Results50 articles shown
Oil Drillers Bet Choking Wells Will Keep Shale From Going Bust
Friday, October 02, 2015 Encana and others envision a future with a more stable flow from wells, so that they don't always have to keep drilling simply to maintain output.
As China Gas Boom Falters, State Giants Grapple with Wave of Imports
Friday, October 02, 2015 China's energy giants are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.
Jim Rogers Says Oil Ignoring Bad News Usually Means Rebound Near
Friday, October 02, 2015 Oil is holding near $45 while the bad news keeps coming. For investor Jim Rogers, that's usually a sign a rebound is near.
Mining Jobs Decline by 10,300 in September
Friday, October 02, 2015 Jobs in oil and gas declined again for the month of September, according to the most recent US jobs report.
Naimi: Saudi Arabia To Keep Up Energy Spending Despite Oil Drop
Friday, October 02, 2015 Saudi Arabia is continuing with its investments in the oil and gas industry as well as solar energy despite the current drop in oil prices, the kingdom's oil minister was quoted saying.
Somali Government Rejects Proposed UN Moratorium on Oil Deals
Friday, October 02, 2015 Somalia opposes a moratorium on oil deals that's being discussed at the United Nations as a way of stabilizing one of the world's most fragile states, Finance Minister Mohamed Adan says.
Deloitte: UK Oil, Gas Firms Not Maximizing UKCS Value
Friday, October 02, 2015 UK oil and gas firms are not maximizing the potential value from the UK Continental Shelf due to a lack of effective supply chain collaboration, according to a survey from Deloitte LLP.
Baker Hughes: US Oil Drillers Cut Rigs For 5th Week
Friday, October 02, 2015 US energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, data shows.
Compensation Survey Finds Midstream Remains a Good Place to Be
Thursday, October 01, 2015 Most midstream firms surveyed continue to take steps to retain managers and employees.
Oil Down As US Storm Worries Fade, Snuffing Early Rally
Thursday, October 01, 2015 Oil prices fall more than 1% as the government's storm monitor alters forecasts for the path of the latest US hurricane.
How Israel Turned A Gas Bonanza Into An Antitrust Headache
Thursday, October 01, 2015 Five years later, poor policymaking, political infighting and a battle between PM Netanyahu and the antitrust commissioner over a lack of competition mean Leviathan remains undeveloped.
Senate Panel Passes Bill To Lift US Oil Export Ban, Future Uncertain
Thursday, October 01, 2015 A bill to lift the 40-year-old ban on US oil exports passes the Senate banking committee.
America's Oil Output Refuses to Collapse. Here's One Reason Why.
Thursday, October 01, 2015 Somewhere amid the maze of wells that Murphy Oil Corp. has scattered across Texas' sprawling Eagle Ford shale formatio, Brett Pennington is carrying out a little experiment.
Energy Companies In New York Prepare For Hurricane Joaquin
Thursday, October 01, 2015 US energy companies prepare for the arrival of Hurricane Joaquin in the New York area, as forecasts suggested the storm would head up the US East Coast.
Recent Crash in O&G Projects Not Surprising, Industry Expert Says
Thursday, October 01, 2015 Warning signs were apparent that oil and gas project costs were escalating, but industry failed to take action, says an industry expert at the SPE ATCE 2015 conference.
Wyoming Court Issues Injunction Against Fracking Rules For Public Lands
Wednesday, September 30, 2015 A Wyoming judge grants preliminary injunction against the federal government's regulations for hydraulic fracturing on public lands.
Iran's Cabinet Approves New Draft Oil And Gas Contracts
Wednesday, September 30, 2015 Iran's cabinet has approved a draft of international oil and gas contracts meant to attract foreign investors and oil buyers once sanctions are lifted, the Oil Ministry's Shana news agency reports.
Oil Mixed On US Crude Build, Syria; Down 24% On Quarter
Wednesday, September 30, 2015 Oil prices end mixed in volatile trade, with global benchmark Brent up on worries about Russian airstrikes in Syria and US crude down after data showing a surge in domestic inventories.
Mexico Gets Stronger Demand In Second Oil Auction, Eni Among Winners
Wednesday, September 30, 2015 Mexico awards 3 out of 5 production-sharing contracts in the second phase of its historic oil sector opening, comfortably beating the disappointing results of the first phase.
Survey: OPEC Oil Output Rises In September, Led By Iraq
Wednesday, September 30, 2015 OPEC oil output has risen in September from the month before, a Reuters survey found.
Industry Needs Better Understanding of Cost-Cutting Consequences
Wednesday, September 30, 2015 The oil and gas industry needs to measure and understand the long-term consequences of cost-cutting, industry officials said at the SPE ATCE 2015 Conference.
TransCanada Submits to Nebraska Review to Speed Keystone XL
Wednesday, September 30, 2015 TransCanada is surrendering to an additional review of the Keystone XL oil pipeline and backing off from conflicts with Nebraska landowners as it struggles to win approval for the project.
Energy Companies In New York Area Prepare For Hurricane Joaquin
Wednesday, September 30, 2015 US energy companies say they are preparing for the possibility that Hurricane Joaquin could hit the New York City area early next week.
Jeb Bush Energy Plan Emphasizes US Jobs, Lower Prices
Tuesday, September 29, 2015 Republican US presidential candidate Jeb Bush will lay out energy policy proposals that seek to spur job growth and take aim at President Obama's plan to limit carbon emissions from power plants.
Q&A: Offshore Safety in Nigeria
Tuesday, September 29, 2015 Rigzone talks to Femi Ayoade, Erin Energy's country manager for Nigeria, to get a first-hand opinion on the current state of offshore security in the region.
Oil Jumps 2% Ahead Of US Storage Data
Tuesday, September 29, 2015 Oil settles up almost 2% as some traders expect US crude inventories to have dropped in the latest week even as others bet on a stockpile build.
After Oil Auction Snub, Mexico Sweetens Pot - But Is It Enough?
Tuesday, September 29, 2015 Mexico is sweetening the terms of its next oil-block auction in a bid to avoid a repeat of its failed earlier attempt at opening up the industry.
Man-Camp Exodus Spurs Real-Estate Crisis Across US Shale Towns
Tuesday, September 29, 2015 After struggling to house thousands during the boom, North Dakota faces a new real-estate crisis: the frenzied drilling hasn't lasted long enough to support the oil-fueled building explosion.
Rescue Funding Could Fall Flat For Companies Needing A Life Vest
Tuesday, September 29, 2015 As smaller, mid-cap companies have grown to depend on second liens and more expensive credit, the asking price for their assets may turn off the private equity spigot.
Chesapeake Cuts Workforce by 15%
Tuesday, September 29, 2015 Chesapeake has implemented a reduction of 15% of its workforce due to the low-price commodity environment.
Sanctions, Oil Slump Delay Russian Offshore Drilling 2-3 Years
Tuesday, September 29, 2015 Russia's state-run energy giants Rosneft and Gazprom are delaying some offshore drilling by two to three years because of sanctions and weaker oil prices.
Shell Malaysia to Axe 1,300 Jobs by 2017
Tuesday, September 29, 2015 Shell Malaysia will axe around 1,300 positions from its upstream division over the next two years, as part of a program that is designed to make the company "more agile and competitive".
The $12 Billion Reason BP Isn't Worried About a Hostile Takeover
Monday, September 28, 2015 BP, which was said to be readying defenses for potential takeover offers, has a little-known ace in the hole: a disclaimer in its Macondo spill settlement that could tack $12.6B onto the price tag.
Kuwait: No Need for OPEC, Non-OPEC Producers Summit
Monday, September 28, 2015 A summit of OPEC and non-OPEC, as suggested by Venezuela, would be pointless as independent producers are not committed to cutting output, according to Kuwait's oil minister.
Oil Down Nearly 3% On Wall Street, China; Cushing Draw Limits Loss
Monday, September 28, 2015 Oil prices fall nearly 3%, pressured by tumbling equities on Wall Street and weak Chinese economic data.
Hedge Funds Primed for Oil Rebound With Increase in Bullish Bets
Monday, September 28, 2015 The momentum behind wagers on rising oil prices picked up steam as US drilling slows and producers face potential credit line cuts.
Energy Transfer To Buy Williams For $33B After Long Quest
Monday, September 28, 2015 Williams agreed to be acquired by Energy Transfer Equity LP, three months after it rebuffed Energy Transfer's $53.1 billion offer.
Oil Up After Wall Street Rally, Drop In US Rigs
Friday, September 25, 2015 Oil prices rise for the second straight day, supported by a rally on Wall Street and a lower US rig count.
Schlumberger Pulls Out of Eurasia Drilling Deal on Obstacles
Friday, September 25, 2015 Schlumberger will not pursue a $1.7 billion agreement to buy a minority stake in Eurasia Drilling beyond Sept. 30 after a lack of regulatory approvals stalled the deal.
Oil, Bonds Go Their Separate Ways
Friday, September 25, 2015 The rebound in oil prices has not been enough to stop the bleeding at many US energy companies, whose bonds keep weakening - and whose ability to muster fresh capital is dwindling away.
Transocean Mentioned in Petrobras Carwash Corruption Probe
Friday, September 25, 2015 Transocean is being linked for the first time to the corruption probe of Petrobras, the state-owned energy giant at the center of Brazil's biggest corporate scandal.
Baker Hughes: US Oil Drillers Cut Rigs For 4th Week On Weak Crude
Friday, September 25, 2015 US energy firms cut oil rigs for a fourth week in a row this week, data shows, a sign the continued weak prices were causing energy firms to reduce drilling plans.
Angola: Potential Production Table-Topper?
Friday, September 25, 2015 With Angola's latest onshore licensing round recently sparking back into life after multiple delays, Rigzone takes a closer look at the intricacies of the project, outlining what the new round could mean.
YPF Said to Plan 2016 Spending Cut as $77 Crude Disappears
Thursday, September 24, 2015 Argentina's YPF says it will cut spending up to 20 percent next year if a new administration lowers the domestic oil price.
China to Carve Out New Oil, Gas Pipeline Firm from State Oil Giants
Thursday, September 24, 2015 China plans to create a new crude oil and liquefied natural gas pipeline transportation company, according to a report in the China Securities Journal.
GE agrees export financing from UK, may create 1,000 jobs
Thursday, September 24, 2015 General Electric says it has reached an agreement with Britain's export credit agency for up to $12 billion in financing, possibly creating as many as 1,000 jobs in the country.
NOV's David Reid Talks Survival at Oil, Gas Conference
Thursday, September 24, 2015 David Reid of National Oilwell Varco discusses how oil and gas companies can survive and thrive during the downturn.
Halliburton Plans More Job Cuts, Mainly in North America
Thursday, September 24, 2015 Halliburton is cutting more of its workforce, with a majority of the cuts happening in North America.
Oil Rises as Dollar Drop Bolsters Commodity Appeal as Investment
Thursday, September 24, 2015 Oil climbs from its lowest level in more than a week as the dollar drops, bolstering demand for commodities as an investment.
LoSal: BP's Low-Salinity Enhanced Oil Recovery Technology
Thursday, September 24, 2015 Rigzone takes a closer look at BP's LoSal enhanced oil recovery technology that is being used on the Clair Ridge development in the UK zone of the North Sea.
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