Regional News: United States

 
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US Refiners Bet On Strong Exports To Balance Market
Friday, April 28, 2017 Earnings results from several large independent US refiners show that they are taking advantage of demand from places like Mexico and South America, where sputtering local refineries cannot meet local demand.

Next Battleground: An Aging Great Lakes Pipeline Stirs New Protest
Friday, April 28, 2017 In Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline - Enbridge Inc.'s aging Line 5, which crosses the Straits of Mackinac.

Surging Chevron, ExxonMobil Profits Signal Oil Industry Turnaround
Friday, April 28, 2017 Rising crude prices helped Chevron and ExxonMobil easily beat Wall Street's profit expectations.

Oil Prices Felled by Libyan Oil Restart and Weak Gasoline Demand
Thursday, April 27, 2017 Crude prices were slightly lower after a volatile session, as the restart of two key Libyan oilfields and concerns about lackluster gasoline demand fed concern over whether major oil producers can alleviate the glut of global inventories.

Dow Chemical Boosts Plastics Sales Ahead of Merger and Split
Thursday, April 27, 2017 Dow Chemical Co. first-quarter sales from plastics jumped, demonstrating continued strength in a business that will be the core of a new company following a historic merger with DuPont Co. and subsequent three-way split.

  


Anadarko Shares Fall After Colorado Blast Prompts Well Closings
Thursday, April 27, 2017 Anadarko drops the most since August after the oil and natural gas explorer said it will shut more than 3,000 Colorado wells as part of an investigation into a deadly house explosion.

Icahn's Oil Refiner Reports Plunge in Biofuels Bill in 1st Qtr
Thursday, April 27, 2017 Biofuels compliance expenses for CVR Energy's refining unit fell to the lowest level in almost five years during the first quarter, the company said on Thursday, as the U.S. government weighs an overhaul of its renewable fuels policy.

How to Identify an Informal Mentor
Thursday, April 27, 2017 Mentor-mentee relationships aren't always part of an organized program. There are ways to glean the benefits of a mentor by identifying an informal mentor.

BLOG: Dream On, OPEC - The US Will Never Act Like A Cartel
Thursday, April 27, 2017 OPEC Sec Gen says US is outside the global trend of cutting crude production for the sake of market stability, but in reality, tight oil companies made market-driven cuts before OPEC could make a deal.

Marathon Petroleum Posts Surprise Profit as Refining Margins Rise
Thursday, April 27, 2017 Refiner Marathon Petroleum Corp reported a surprise quarterly profit on Thursday as refining margins jumped 18 percent despite challenging market conditions.

Trump's Tax Cut Proposal Shines Light on MLPs
Thursday, April 27, 2017 The Trump administration's proposal to slash tax rates on so-called pass-through businesses would deliver a windfall to investors in master limited partnerships.

Op-Ed: Big Trouble in North Korea, Venezuela Threaten Oil Prices
Thursday, April 27, 2017 The United States and North Korea are saber-rattling and in Venezuela, demonstrators against policies that kneecap PDVSA are dying in the streets - both key geopolitical issues that can smother an oil rally.

Maiden Bakken Oil Cargo to Asia Ships Out, with More to Come
Wednesday, April 26, 2017 It's expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.

Range Recalls 'Incredibly Creative Solution' for Marcellus/Utica 'Problem'
Wednesday, April 26, 2017 'Dragon-class' and VLEC vessels facilitate transoceanic trade of surplus US ethane.

BHP Billiton Puts US Shale Gas Assets On The Block Again
Wednesday, April 26, 2017 BHP Billiton has put its Fayetteville shale gas assets in the United States back on the block.

US E&Ps Can Turn A Profit On $50 to $60 Oil, Barclays Finds
Wednesday, April 26, 2017 Declining development costs and capital efficiency improvements position US E&P companies to earn solid returns at $50 to $60 per barrel oil prices, says Barclays' report.

Hess Reports Smaller Loss As Oil Prices Rise, Costs Fall
Wednesday, April 26, 2017 Hess reports a smaller quarterly loss as a rise in oil prices and fall in costs helped the US oil producer offset a drop in production.

Oil Prices Stable After Big Draw In US Crude Inventories
Wednesday, April 26, 2017 Oil prices rebounded from early losses after US government data showed a larger-than-expected falloff in crude inventories.

Trump Order Aims To Allow Drilling At National Monuments
Wednesday, April 26, 2017 Trump signs an executive order to identify national monuments that can be rescinded or resized - part of a broader push to open up more federal lands to drilling, mining and other development.

LNG Has Become a White House Favorite for Promoting Energy Jobs
Wednesday, April 26, 2017 Trump's administration is waking up to the potential jobs bonanza offered by the two dozen applications to build LNG export terminals under review.

Europe Lures Rare Diesel Cargoes from U.S. East Coast
Wednesday, April 26, 2017 U.S. East Coast refineries are stepping up exports of diesel despite a regional deficit of the fuel as strong overseas demand, particularly in Europe, is proving more profitable.

ExxonMobil's Dividend Tradition Faces Challenge as Oil Sputters
Tuesday, April 25, 2017 ExxonMobil has boosted it's dividend every April for at least a decade, delivering more than $98 billion directly to shareholders.

Refining Reliability and the Opportunity of Big Data
Tuesday, April 25, 2017 Data analytics offers much short-term promise in the downstream arena.

Baker Hughes Expects N. America Revenue To Rise In 2Q
Tuesday, April 25, 2017 Baker Hughes expects revenue from North America to rise in the current quarter from the first as oil producers drill more onshore wells.

Oil Breaks Losing Streak Ahead Of US Inventory Data
Tuesday, April 25, 2017 Oil prices edged up in volatile trading, rebounding from six days of losses.

Evolution of the Oil Industry Drives Need for Better Information Management
Tuesday, April 25, 2017 The ability for exploration and production companies to optimize their oil and gas assets relies heavily on fast access to the most accurate versions of data and scientific analysis.

Valero Energy to Process More Crude Amid Strong Gasoline Demand
Tuesday, April 25, 2017 The inventory of refined products has come down in recent months, offering a glimmer of hope to refiners, whose margins fell sharply in 2016 due to a glut of gasoline and diesel.

Perry Says Trump Should Renegotiate, Not Exit, Paris Accord
Tuesday, April 25, 2017 The White House has said it will decide by next month what to do with the deal involving more than 190 nations struck in the French capital in 2015.

Electric Car Boom So Real Even Oil Companies Say It's Coming
Tuesday, April 25, 2017 Total SA, one of the world's biggest oil producers, is now saying EVs may constitute almost a third of new-car sales by the end of the next decade.

Kemp: Distillate Export Boom Keeps U.S. Refiners Busy
Tuesday, April 25, 2017 U.S. refiners have become a powerhouse of distillate exports, causing the supply-demand balance for fuels from the middle of the barrel to tighten in the United States despite a very warm winter.

U.S. East Coast Refiners Eye Texas Oil as North Dakota Alternative
Tuesday, April 25, 2017 Which East Coast refiners are looking to move more crude by ship from Texas into the Philadelphia area?

Ask the Careers Editor: Future Career Paths and Applicant Tracking Systems
Monday, April 24, 2017 In this first installment of the "Ask the Careers Editor" series, we answer questions about planning your future career path and how to make sure your resume passes the applicant tracking system.

Oil Slips On OPEC Cut Extension Doubts, Russia Output Worries
Monday, April 24, 2017 Oil prices slip nearly 1%, extending last week's decline.

Op-Ed: Will OPEC Production Cuts Fail?
Monday, April 24, 2017 OPEC complies with its production cut deal, but one month before the cartel returns to Vienna to consider an extension, crude oil's march toward market stability and a $65 per barrel price point is slow.

Oil Falls Below $50 as Surging US Output Undermines OPEC Cuts
Friday, April 21, 2017 Oil dropped below $50 a barrel as investors lost faith.

Commodity Weekly: OPEC Rhetoric Fails to Rouse the Bulls
Friday, April 21, 2017 Oil market faces further downside risk if OPEC does not extend output cuts. Cartel rhetoric staves off lower prices in the meantime.

How to Network Like a Pro during OTC
Friday, April 21, 2017 Rigzone's got you covered on how to network during the premier global offshore energy conference.

Schlumberger Expects Reactivation Costs To Squeeze Margins
Friday, April 21, 2017 Schlumberger says a ramp up in drilling activity in North America boosted pricing for its services, but the cost of reactivating equipment idled during the downturn dragged down margins.

Texas Adds Thousands of Oil, Gas Jobs in March
Friday, April 21, 2017 Thanks in part to increasing crude oil prices and exploration and production activity in onshore basins, Texas adds more than 3,000 jobs in March.

US Will Not Issue Drilling Waivers To Russia Sanctions
Friday, April 21, 2017 The US will not make an exception for American companies seeking to drill in areas prohibited by US sanctions on Russia.

US E&P Budgets Rebound, Grow For First Time Since 2014 Downturn
Friday, April 21, 2017 US CAPEX and rig counts to drive production growth of 5% this year; drilling and completion spending to increase by 58% this year, according to Fitch Ratings' modeling.

Baker Hughes: US Drillers Add Oil Rigs For 14th Week In A Row
Friday, April 21, 2017 US drillers added oil rigs for a 14th week in a row, extending an 11-month recovery.

OTC: Finding Hollywood in Houston
Friday, April 21, 2017 While visiting Houston for OTC, check out where Hollywood came to town!

1Q Oil, Gas M&A Deals Hit Record $73 Billion
Thursday, April 20, 2017 Investors enter 2017 with renewed enthusiasm for oil and gas deals, pushing transaction value 160 percent above last year, but that excitement may be on the wane.

Exxon Probe Is Unconstitutional, Republican Prosecutors Say
Thursday, April 20, 2017 A group of 11 Republican state attorneys general are protesting an investigation into whether ExxonMobil violated consumer protection laws.

Want To Make The Most of OTC? Ask A Pro
Thursday, April 20, 2017 BP SVP and OTC board member Cindy Yeilding shares her top tips for having a successful OTC experience.

Oil Prices Could Tumble Again On US Shale Influx
Thursday, April 20, 2017 Oil prices could fall again by the end of the year due to a rapid increase in US shale production, Total chief executive says.

Oil Prices Mixed In Choppy Trade, Rising US Production Weighs
Thursday, April 20, 2017 Oil prices ended mixed after a seesaw trading session.

Rookie Mistakes to Avoid on Your First OTC Trip
Thursday, April 20, 2017 Rigzone highlights what not to do on your first trip to the Offshore Technology Conference in Houston, Texas.

BLOG: Don't Blow It During Your Job Interview
Thursday, April 20, 2017 The oil and gas industry is beginning to ramp up its workforce, and these tips can save you from common interview mistakes when you score face-time with hiring managers.

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