Regional News: United States
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Tackling the Skills Shortage Challenge in the Oil, Gas Industry
Friday, April 17, 2015 Industry experts weigh in on the continuing challenge of finding skilled workers to hire in the oil and gas industry.
US Oil Rigs Slide For 19th Week As Record Retreat Drags On
Friday, April 17, 2015 Oil explorers idled rigs in US fields for the 19th straight week, prolonging an unprecedented retrenchment in drilling.
Oil Falls From 2015 Peaks, Brent Jumps 9.6% On The Week
Friday, April 17, 2015 Crude futures fell from 2015 peaks in choppy trading, but Brent's 9.6% weekly gain was its biggest in more than five years.
Bill to Standardize Drillings Setbacks Passes Texas House
Friday, April 17, 2015 Controversial bill to standardize rule-making for cities on oil and gas permits passes House without incident. Moves on to the Senate with some changes that will have to be addressed in committee.
Schlumberger Impresses With Cost Cuts, Resilient Margins
Friday, April 17, 2015 Schlumberger reports a smaller-than-expected fall in 1Q margins as it continues to execute tight cost controls to combat a decline in drilling activity.
US Proposes Higher Royalty Rates For Drilling Federal Land
Friday, April 17, 2015 The US government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department.
EIA Projects Continued Volatility In Oil Prices
Friday, April 17, 2015 Volatility in crude oil prices will continue reaching a projected high of $252 per barrel for Brent crude oil in 2040, according to a long-term forecast released by the EIA April 14.
Oil Turns Higher, Rallies To 2015 High On Yemen Conflict
Thursday, April 16, 2015 Crude oil prices jump to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen.
Schlumberger Will Cut 11,000 Additional Jobs
Thursday, April 16, 2015 Schlumberger plans to cut 11,000 more jobs, bringing the total job cuts to 20,000 since January.
Oil Surges After Lower Than Expected US Inventory Rise
Wednesday, April 15, 2015 Oil prices rally and US crude jumps nearly 6% to a 2015 peak after government data shows crude oil inventories in the US rose less than expected.
Industry Not Expected To Fight Live Offshore Viewing
Tuesday, April 14, 2015 Houston legal expert says real-time viewing, a regular feature of onshore operations, is among key changes proposed to make offshore drilling safer.
Oil Rises On US Production Dips, Middle East Tensions
Tuesday, April 14, 2015 Crude oil futures rise on signs of falling US oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen.
Kemp: US Shale Boom Nears Turning Point
Tuesday, April 14, 2015 Oil production from major US shale plays will decline by almost 60,000 barrels per day between April and May.
EIA: US Crude Oil Output To Soar Till 2020 Despite Price Rout
Tuesday, April 14, 2015 The US government forecasts domestic crude production will rise even more than expected a year ago.
EIA: US Shale Oil Output To Fall In May, First Drop In 4 Years
Monday, April 13, 2015 Oil production from the fastest-growing US shale plays is set to fall some 45,000 barrels per day to 4.98 million bpd in May from April.
Oil Edges Up As Iran Uncertainty, Yemen Turmoil Support
Monday, April 13, 2015 Crude futures rise, but close well below intraday peaks, as concerns about Iran and turmoil in Yemen support prices.
Obama Proposes New Rules For Offshore Oil Wells
Monday, April 13, 2015 The Obama administration proposes tighter rules for the offshore drilling equipment designed to be the last line of defense against oil-well blowouts.
Use of Big Data is Necessary to Recruit Millennials in Oil, Gas
Friday, April 10, 2015 HR Professional Kris Cooper reveals research detailing why Big Data is necessary to recruit millennials in the workforce.
Oil Rises And Posts Weekly Gain As Iran Tensions Support
Friday, April 10, 2015 Oil prices rose, posting a weekly gain on lift from lowered expectations that an agreement on Iran's nuclear program will result in a rapid return of more Iranian barrels to the market.
US Oil Rig Slide Picks Up Again After False Bottom
Friday, April 10, 2015 The fall in US rigs drilling for oil quickened this week, data shows, suggesting that a recent slowdown was temporary.
US Begins Formal Review Of Shell's Arctic Drilling Plan
Friday, April 10, 2015 The US Interior Department says it received a plan by Shell to explore drilling opportunities in the Arctic.
Oil Up On Iran, German Data, But Strong Dollar Curbs Rise
Thursday, April 09, 2015 Oil prices rise on strong German economic data and uncertainty about negotiations on Iran's nuclear program.
Drillers' $26B Oil-Hedge Gain Spreads Price-Drop Pain
Thursday, April 09, 2015 For US shale drillers, the crash in oil prices came with a $26 billion safety net.
First Quarter 2015 Oil, Gas M&A Tumbles to $7.1B in E&P Sector
Thursday, April 09, 2015 The value of global upstream oil and gas M&A deals tumbled to $7.1 billion during 1Q 2015, a drop of 79% compared to the value in 1Q 2014.
Conoco CEO Sees Ramping Up Rigs When Oil Price Recovers
Wednesday, April 08, 2015 ConocoPhillips plans to add drilling rigs in 2017 in key US shale acreage based on its expectations for a crude price recovery, Ryan Lance says.
Oil Dives 6% From 2015 High As Stocks Swell, Saudis Pump
Wednesday, April 08, 2015 Oil prices dives 6% after closing at their highest this year.
Kemp: US Oil Production Is Probably Peaking Right Now
Wednesday, April 08, 2015 US crude production will peak this month, according to revised forecasts published by the country's EIA.
WCS Launches Coiled Tubing e-Course for Supervisors
Wednesday, April 08, 2015 Well Control School announces the release of its supervisor-level IADC WellCAP accredited coiled tubing course through its e-learning program, System 21 e-Learning.
Oil-Rich North Dakota County OKs $500M Shopping Hub
Tuesday, April 07, 2015 One of North Dakota's largest oil-producing counties has approved a $500 million development with new stores, apartments and an indoor water park.
Oil Rallies On US Jobs Data, Bullish EIA Monthly Report
Tuesday, April 07, 2015 Oil futures rally, erasing losses on strong jobs data, US government forecasts for lower domestic crude production growth and higher global demand for oil.
Douglas-Westwood: US Shale Gears Up for Price Recovery
Monday, April 06, 2015 Following the shale revolution, the US onshore market is widely being touted as the industry's new "swing" producer.
Oil Jumps 5% On Tempered Iran View, Slower US Inventory Rise
Monday, April 06, 2015 Oil prices jump more than 5% as traders reassess how quickly Iran might increase exports after a preliminary nuclear deal.
Greenpeace Group Boards Arctic Offshore Drill Rig In Pacific
Monday, April 06, 2015 Six Greenpeace activists protesting Arctic offshore drilling on boarded a rig as it was transported across the Pacific Ocean, where it will be staged for drilling on Shell leases in Alaska waters.
US Dept. of Labor: Job Gains for March Weakest in More than a Year
Monday, April 06, 2015 The US Dept. of Labor jobs report for March reveals the weakest job growth in more than a year.
HR Professionals Discuss Hiring Strategies during Downturn
Friday, April 03, 2015 Industry HR professionals discuss strategies and opportunities while managing the turbulent world of oil and gas.
Petro River Oil Updates Pearsonia Ops in Osage County
Friday, April 03, 2015 Petro River Oil provided an update on its proposed drilling program on its Pearsonia West Concession, as well as other recent corporate activities.
Buckeye Partners Closes 'Successful' Open Season for Pipeline Project
Friday, April 03, 2015 Buckeye Pipe Line Transportation successfully closes a binding open season for its Michigan/Ohio Pipeline Expansion Project.
North Dakota Oil Producers Complying With New Treatment Rules
Friday, April 03, 2015 North Dakota's oil producers are complying with new safety standards to remove as many volatile gases from crude as possible, state officials told Reuters.
Clock Keeps Ticking Toward North Dakota Oil Tax Break
Friday, April 03, 2015 The clock kept ticking in March on a potential $5.3B, 2-year tax break for North Dakota's oil industry after a state-calculated average of the month's crude price fell.
Texas' Air Emissions Continue To Decline
Friday, April 03, 2015 The EPA and the Department of Interior recently issued new and more stringent regulations that will make drilling and production more expensive if they can be achieved at all, says Alex Mills.
Utah: Home of the Next Oil Sands Breakthrough?
Friday, April 03, 2015 Utah company wants to broaden your idea of where oil sands development takes place.
Hess is Mirroring Toyota Manufacturing Process to Slash Well Costs
Thursday, April 02, 2015 Hess turns to a manufacturing process developed by automaker Toyota Motor to cut costs and boost production as crude oil prices lag.
Oil Falls Nearly 4% After Tentative Nuclear Deal For Iran
Thursday, April 02, 2015 Brent oil falls nearly 4% after a preliminary pact between Iran and global powers on Tehran's nuclear program.
Exxon CEO Talks Arctic Oil Drilling, Risks, Lessons
Thursday, April 02, 2015 ExxonMobil CEO Rex Tillerson talks about why he thinks Arctic exploration is worth the risk.
UH Symposium Reveals Energy Industry's Unmet Needs for Skilled Workforce
Thursday, April 02, 2015 Speakers address the critical needs of the current energy workforce at the University of Houston Energy Symposium.
Baker Hughes: US Oil Rig Weekly Decline Smallest Since December
Thursday, April 02, 2015 The number of rigs drilling for oil in the US declined by 11 this week to 802, the smallest decline since December, Baker Hughes says.
Source: US Readies Emergency Oil Train Safety Measures
Thursday, April 02, 2015 The US Transportation Department is completing work on a package of measures to control oil train dangers before the Obama administration finalizes a national safety plan.
Low Oil Prices Prompt ConocoPhillips to Review Workforce Needs
Wednesday, April 01, 2015 ConocoPhillips warns workers that it could reduce workforce headcount if oil prices remain low for an extended period of time.
Frank's International Plans to Cut 400-600 Jobs
Wednesday, April 01, 2015 Frank's Intl. plans a workforce reduction of 400-600 employees.
Oil Jumps After US Output Drop As Iran Talks Drag
Wednesday, April 01, 2015 Oil jumps as much as 5%, snapping a 3-session losing streak, as US crude output falls for the first time in two months.
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