Results50 articles shown
Oil Dives 5% To Six-Month Low Under $50 On China Worry
Monday, August 03, 2015 Oil prices lurch 5% lower to their lowest since January, taking global benchmark Brent below $50 a barrel.
EU Regulators Suspend Review of Halliburton, Baker Hughes
Monday, August 03, 2015 European Union antitrust regulators suspend their review of Halliburton's $35-billion bid for oilfield services rival Baker Hughes.
Kemp: Caught In The Cross-Fire - Non-OPEC, Non-Shale Producers
Monday, August 03, 2015 The biggest losers from the current price war between OPEC and the shale producers seem set to be producers outside the Middle East and North America caught in the cross-fire.
Cracking Open Re-fracking: A Flush Rush or Idle Probing?
Monday, August 03, 2015 The industry has attempted re-fracking for years, but now it's about more than extending the life of a well - it's a matter of putting people back to work.
KRG to Pay Producing IOCs from September 2015
Monday, August 03, 2015 The Kurdistan Regional Government's Ministry of Natural Resources announces that the KRG will pay producing international oil companies a portion of the revenue from its direct crude oil sales, on a monthly basis, from September 2015 onwards.
Oil CEOs' Grim Outlook Rubs Off on Speculators Fleeing Market
Monday, August 03, 2015 The world's biggest oil companies are painting a grim picture of the future and speculators are listening.
PwC: Hybrid Model Could Boost Supply Chain Efficiency with Fewer Workers
Friday, July 31, 2015 A hybrid model proposed by PwC could enhance the efficiency of oil and gas supply chain operations with fewer workers on average needed.
Texas Oil Production On Track To Break Record
Friday, July 31, 2015 Economist Karr Ingham projects crude oil production in Texas will reach an all-time high in 2015.
Exxon, Chevron Bracing for Dark Times Ahead as Oil Slump Lingers
Friday, July 31, 2015 ExxonMobil and Chevron, the biggest US energy producers, hunker down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years.
Survey: OPEC Oil Output Hits New High In Market Share Push
Friday, July 31, 2015 OPEC oil output reaches highest monthly level in recent history in July, a Reuters survey finds.
ONE Future Coalition Seeks to Achieve Emissions of 1% or Less
Friday, July 31, 2015 Rigzone speaks the ONE Future Coalition about their goal of reducing the average methane emissions across oil and gas operations to 1% or less.
Oil Drops For 5th Week; US Crude In Biggest Monthly Fall Since 2008
Friday, July 31, 2015 US crude posts its biggest monthly drop since the 2008 financial crisis.
YPF: Protests In Argentina's Shale Oil Region End, Output Normal
Thursday, July 30, 2015 Protests that briefly disrupted production in part of Argentina's main shale oil producing region have ended and operations are back to normal, YPF says.
Shell, Centrica to Cut More Than 12,000 Jobs by 2020
Thursday, July 30, 2015 Shell and Centrica reveal plans to axe more than 12,000 jobs by 2020.
OPEC Says Oil Should Not Fall Further, Sees Stability In 2016
Thursday, July 30, 2015 OPEC expects increasing oil demand to prevent a further fall in prices and sees a more balanced market in 2016, its secretary-general says.
LINN Energy Drops Distributions, Investors Follow
Thursday, July 30, 2015 Linn Energy cuts its regular distributions to investors, likely drawing the attention of other upstream master limited partnerships.
WRI Study Outlines Solutions for States in Monitoring Methane Emissions
Thursday, July 30, 2015 A World Resources Institute working paper outlines strategies for US states in curbing methane emissions from new and modified natural gas infrastructure.
What Should Mexico Do to Ensure Future Bidding Success?
Thursday, July 30, 2015 A recent report by the Atlantic Council discusses Mexico's inaugural bid round and what the nation should do to ensure future successful bidding rounds.
Oil Dips As Robust Dollar Offsets Stock Drawdown
Thursday, July 30, 2015 Crude futures settle down, pressured by a rally in the dollar which countered bullish sentiment from a drawdown in US stockpiles that was much steeper than expected.
ConocoPhillips Reports Better-Than-Expected Profit in Oil Crash
Thursday, July 30, 2015 ConocoPhillips reports better-than-expected profit and output while cutting spending plans amid lower oil prices.
Unite Members Reject Latest OCA Proposals
Thursday, July 30, 2015 Unite union members reject the latest proposals by the Offshore Contractors' Association over changes to conditions for offshore workers in the North Sea, increasing the likelihood of industrial action.
Russell: Asia LNG Output Vs Regas Capacity Mismatch Looming
Thursday, July 30, 2015 What could go wrong for liquefied natural gas in Asia to derail the current consensus of strongly rising demand being met by supply that is increasing even faster?
UK Oil, Gas Industry Companies More Optimistic in 2Q
Wednesday, July 29, 2015 Companies in the UK oil and gas industry are becoming more optimistic about the sector, according to Oil & Gas UK's latest Business Sentiment Index.
Hess Has Second-Quarter Loss as Bakken Helps Lift Oil Output
Wednesday, July 29, 2015 Hess reports its second consecutive quarterly loss as higher oil output fails to compensate for lower prices.
Texas Counties among the Best and Worst for Oil, Gas Jobs in 2014
Wednesday, July 29, 2015 Midland County created the most oil and gas jobs in 2014, while Harris County had the most job losses in 2014, a report finds.
Mexico To Postpone Deep Water Auction, Adjust Next Oil Tender Terms
Wednesday, July 29, 2015 Mexico will postpone auctions for deepwater oil exploration and production contracts and adjust the terms of upcoming tenders.
Oil Rises From Near 6-Month Lows After Big US Stock Drawdown
Wednesday, July 29, 2015 Oil settles higher, recovering from multi-month lows, after US government data shows a surprisingly large crude stockpile draw.
World's Top 3 Shipbuilders Post Record Loss on Deep-Sea Failures
Wednesday, July 29, 2015 The world's three biggest shipbuilders posted a combined $4.1B in operating losses in the second quarter, paying the price for a failed foray into deep-sea oil rigs.
How Pipelines Saved America's Biggest Oil Basin From Shale Bust
Wednesday, July 29, 2015 To understand why US oil production is so resilient, it helps to consider the maze of pipelines running out of Midland, Texas.
European Majors Reap Benefits of Cost-Cutting Measures
Tuesday, July 28, 2015 Statoil and BP are reaping the benefits of cost cutting across their operations.
Oil Contractor Saipem Slashes Guidance And Jobs In Turnaround Plan
Tuesday, July 28, 2015 Saipem slashes its guidance for the year as it books writedowns of $1B and announces a restructuring plan that includes 8,800 job losses as it cuts costs to counter falling oil prices.
Oil Steadies After 4-Day Loss; US Inventory Draw Eyed
Tuesday, July 28, 2015 Oil prices steady, with Brent recovering from near six-month lows and US crude settling more than 1% higher.
Hercules Needs A Hero As Share Prices Sink
Tuesday, July 28, 2015 In a struggling time for many offshore companies, Hercules Offshore's plan for bankruptcy is sinking its shares prices in an especially tough trading environment.
BHP Plans To Shed Around 100 HQ Jobs As Commodities Tumble
Tuesday, July 28, 2015 BHP Billiton intends to cut about 100 jobs at its Melbourne headquarters in coming years as it strives to lower overheads and streamline corporate operations amid a crash in minerals prices.
Anadarko Petroleum Quarterly Profit Lower, Beats Street
Tuesday, July 28, 2015 Anadarko reports a drop in profit, but results topped Wall Street expectations as the oil and natural gas company improved drilling practices and produced more crude than expected.
Chevron to Cut 1,500 Jobs
Tuesday, July 28, 2015 Chevron will cut 1,500 jobs globally due to the current market environment.
I Just Got Laid Off ... Now What?
Tuesday, July 28, 2015 Career experts offer advice to oil and gas professionals who are looking to move their career forward after layoffs.
Report: Green Group Sues ConocoPhillips, CNOOC over China Oil Spill
Monday, July 27, 2015 China Daily reports that a maritime court in Qingdao will hear a landmark case brought against US oil giant ConocoPhillips and China's CNOOC.
Oil Hits 4-Month Low On China Stock Market Dive, Supply Concern
Monday, July 27, 2015 Crude oil futures hit 4-month lows after a steep drop in China's stock markets spark concern about the economic health of the world's biggest energy consumer.
Wood Mac: Deep-Sea Oil Projects Make Up Most of $200B Deferrals
Monday, July 27, 2015 Oil and gas projects in deep basins account for most of the deferred investments worth more than $200 billion made due to the oil price crash, analysts say.
What Now for UK Shale Gas?
Monday, July 27, 2015 Rigzone asks UKOOG Chief Executive Ken Cronin what's next for the UK's nascent shale gas industry.
Deep-Sea Plan Fails, Leaving Korean Shipyards Struggling
Monday, July 27, 2015 The deep-ocean strategy is coming back to bite South Korean shipyards.
OGA Names Final Winners from 28th Offshore Licensing Round
Monday, July 27, 2015 The UK's Oil and Gas Authority announces the remaining winners from the 28th Offshore Licensing Round, which covers 353 blocks on the UK Continental Shelf.
Mexico's Pemex To Submit Rest Of Deep Water Tie-Up Requests In August
Friday, July 24, 2015 Pemex plans to submit the remaining requests for tie-ups with private companies in five deep water fields in the Gulf of Mexico in early August, a senior executive at the state-run oil company says.
'New Normal' Environment Requires Closer Look at Cost-Cutting Measures
Friday, July 24, 2015 KPMG energy practice leaders discuss industry challenges amid a lower oil price environment.
Guyana Considers Alternatives as Venezuela Oil Program Wobbles
Friday, July 24, 2015 Guyana is considering energy alternatives to the Petrocaribe program as Venezuela fails to meet export quotas and tensions flare between the neighboring countries.
Canada's Encana Lays Off 200 Employees In July Amid Oil Slump
Friday, July 24, 2015 Encana says it laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices.
Oil Falls To Lowest Close Since March, Down A Fourth Week
Friday, July 24, 2015 Brent and U.S. crude futures settle at their lowest since March and post their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.
Petrobras Union Begins 24-Hour Strike Against Asset Sales, Oil Bill
Friday, July 24, 2015 Brazilian oil workers begin a 24-hour strike in an effort to stop moves to shrink state-run oil company Petrobras, according to the main union representing the workers.
Iranian Deal Could Push US Oil Exports
Friday, July 24, 2015 Deloitte experts contemplate potential implications of lifting Iranian oil sanctions.
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|Brent Crude Oil :||$49.52/BBL||5.15%|
|Light Crude Oil :||$45.17/BBL||4.54%|
|Natural Gas :||$2.75/MMBtu||1.10%|
|Updated in last 24 hours|