkers Tell Petrobras Open-Ended Strike To Start Friday
Tuesday, September 01, 2015 Brazil's largest oil-workers' union advised Petrobras that it plans to begin a open-ended strike against the state-run oil company starting at midnight on Friday.

Penn West, ConocoPhillips Cut Combined 900 Jobs In Canada
Tuesday, September 01, 2015 ConocoPhillips and Penn West Petroleum are eliminating a combined 900 jobs in Canada, the two companies say, as low oil prices persist.

Walking Oil Rigs Spur Cheaper, Quicker Drilling in Supply Glut
Tuesday, September 01, 2015 More efficient drilling rigs that cost a third less than just a year earlier are changing the face of the US shale industry, helping boost per-rig output in the 4 largest fields by at least 40%.

Penn West Petroleum Lowers Capex, Suspends Dividend, to Cut Jobs
Tuesday, September 01, 2015 Penn West Petroleum has cut its 2015 capital budget for the third time this year, suspended its dividend and said it would lay off about 35% of its workforce as it copes with the slump in crude oil prices.

Oil Tumbles 8% As Weak China Data Revives Growth Fears
Tuesday, September 01, 2015 Oil prices tumbled 8% in volatile trading that sent Brent futures back below $50 a barrel.

OPEC May Recognize 'Lower For Longer' Pushes Their Prices, Too
Tuesday, September 01, 2015 Refusing to meet over-supply with a cut in their market share last year, Saudi Arabia fueled low oil prices. Now, the kingdom and its OPEC members are saying they want a fair playing field.

Russia's Rosneft Says Can Weather Oil at $40 per Barrel
Tuesday, September 01, 2015 Rosneft is resilient and expects no big changes to planning even with the price of oil languishing at $40 per barrel, according to a company official.

Oil Caps Biggest Three-Day Gain Since 1990 as OPEC Ready to Talk
Monday, August 31, 2015 Oil caps the biggest three-day gain in 25 years after OPEC says itís ready to talk to other global producers to achieve Ďfair pricesí and the U.S. government reduced its crude output estimates.

Egypt's Zohr Gas Re-Writes Israel's Happy Ending
Monday, August 31, 2015 Egypt's historic gas discovery threatens to sink Israel's fledgling gas export bonanza, which was counting on deals with Cairo to get it off the ground.

Hedge Funds Boost Bullish Oil Bets and Gain From Late-Week Rally
Monday, August 31, 2015 Hedge funds couldnít time increase in bullish oil positions better, just before improving prospects for U.S. growth sent crude on its biggest two-day rally in six years.

Global Stocks Head for Worst Month Since 2012 on China Woes
Monday, August 31, 2015 Global stocks poise for the worst month in more than three years on fresh concern Chinaís efforts to prop up its markets will fail.

Fire at Saudi Oil Workers' Compound Kills 10, Many Injured
Monday, August 31, 2015 Fire swept through an oil workers' residential compound in Saudi Arabia on Sunday, killing 10 people, the Civil Defence agency says.

Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike
Monday, August 31, 2015 Canadian Oil Sands Ltd halts crude oil production after a fire damaged equipment at its processing facility in northern Alberta.

Brazil And Mexico Vie for Cash From Oil Explorers in Price Rout
Monday, August 31, 2015 Brazil and Mexico are preparing to compete for investments from some of the same oil majors when they hold auctions that are only a week apart at a time the price rout is prompting spending cuts.

Car Bomb Damages Italy's ENI Joint Venture in Libyan Capital
Monday, August 31, 2015 A car bomb goes off in Libya's capital Tripoli in front of the headquarters of Mellitah, an oil and gas JV between Italy's ENI and Libyan state oil firm NOC.

Pemex Investors Face Crude Reality With Credit Downgrade Threat
Monday, August 31, 2015 A year after Mexico gives oil giant Pemex financial independence to compete with global peers, things arenít looking good for the state-owned driller.

APPEA Says WA Labor's Call for Moratorium on Fracking Jeopardizes Jobs
Monday, August 31, 2015 APPEA says the Western Australian Labor Party is jeopardizing jobs and investments in the state's oil and gas industry by calling for a moratorium on hydraulic fracturing.

API Calls Ozone Rule Review Rushed, Potentially Costly
Monday, August 31, 2015 API says that the Obama administrationís truncated review of EPAís proposed ozone standards could be costly, calling for Obama to let the existing standard work.

Kremlin: Putin, Venezuela's Maduro to Discuss Oil Price Stabilisation
Monday, August 31, 2015 Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro discuss ways to stabilize global oil prices during a visit to China.

Saudi Stocks Cap Worst Month in Seven Years as Oil Resumes Slide
Monday, August 31, 2015 Saudi Arabian stocks fall in the worst month in almost seven years after Brent crude resumes its decline.

Canada's Alberta Forecasts Record Budget Deficit
Monday, August 31, 2015 The Canadian province of Alberta, which has been hammered by falling crude prices, is forecasting a record budget deficit of C$5.9 billion ($4.49 billion) this year, which could increase to C$6.5 billion, Finance Minister Joe Ceci says.

EIA: New U.S. Oil Data Shows Lower 2015 Production
Monday, August 31, 2015 The U.S. oil industry pumped less crude than initially estimated this year, according to new government data that offers the clearest look yet at the impact of drillers' retrenchment in response to collapsing prices.

Alberta To Keep Oil, Gas Royalty Framework To End-2016
Friday, August 28, 2015 Alberta's oil and gas royalty framework will remain in place until the end of 2016, Energy Minister Marg McCuaig-Boyd says.

More Oilfield Services M&A Likely On The Way
Friday, August 28, 2015 Lower-for-longer volatility coupled with the recent pairing of mega energy companies Schlumberger and Cameron suggest oilfield services may be running out of time for wishful thinking.

Rattled by Pure Sentiment in August, Markets Return Focus to Fundamentals
Friday, August 28, 2015 Following stock market chaos in August that brought oil prices down to 6-year lows, oil traders focus again on the persistent global oil oversupply situation.

Environmental Groups to Sue EPA Over Waste Disposal Rules
Friday, August 28, 2015 Several environmental groups plan to sue the EPA, claiming the agency has failed in its duty to review and update regulations associated with oil and gas waste.

New IEA Boss Faces World Energy Landscape In Flux
Friday, August 28, 2015 The new head of the International Energy Agency faces dilemmas that challenge the purpose of the body set up to protect the interests of the West against the power of OPEC in the 1970s.

US Crude Jumps 6% In Second Day Of Short-Covering Frenzy
Friday, August 28, 2015 US crude rose 6%, notching its first weekly gain in two months, after a rally in gasoline.

Baker Hughes: US Oil Drillers Add Rigs For The Sixth Week In A Row
Friday, August 28, 2015 US energy firms added one oil rig this week, the sixth consecutive week of increases even as US oil prices flirt with 6-1/2-year lows.

For OPEC, This Year's Painful Oil Slump Will Bring Gains in 2016
Friday, August 28, 2015 While OPEC's fight to snatch market share from rival oil producers might look like a costly failure as prices languish below $50 a barrel, an entirely different picture could emerge next year.

Global Energy Deals Now Surpass Dawn of Oil 'Supermajors' Era
Thursday, August 27, 2015 If there was any question over whether this year's oil crash would give rise to a new era of energy megadeals, there isn't anymore.

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