Regional News: United States
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Atmospheric Water Generation Offers Untapped Water Source
Friday, February 27, 2015 A water technology is demonstrating for oil and gas companies the potential for atmospheric water generation solutions in meeting water needs.
Chesapeake Energy Sees Asset Writedowns In 1Q-Filing
Friday, February 27, 2015 Chesapeake Energy, in a regulatory filing, expects to write-down the value of its oil and gas properties in the first quarter, citing low oil and gas prices.
Icahn Posts Loss As Fund Hit In 2014 By Oil Plunge
Friday, February 27, 2015 Billionaire Carl Icahn's publicly traded investment fund posted a loss in 2014, undone by plummeting oil prices, the company says in a regulatory filing.
Oil Up Sharply, Posts First Monthly Gain Since June
Friday, February 27, 2015 Crude oil rises sharply as Brent and US futures post their first monthly gains since June.
E&P Oil Firms Using Stock Sales To De-Lever
Friday, February 27, 2015 Exploration and production companies are bracing for a sustained period of low commodity prices by deleveraging through stock sales - and well-funded firms are surprisingly leading the way.
Driller Rowan Writes Down Assets By $438.4M In 4Q
Friday, February 27, 2015 Rowan writes down the value of 12 of its oldest jackups by $438.4M, joining rival Transocean Ltd in recording big asset impairment charges.
Exxon Says Spending To Fall 11% This Year To $34B
Thursday, February 26, 2015 ExxonMobil says spending will decline about 11% this year to around $34 billion due to plunging oil prices, according to a regulatory filing this week.
Oil Retreats As Rising US Inventories Continue To Weigh
Thursday, February 26, 2015 Crude oil futures fall sharply as rising inventories in the US pressure both Brent and US contracts and counter expectations for recovering demand.
Offshore Driller Ensco To Shut Down Rig, Slashes Dividend
Thursday, February 26, 2015 Ensco says it would shut down an ultra-deepwater rig as demand dwindles due to a slump in crude prices, a day after it slashed its quarterly dividend by 80%.
US Gas Exporters Eye Baltic Region, Poland As Asian LNG Boom Fades
Thursday, February 26, 2015 LNG exporters are looking to the Baltic states and Poland to sign buyers keen to cut their reliance on Russian supplies; hopes fade that Asian demand for cheap N. American natural gas will increase sales.
WSJ: Oil And Gas Producer Penn Virginia Looking To Sell Itself
Thursday, February 26, 2015 Oil and gas producer Penn Virginia Corp is considering selling itself, the Wall Street Journal reports, citing people familiar with the matter.
SandRidge Energy Cuts 2015 Capex By 56%
Thursday, February 26, 2015 SandRidge sets a capital budget of $700 million for 2015, 56% lower than a year earlier, as the company responds to a slump in crude oil prices.
Transocean Takes $992M Charge On Drilling Business As Oil Slumps
Thursday, February 26, 2015 Transocean writes down the value of its contract drilling business by $992 million as demand slumps due to lower oil prices.
Texas Legislature Gets Down to Business
Thursday, February 26, 2015 Water, transportation and taxes are amongst the key issues the Texas Legislature is set to tackle.
Whiting Shares Tumble On Plans To Keep Fracking Despite Cheap Oil
Thursday, February 26, 2015 Whiting Petroleum struck a confident tone for 2015, saying it will hydraulically fracture all wells it drills, but that prompted a sharp drop in its share price.
Brent Crude Up 5% As Saudi Sees Improved Demand For Oil
Wednesday, February 25, 2015 Brent Crude Up 5% As Saudi Sees Improved Demand For Oil
Chesapeake Profit Falls Short; Company To Slash Spending
Wednesday, February 25, 2015 Chesapeake says it will slash its 2015 spending and rig count in response to low crude oil prices that also pushed its 4Q profit below Wall Street expectations.
Kemp: Keystone Shows Environmental Review Process Is Broken
Wednesday, February 25, 2015 Keystone has become a symbol of a broken decision-making process that should be overhauled to ensure the US can meet the urgent energy and environmental challenges of the 21st century, analyst John Kemp says.
Kemp: Bakken Oil Drillers Retreat To The Core
Wednesday, February 25, 2015 North Dakota's oil producers pull back to the core areas of the Bakken formation to cut costs and maximize output amid the slump in prices.
Oil Prices Leave Uneven Impact on Offshore Sector
Tuesday, February 24, 2015 Despite cost reductions dominating news headlines in the petroleum industry, in reality, weak oil prices have an uneven impact on firms operating in the offshore sector.
Oil Turns Lower On Expectations Of Crude Oil Inventory Rise
Tuesday, February 24, 2015 Crude oil futures fall as expectations that this week's reports will show US crude inventories rise again countered supportive news of Libyan oilfields being shut.
Continental Gets One Last Boost From Sale Of Oil Hedges
Tuesday, February 24, 2015 Continental Resources posts a quarterly profit far above Wall Street's expectations, as a one-time gain from the sale of hedges lifts results and offsets tumbling commodity prices.
New Oil Rush? Private Equity Starts To Buy Into Energy Assets
Tuesday, February 24, 2015 A slump in oil prices has spurred activity among private equity investors around the world hoping for their own bumper returns by scooping up assets on the cheap.
Tenaris Joins Archer, Marathon in Cost Cuts, Layoffs
Tuesday, February 24, 2015 Oil companies Tenaris, Archer and Marathon Oil plan to cut company costs and reduce their workforce as a result of the oil market crisis.
Obama Vetoes Keystone Pipeline Approval Bill
Tuesday, February 24, 2015 President Obama swiftly delivers on his vow to veto a Republican bill approving the Keystone XL oil pipeline from Canada.
Transocean Shares Poised For Big Move After Results
Tuesday, February 24, 2015 Transocean shares are expected to move about 8% in either direction following its earnings results.
ExxonMobil 2014 Reserves Up On Oil Sands, Shale
Monday, February 23, 2015 ExxonMobil says its crude oil and natural gas reserves rose slightly in 2014, lifted by US shale and oil sands projects.
Chevron Brings 100 Jobs to Houston
Monday, February 23, 2015 As part of a scheduled relocation of 400 positions, Chevron has expedited the move of 100 jobs to Houston.
Archer Hit By US Shale Rig Squeeze, Targets At Least 10% Cost Cuts
Monday, February 23, 2015 Archer expects to cut its costs by at least 10% through an 11% headcount reduction, as it adapts to a weaker market in the North Sea and the US, the firm says.
Icy Conditions May Snarl Oil, Gas Operations In West Texas
Monday, February 23, 2015 A wide swath of freezing rain and drizzle that hit West Texas has left roads in the Permian Basin coated in ice, creating hazardous conditions for the oil and gas industry, a forecaster says.
Oil Falls 2% On Glut Worries; Heating Oil Up On Tight Supply
Monday, February 23, 2015 Crude oil futures fall more than 2% as investors worry about oversupply and a strong dollar.
Balance, Efficiency Key to Hess Weathering Low Oil Price Storm
Monday, February 23, 2015 Rigzone talks with Hess' Senior Vice President of Offshore Brian Truelove on the company's strategy for weathering the low oil price environment.
US Shale Oil's Crash Diet Likely To Bring Forward Output Dip
Monday, February 23, 2015 Shale oil producers are throttling back so quickly on drilling that US crude output could fall sooner than expected, within months, executives say.
Chevron's 2014 Oil, Gas Reserves Slip After Chad Asset Sale
Friday, February 20, 2015 Chevron says its oil and natural gas reserves fell 1% last year largely due to the sale of its stake in a Chad oil field.
Oil Ends Mixed After Mild Rig Count Drop, Heating Oil Spikes
Friday, February 20, 2015 Crude prices end mixed as the number of US rigs drilling for oil falls far less than expected this week.
Environmental Activists Target Flaring Of Natural Gas
Friday, February 20, 2015 However, allegations from environmentalists pick only certain information that is frequently undocumented and lacks scientific credibility.
Transocean CEO's Exit Linked To Lack Of Vision In Tough Market
Friday, February 20, 2015 People inside and outside of Transocean say Newman's abrupt departure reflected in part the board's view that the 20-year company veteran was too conservative and lacked a bold vision.
API Reviews Proposed Arctic Offshore Regulations
Friday, February 20, 2015 The Arctic is an essential piece of the energy equation and vital to keeping America's status as a world leader in energy, API Director of Upstream Erik Milito says.
US Proposes First Rules For Arctic Oil, Gas Drilling
Friday, February 20, 2015 The Obama administration proposes standards on exploratory drilling for oil and gas in US Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills.
Kemp: Shale Producers Postpone Oil Well Completions
Friday, February 20, 2015 US shale producers are postponing well completions to conserve cash and defer production until prices recover, says John Kemp.
BP and Maersk Partner to Train Offshore Rig Crews at New Houston Facility
Thursday, February 19, 2015 European oil companies BP and Maersk Training sign a 5-year contract in which Maersk will train BP offshore rig crews in a new training facility in Houston.
Project Would Nearly Triple Eaglebine/Woodbine Oil Pipeline Capacity
Thursday, February 19, 2015 A $300 million pipeline would give Texas Gulf Coast refineries better access to coveted Eaglebine/Woodbine crude oil.
PwC: Energy CEOs Short-Term Growth Threats, Long-Term Optimism
Thursday, February 19, 2015 Energy CEOs are looking to tools such as digital technologies to weather the oil price downturn and prepare for future growth, according to a PwC survey.
Activist Investors Dig Deep In Energy Company Bets
Thursday, February 19, 2015 Elliot Management and Omega Advisors are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices.
Marathon Oil Going After Costs, Has Saved $225 Million So Far
Thursday, February 19, 2015 MaMarathon Oil says it has so far captured $225 million in savings, citing streamlined shale drilling and completion processes and lower prices from oilfield service providers.
Oil Hedges Help Noble Energy Beat Fourth-Quarter Profit Forecast
Thursday, February 19, 2015 Noble Energy posts 4Q net income of $402 million as a big gain on hedges helps it beat forecasts even as revenue dips on the decline in crude prices.
Oil Down But Sharply Off Early Loss; Stock Build Less Than Feared
Thursday, February 19, 2015 Oil prices fall for a second day after the US government reports another record high in crude inventories.
US Shale Leader EOG Resources Confidence No Match For Cheap Oil
Thursday, February 19, 2015 One of the leaders of the U.S. shale revolution, EOG Resources, is humbled by plunging oil prices.
Marathon Oil Slashes Spending A Second Time, Profit Rises
Wednesday, February 18, 2015 Marathon Oil cuts its 2015 budget by another 20% to $3.5 billion and says its 4Q profit rose.
Brent Tumbles Below $60, Supply Glut Raises Doubts On Rally
Wednesday, February 18, 2015 The comeback rally in oil pauses, with Brent crude falling below $60, as traders take stock of the market's blistering 35% gain over the past month.
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