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Hercules Offshore to File for Bankruptcy a Second Time
Friday, May 27, 2016 Hercules Offshore plans to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.
Iran Emerging As Next Destination for Oil Investors Worldwide
Friday, May 27, 2016 Iran is emerging as a prominent venue for top investors in the oil and gas industry from across the world.
Oil Slips for 2nd Day as $50 Level Sparks New Output Fears
Friday, May 27, 2016 Oil prices dipped for a second day in a row on Friday as some investors took profit on a surge to seven-month highs while others worried about higher production with the market hovering near $50 a barrel.
Battle Inside OPEC Eases As Saudi Oil Strategy Finally Pays Off
Friday, May 27, 2016 Saudi Arabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time, it could soon argue convincingly that its strategy of squeezing rival producers is succeeding.
Saudi Aramco Says Discovers New Fields, to Continue Energy Investments
Friday, May 27, 2016 Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand, its new energy minister says.
Saudi Aramco Lifted 2015 Oil Output to Record in Market Spat
Friday, May 27, 2016 Saudi Arabian Oil, the world's largest crude producer, increased output to an all-time high last year while keeping its reserves unchanged as the kingdom battles for market share.
Baker Hughes: US Oil Drillers Cut Rigs Despite Price Decovery
Friday, May 27, 2016 US oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, even as crude prices this week tested a seven-month high at $50 a barrel.
Norwegian Oil Investments To Fall Further In 2017
Thursday, May 26, 2016 Investment in Norway's oil and gas sector will continue to fall next year as weak crude prices curb oil firms' spending, according a survey conducted by Statistics Norway.
Trump Heads to Shale Country to Make Energy Policy Pitch
Thursday, May 26, 2016 Donald Trump is poised to give his first substantive energy policy speech in North Dakota, a state eager to hear how he can help the industry recover from the worst downturn in a generation.
BP Seeks Longer Life for Thunder Horse with Water Injection
Thursday, May 26, 2016 BP's plan to enhance oil and gas recovery from Thunder Horse is part of its strategy of pursuing cost-effective opportunities within its current portfolio.
Talent in the Time of Bankruptcy: A Primer for the Oil and Gas Industry
Thursday, May 26, 2016 Oil and gas is inherently cyclical, and many companies will survive the current downturn. Some will even thrive, leveraging disruption to their advantage. But others, despite their best efforts, will not make it.
Oil Dips After Hitting $50/bbl as Glut Worries Resurface
Thursday, May 26, 2016 Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut.
Striking French Oil Workers Meet Soon Over Next Steps
Thursday, May 26, 2016 Oil sector workers of a French trade union will hold general assembly meetings on Friday to determine their next steps in the strike action that has disrupted fuel supplies and public transport, two union officials say.
Trump Says Would Approve Keystone XL Pipeline If Elected
Thursday, May 26, 2016 Republican presidential contender Donald Trump said on Thursday that he would approve TransCanada's Keystone XL pipeline proposal if elected.
Russia's Gazprom Sees Record 2016 Gas Exports to Europe
Thursday, May 26, 2016 Russia's Gazprom plans to export a record 165 billion cubic meters of gas to Europe this year, the company's deputy chief executive Alexander Medvedev says.
Rosneft Signs Framework with Pertamina for Oil, Gas Cooperation
Thursday, May 26, 2016 Russian energy giant Rosneft and Indonesian state energy company Pertamina signed a framework agreement on Thursday to cooperate in the oil and gas sector, including plans to develop a refinery together.
Experts on Lifting of the Crude Export Ban: We're All Winners
Thursday, May 26, 2016 Senior level executives in oil and gas believe lifting the crude export ban brings efficiency and stability to the industry.
Niger Delta Avengers Attack Escravos Terminal
Thursday, May 26, 2016 The Niger Delta Avengers attack Chevron's Escravos terminal in Nigeria, according to a statement on Twitter.
Seadrill Drops as CEO Says Drillship Firesale Was Overpriced
Thursday, May 26, 2016 The offshore drilling market is in such bad shape that when a rival recently bought a rig for less than a 10th of its new-build cost, it probably overpaid, according to Seadrill Ltd. Chief Executive Officer Per Wullf.
Russell: LNG Industry Tension To Rise As Price Breaks Link To Crude Oil
Thursday, May 26, 2016 The price of spot cargoes of liquefied natural gas in Asia has broken its long-standing link to crude oil this year, a development likely to fuel tensions in an already unsettled market.
Shale Oil Seen Stifling OPEC's Classic Market-Balancing Role
Thursday, May 26, 2016 The surge in the global supply of shale oil has curbed OPEC's ability to balance crude markets, a former Qatari energy minister says.
Iran-Saudi Row Threatens Any OPEC Deal, Puts Role In Question
Wednesday, May 25, 2016 As Iran reaches pre-sanction output levels, rising political tensions could dampen hopes for a production deal at the next OPEC meeting.
Exxon, Chevron Shareholders Defeat Anti-Drilling Proposals
Wednesday, May 25, 2016 Big Oil investors voted to continue doing the thing that has defined the industry since the 19th century: drilling for crude.
Algeria's In Amenas Gas Plant Due Back at Full Capacity in June
Wednesday, May 25, 2016 Algeria's In Amenas gas processing plant started test production at its third train a week ago and will soon be back running at full capacity, more than three years after a militant attack, a source at state energy firm Sonatrach said on Wednesday.
Report: Slow, Steady Recovery More Likely Than Rapid Rebound
Wednesday, May 25, 2016 A slow, steady recovery in oil prices is more likely than a rapid rebound, according to a global oil and gas industry survey from international law firm Ashurst.
Exxon, Chevron Battle Environmental Drive to Cut Big Oil's Reach
Wednesday, May 25, 2016 Climate activists seeking to pull investors into their camp are pushing Exxon Mobil and Chevron to limit money spent on exploration in favor of higher dividends and more share buybacks.
After Benefits Of Cheap Oil, India Counts Cost Of Reduced Gulf Remittances
Wednesday, May 25, 2016 Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a southwestern state that has one of India's highest unemployment rates.
PE Commitments Alone Not Enough to Signal Asset Market Recovery
Wednesday, May 25, 2016 Just because a private equity firm makes a commitment to an oil and gas team doesn't mean that meaningful spending will take place.
Negotiation 101: Strategies to Implement Before You Get in the Room
Wednesday, May 25, 2016 Newberry Executive Solutions leader Neena Newberry shares best practices for women negotiating in the workplace.
Oil Ends Session Up; Misses $50-target Amid Profit-taking
Wednesday, May 25, 2016 Oil prices rose about 2 percent on Wednesday after the US government reported a larger-than-expected drop in crude inventories, but profit-taking after the data kept prices below the $50 a barrel level that oil bulls had been hoping for.
Shell to Cut 2,200 More Jobs in Face of Weak Oil Prices
Wednesday, May 25, 2016 Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.
Putin Blesses Gazprom Neft's Oil Loadings from New Arctic Field
Wednesday, May 25, 2016 Russia's Gazprom Neft, under the gaze of President Vladimir Putin, has started loading a tanker with crude from its new Novoportovskoye field in the Arctic, which will help Moscow maintain record-high oil production.
BP, Shell Among Bidders to Run Qatar Oil Field
Wednesday, May 25, 2016 Six international oil firms including BP and Royal Dutch Shell have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter say.
Statoil Says Sees European Gas Prices Bottoming Out
Wednesday, May 25, 2016 Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply, company officials say.
Pre-OPEC Meeting Said to Have No Discussion of Oil-Output Limits
Wednesday, May 25, 2016 The final preparatory gathering of OPEC officials before the ministerial meeting on June 2 didn't discuss any limits on crude output, the latest signal that the group will stick to its current strategy of letting low prices eradicate a supply glut.
UK Oil, Gas Industry Set to Become Decommissioning Pioneer
Wednesday, May 25, 2016 The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become a leader in this field, according to Wood Mackenzie.
EIA: Crude Inventories Fall More Sharply Than Expected
Wednesday, May 25, 2016 US crude stocks fell last week as imports dropped and refineries cut output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration says.
Exxon Shareholders Pass Measure that May Put Climate Expert on Board
Wednesday, May 25, 2016 Voters at Exxon Mobil's annual meeting approve a measure to let minority shareholders nominate outsiders for seats on the board, meaning a climate activist could become a director at the world's largest publicly traded oil company.
Iraq Sticks to Oil Output Growth Plan Despite Spending Cuts
Tuesday, May 24, 2016 Iraq is sticking to an aspiration to increase its oil output by up to a third by 2020 despite warnings from some companies working in OPEC's second-largest producer that projects could be delayed due to spending cuts.
Shell Faces Rising Investor Discontent Over Executive Pay
Tuesday, May 24, 2016 Investor discontent with Royal Dutch Shell over multi-million euro pay packages for its top executives rose sharply at this year's annual shareholder meeting on Tuesday.
Industry Insiders Compare, Contrast Shifts in North American Energy Markets
Tuesday, May 24, 2016 Industry insiders discuss the shifting dynamics of North American energy markets.
Climate Change Takes Center Stage at Exxon, Chevron Annual Meetings
Tuesday, May 24, 2016 Exxon Mobil Corp and Chevron will face their toughest-ever push by shareholders concerned about a warming world at annual meetings on Wednesday.
Oil's Recovery Under Threat as Tankers Run in Circles Off China
Tuesday, May 24, 2016
Atlas Energy Pays CEO $73 Million Cash as It Becomes Penny Stock
Tuesday, May 24, 2016 Atlas Energy Group, a developer of oil and gas assets, paid CEO Ed Cohen $73.2 million in cash prior to its collapse and suspension from trading on the New York Stock Exchange.
Industry Optimistic about Iraq's Petroleum Future
Tuesday, May 24, 2016 Oil and gas officials optimistic about Iraq's petroleum future, despite evident challenges, at the 10th Iraq Petroleum Conference, held in London.
Oil Advances as US Crude Inventories Projected to Decline
Tuesday, May 24, 2016 Oil climbed before the release of US government data that is forecast to show crude inventories declined, easing a glut.
Oil Ends Up on US Crude Drawdown Hopes, Wall Street Rally
Tuesday, May 24, 2016 Oil prices rose on Tuesday as investors anticipated a weekly drawdown in US crude inventories that they hoped would boost prices closer to $50 a barrel, while a rally on Wall Street also lent support.
Oklahoma Regulators Raise Concerns on Quake Insurance Rate Hikes
Tuesday, May 24, 2016 Oklahoma regulators grappling with a massive increase in small earthquakes linked to growing oil and gas production say they are concerned with spiking rates for earthquake insurance coverage and diminishing competition.
Poland's PGNiG to Receive First Spot LNG Cargo from Statoil on June 25
Tuesday, May 24, 2016 Poland's state-run gas firm says it will receive its first spot delivery of liquefied natural gas (LNG) from Norway's Statoil on June 25.
Shell CEO Warns Renewables Shift Could Spell End If Too Swift
Tuesday, May 24, 2016 Royal Dutch Shell cannot switch too quickly to producing renewable energy without risking its dividend payments and even its very existence, the oil and gas group's chief executive warned.
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|Brent Crude Oil :||$49.59/BBL||0.30%|
|Light Crude Oil :||$49.48/BBL||0.16%|
|Natural Gas :||$1.96/MMBtu||1.50%|
|Updated in last 24 hours|