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Mexico Cuts Spending On Oil Shock, Shelves Tainted Rail Project
Friday, January 30, 2015 Mexico's government cut its 2015 budget by nearly 3% after a drop in global prices hurt public finances.
Markets Brace For Big Oil Profit Plunge
Friday, January 30, 2015 Energy companies' profits are expected to have dropped 23%, a collapse of fortune nearly unheard of outside of a recession, and one that has weighed on the stock market.
BSEE: Gulf Well Supervisor Charged with False Statements to Inspectors
Friday, January 30, 2015 Gulf of Mexico well site supervisor is being charged with falsifying statements regarding blowout preventer components.
Chevron Scraps 2015 Share Repurchase Program On Low Oil Prices
Friday, January 30, 2015 Chevron halts its 2015 share repurchase program, a move designed to conserve cash amid tumbling oil prices and its latest cost-cutting step after slashing capital spending.
Oil Surges 8% As US Rig Count Plunges, Shorts Cover
Friday, January 30, 2015 Oil prices rocketed more than 8%, their biggest one-day gain in two and a half years.
Congress Gets Busy On Oil, Gas Issues
Friday, January 30, 2015 Republicans are wasting no time in taking on some of the energy issues that have been waiting in Congress for years, Alex Mills says.
Q&A: Oil Price Slump Temporary amid Changing Supply Dynamics
Friday, January 30, 2015 Rice University analysts weigh-in on the reasons for the drop in crude oil prices, where prices could to end up, and how the US became a swing supplier of crude oil.
Pennsylvania Governor Bans New Oil/Gas Leases On State Land
Thursday, January 29, 2015 Pennsylvania Governor Tom Wolf signs an executive order reinstating a moratorium on new leases for oil and natural gas development in state parks and forests.
PumpWELL Offers New Approach to Enhancing Artificial Lift Production
Thursday, January 29, 2015 Calgary-based PumpWELL says it offers a breakthrough solution and approach to artificial lift technology.
Conoco, Occidental And Shell Cut 2015 Budgets On Crude Slide
Thursday, January 29, 2015 ConocoPhillips and Occidental Petroleum slash exploration spending plans for this year, as the third- and fourth-largest US oil companies attempt to cope with a steep slide in crude prices.
Oil Rises On Short Covering But Supply Worries Loom
Thursday, January 29, 2015 Global oil prices firmed slightly, but not before U.S. crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high U.S. oil inventories.
Occidental Results Beat Expectations On Texas Production
Thursday, January 29, 2015 Occidental Petroleum reports better-than-expected quarterly results as its Texas shale assets boost total production even as crude oil prices slump.
Shell Falls Short After Oil Production Income Collapses
Thursday, January 29, 2015 Shell misses profit expectations and announces a 3-year, $15-billion cut in spending.
Keystone XL Advances In US Senate, Faces Obama Veto
Thursday, January 29, 2015 The US Senate will likely pass a bill approving the long-pending Keystone XL oil pipeline, a measure the White House said President Barack Obama would veto.
Total Signs 40-Year Onshore Oilfield Deal with Abu Dhabi
Thursday, January 29, 2015 Total will take a 10% stake in 15 onshore oilfields in Abu Dhabi.
Kemp: US Crude Oil Stocks Return To 1930s Crisis Levels
Thursday, January 29, 2015 US commercial crude oil stocks last week hit their highest level since 1931.
Wood Mackenzie: China's Energy Demand Needs Review Amid Economic Changes
Thursday, January 29, 2015 Wood Mackenzie says China's energy demand needs to be reviewed due to fundamental economic changes, while slowing domestic gas demand growth is likely to rebound in the next few years.
Lukoil Would Welcome Investigation into Accusations it Funded Terrorism
Wednesday, January 28, 2015 Lukoil wants a prompt investigation into accusations it took part in the funding of terrorism in Ukraine and is ready to cooperate with Ukraine's law enforcement agencies.
CNPC Research: China's Oil Demand To Grow 3% In 2015
Wednesday, January 28, 2015 China's implied oil demand will grow 3% this year versus last year, little changed from the pace of growth in 2014 as calculated by Reuters.
BG Signs Oil Contractor Deal With KBR To Reduce Costs
Wednesday, January 28, 2015 BG Group signs an agreement with KBR to hire skilled contractors for its large-scale projects at short notice, an alliance that will allow BG to cut hiring costs.
Petrobras Reports Earnings Without Graft Writedowns Despite Delays
Wednesday, January 28, 2015 Petrobras released delayed unaudited third-quarter results, but its shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.
Oil Tumbles; US Crude Prices Near 6-Year Low On Record Stockpiles
Wednesday, January 28, 2015 Oil slumps, with US crude prices at near 6-year lows, after the government reported record-high inventories in the United States.
California County Declares Fiscal Emergency Due To Oil Price Plunge
Wednesday, January 28, 2015 Plunging oil prices lead California's Kern County to declare a fiscal emergency, a move that allows officials to tap into a reserve fund as tax revenue faces a big decline due to the lower oil prices.
Scottish Moratorium, Planning Delay Dent Cameron's Shale Gas Ambitions
Wednesday, January 28, 2015 Scotland blocks the granting of permits for fracking and a local English council delays a decision on two projects, casting doubt on British Prime Minister David Cameron's shale gas ambitions.
Fracking Moratorium Voted Down in Colorado Town
Wednesday, January 28, 2015 The Erie, Colorado Board of Trustees votes down a moratorium on fracking, and will continue to work with drillers in the area to address noise and vibration concerns.
Hess Profit Misses Estimate As Oil Prices Slump
Wednesday, January 28, 2015 The weak results from Hess, one of the first major US oil companies to report quarterly earnings, could portend a wave of negative earnings reports across the industry.
Oil Jumps On Weaker Dollar; Traders Wary Of Stock Build
Tuesday, January 27, 2015 Oil prices jump as much 3% as a weaker dollar props up commodities priced in the currency.
Wood Mac: Steady Licensing Activity Expected in Europe in 2015
Tuesday, January 27, 2015 Oil and gas licensing activity in Continental and Mediterranean Europe will remain steady in 2015 in spite of the low oil price, according to research firm Wood Mackenzie.
BP Cuts 255 Jobs In Azerbaijan, Remains Committed To Region
Tuesday, January 27, 2015 BP cuts 255 jobs, or around 8% of its workforce in Azerbaijan as it trims costs in response to the "challenging market environment".
Budget Watchdog: Canada May Face 2015/16 Budget Deficit On Low Oil
Tuesday, January 27, 2015 If the price of oil averages $48 a barrel this year, Canada will end up with a small deficit in 2015-16, even with the use of a contingency fund set aside for unexpected events, Canada's budget watchdog says.
Turkish Cypriot Negotiator Urges Suspension Of Gas Drilling
Tuesday, January 27, 2015 Greek and Turkish Cypriots should agree to suspend the search for offshore natural gas until they have hammered out a settlement in talks, Ergun Olgun says.
Kemp: Factors That Will Drive US Oil Production In 2015
Tuesday, January 27, 2015 Rig counts are a highly imperfect guide to future oil production but they are one of the few readily available statistics on oilfield activity so it is unwise to dismiss their importance entirely.
Obama Floats Offering First-Ever Drilling Lease In Atlantic
Tuesday, January 27, 2015 The Obama administration floats a plan that for the first time would open up a broad swath of the Atlantic Coast to drilling, even as it moved to restrict drilling off Alaska.
EarthStream Says Hiring Companies Gain from Decline in Oil Price
Monday, January 26, 2015 Falling oil price allows hiring firms to cope better with skilled shortages in the industry as more experienced candidates are available at reasonable salaries, an EarthStream executive says.
Argentina: Best Candidate for Next Shale Boom?
Monday, January 26, 2015 London-based research firm Visiongain argues that Argentina could turn out to be the best candidate for the next shale boom.
UK Parliament Group Calls for Shale Gas Fracking Moratorium
Monday, January 26, 2015 A group of British lawmakers call for a moratorium on shale gas fracking, saying developing the unconventional gas resources was incompatible with targets to fight climate change.
Oil Major BP Freezes Pay In 2015 To Cut Costs
Monday, January 26, 2015 BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.
Britain To Ban Fracking In National Parks After Policy U-Turn
Monday, January 26, 2015 Britain says it would ban fracking in national parks, reversing a policy announced last year.
Oil Slides Despite OPEC Talk Of A Floor
Monday, January 26, 2015 Oil fall in see-saw trade, with US crude ending at its lowest in nearly 6 years, as traders discount comments from OPEC's top official about the market finally finding a bottom.
Russian 2015 Hydrocarbon Reserve Growth To Fall Below Forecast
Monday, January 26, 2015 Russia's proven hydrocarbon reserves will increase much less than previously expected in 2015, the Russian Environment Ministry says.
US Supreme Court Rejects BP Executive's Appeal
Monday, January 26, 2015 The US Supreme Court declines to hear an appeal by a former BP executive.
Wood Mac: US Onshore Well Count to Fall by 26% in 2015
Friday, January 23, 2015 Oil prices under $50/barrel will results in a decline in North American well counts and rig day rates as operators scale back 2015 spending plans.
BSEE to Investigate Damage to Unmanned Platform off Louisiana Coast
Friday, January 23, 2015 BSEE is sending investigators to investigate a damaged platform off the coast of Port Fourchon, Louisiana.
Brent Closes Up, US Crude Down After Saudi King Dies
Friday, January 23, 2015 Brent crude was buoyed by market uncertainty over the future of Saudi oil output, while US crude fell on more signs of oversupply.
Mexico Looks The Other Way As Contractors Fleece Oil Giant Pemex
Friday, January 23, 2015 A recent rig deal, a Reuters examination finds, is typical of the way Pemex and the government respond to widespread signs of fraud in the company's vast contracting budget: by looking the other way.
Saudi Oil Minister Naimi To Stay For Now, Policy Steady
Friday, January 23, 2015 Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within OPEC.
Oil, Gas Salary Adjustments Amid Oil Price Decline
Friday, January 23, 2015 The downturn in crude oil prices is disproportionately affecting companies in the energy industry, prompting a variety of budget revisions that could affect workers' salaries.
SubseaIQ Hotspot Review: 2014 Notable Discoveries, Startups
Friday, January 23, 2015 With everyone focused on companies cutting budgets and announcing layoffs, SubseaIQ takes a break to look at some discoveries and production startups in 2014.
Apache Hires Former BP Executive Riney As CFO
Thursday, January 22, 2015 Apache names Stephen Riney, a former executive with BP, as its chief financial officer.
Gunvor: No Rebound To $100 Oil, Contango To Deepen
Thursday, January 22, 2015 Gunvor's head of analysis says crude was unlikely to return to $100 a barrel in the foreseeable future.
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