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PwC: Hybrid Model Could Boost Supply Chain Efficiency with Fewer Workers
Friday, July 31, 2015 A hybrid model proposed by PwC could enhance the efficiency of oil and gas supply chain operations with fewer workers on average needed.

Exxon, Chevron Bracing for Dark Times Ahead as Oil Slump Lingers
Friday, July 31, 2015 ExxonMobil and Chevron, the biggest US energy producers, hunker down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years.

Texas Oil Production On Track To Break Record
Friday, July 31, 2015 Economist Karr Ingham projects crude oil production in Texas will reach an all-time high in 2015.

ONE Future Coalition Seeks to Achieve Emissions of 1% or Less
Friday, July 31, 2015 Rigzone speaks the ONE Future Coalition about their goal of reducing the average methane emissions across oil and gas operations to 1% or less.

Oil Drops For 5th Week; US Crude In Biggest Monthly Fall Since 2008
Friday, July 31, 2015 US crude posts its biggest monthly drop since the 2008 financial crisis.

  


Oil Dips As Robust Dollar Offsets Stock Drawdown
Thursday, July 30, 2015 Crude futures settle down, pressured by a rally in the dollar which countered bullish sentiment from a drawdown in US stockpiles that was much steeper than expected.

ConocoPhillips Reports Better-Than-Expected Profit in Oil Crash
Thursday, July 30, 2015 ConocoPhillips reports better-than-expected profit and output while cutting spending plans amid lower oil prices.

WRI Study Outlines Solutions for States in Monitoring Methane Emissions
Thursday, July 30, 2015 A World Resources Institute working paper outlines strategies for US states in curbing methane emissions from new and modified natural gas infrastructure.

LINN Energy Drops Distributions, Investors Follow
Thursday, July 30, 2015 Linn Energy cuts its regular distributions to investors, likely drawing the attention of other upstream master limited partnerships.

Occidental Petroleum Quarterly Profit Drops 85%
Thursday, July 30, 2015 Occidental Petroleum Corporation says its quarterly profit fell 85 percent as crude oil prices plunged from last year's levels.

TGS: $65 Million Revenue Loss in 2Q 2015
Thursday, July 30, 2015 TGS reveals a net revenue loss of $65 million in the second quarter of 2015, compared to the same period last year.

Texas Counties among the Best and Worst for Oil, Gas Jobs in 2014
Wednesday, July 29, 2015 Midland County created the most oil and gas jobs in 2014, while Harris County had the most job losses in 2014, a report finds.

Hess Has Second-Quarter Loss as Bakken Helps Lift Oil Output
Wednesday, July 29, 2015 Hess reports its second consecutive quarterly loss as higher oil output fails to compensate for lower prices.

Billionaire Ambani Said to Weigh Sale of US Shale Holdings
Wednesday, July 29, 2015 Indian billionaire Mukesh Ambani's Reliance Industries is weighing a sale of its US shale gas investments, people with knowledge of the matter said.

Oil Rises From Near 6-Month Lows After Big US Stock Drawdown
Wednesday, July 29, 2015 Oil settles higher, recovering from multi-month lows, after US government data shows a surprisingly large crude stockpile draw.

How Pipelines Saved America's Biggest Oil Basin From Shale Bust
Wednesday, July 29, 2015 To understand why US oil production is so resilient, it helps to consider the maze of pipelines running out of Midland, Texas.

Anadarko Petroleum Quarterly Profit Lower, Beats Street
Tuesday, July 28, 2015 Anadarko reports a drop in profit, but results topped Wall Street expectations as the oil and natural gas company improved drilling practices and produced more crude than expected.

I Just Got Laid Off ... Now What?
Tuesday, July 28, 2015 Career experts offer advice to oil and gas professionals who are looking to move their career forward after layoffs.

Chevron to Cut 1,500 Jobs
Tuesday, July 28, 2015 Chevron will cut 1,500 jobs globally due to the current market environment.

Hercules Needs A Hero As Share Prices Sink
Tuesday, July 28, 2015 In a struggling time for many offshore companies, Hercules Offshore's plan for bankruptcy is sinking its shares prices in an especially tough trading environment.

Oil Steadies After 4-Day Loss; US Inventory Draw Eyed
Tuesday, July 28, 2015 Oil prices steady, with Brent recovering from near six-month lows and US crude settling more than 1% higher.

Pantheon Resources: VOBM#1 Spuds, 2 Well Drilling Program Starts
Tuesday, July 28, 2015 Pantheon Resources announces the spud of the VOBM#1 well, onshore East Texas, and the commencement of a 2 well drilling program.

Goodrich Sells Chunk of Eagle Ford: More Buying Time for Rebound
Monday, July 27, 2015 Goodrich Petroleum is selling key acreage in the Eagle Ford Shale to buy some liquidity and pay off some debt. But questions remain about whether it's enough to survive commodity prices.

Oil Hits 4-Month Low On China Stock Market Dive, Supply Concern
Monday, July 27, 2015 Crude oil futures hit 4-month lows after a steep drop in China's stock markets spark concern about the economic health of the world's biggest energy consumer.

Seeking to Build a Better Proppant
Monday, July 27, 2015 Rigzone follows up with some of the winners of Statoil and GE's first Open Innovation Challenge to reduce the amount of sand proppant used in unconventional operations.

San Leon Energy Non-Executive Director Resigns
Monday, July 27, 2015 San Leon Energy's long-standing non-executive director Jeremy Boak resigns, after accepting a position as a director of the Oklahoma Geological Survey at The University of Oklahoma.

Oil Falls To Lowest Close Since March, Down A Fourth Week
Friday, July 24, 2015 Brent and U.S. crude futures settle at their lowest since March and post their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.

'New Normal' Environment Requires Closer Look at Cost-Cutting Measures
Friday, July 24, 2015 KPMG energy practice leaders discuss industry challenges amid a lower oil price environment.

Baker Hughes: U.S. Oil Drillers Add Rigs Despite Crude Price Collapse
Friday, July 24, 2015 U.S. oil producers add 21 oil rigs in the past week, the most in over a year, suggesting that drillers were moving more aggressively than expected, just before crude prices' latest dive down.

Default Worries Close Bond Market Door To E&P Names
Friday, July 24, 2015 US oil exploration and production firms are again seeing their access to debt capital markets shrink, after a slide in oil prices put worries about defaults back on the radar.

Offshore Driller Hercules Says Weeks From Bankruptcy
Thursday, July 23, 2015 Hercules Offshore, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, says it plans to file for creditor protection in about three weeks.

Freeport-McMoRan Profit Beats Expectations; Shares Slide
Thursday, July 23, 2015 Freeport-McMoran reports an unexpectedly strong adjusted profit as sales of the metals and oil it produces rose, but its hefty debt load swelled and it also posted a big net loss.

Oil Falls On Concerns About Supply Glut, Shaky Demand
Thursday, July 23, 2015 Brent crude oil futures settle at its lowest since April and US crude falls into bear market territory.

Trials Underway for Wireless Mesh Communications Device
Thursday, July 23, 2015 Testing is underway for a new communications device with expanded use for kinetic mesh technology.

Oil Rigs Left Idling Turn Caribbean Into Expensive Parking Lot
Thursday, July 23, 2015 The Gulf of Mexico and the Caribbean Sea have become a garage for deepwater drillships - at a cost of about $70,000 a day each. It's either that or send your precious rig to a scrapyard.

E&P MLPs: Upstream Without A Paddle
Thursday, July 23, 2015 Upstream MLP units are trading at epic low prices; Rigzone talks to the experts about whether these structures will sink or swim.

Weatherford Raises Layoffs Target to 11,000
Thursday, July 23, 2015 Weatherford increases its worker layoff target to 11,000 as weakness in the North American oilfield service market activity continues.

88 Energy Raises $8.8 Million to Fund Project Icewine
Wednesday, July 22, 2015 88 Energy Limited completes a share placing operation to raise $8.8 million, which will help fund exploration programs onshore Alaska.

FMC Technologies Plans Further Headcount Reductions
Wednesday, July 22, 2015 FMC Technologies plans to implement further workforce reductions amid a challenging North America land market.

Slight Rebound Seen in US Onshore Production, Rig Count
Wednesday, July 22, 2015 DrillingInfo CEO Allen Gilmer talks with Rigzone about what to expect in terms of US onshore drilling and production.

Kemp: North Dakota Oil Well Completions Slow Sharply
Wednesday, July 22, 2015 No new well completion reports have been filed in North Dakota since July 10, the longest gap this year, according to daily activity records published by the state's Department of Mineral Resources (DMR).

Oil Falls, US Crude Settles Below $50 As Inventories Rise
Wednesday, July 22, 2015 Oil prices fall and US crude settles below $50 a barrel after government data showed crude inventories in the United States rose last week.

Statoil, GE Unveil Winners of First Open Innovation Challenge
Wednesday, July 22, 2015 Statoil and GE unveil winners of first Open Innovation Challenge to find solutions for reducing sand use in unconventional operations.

US Says Shell Is Not Yet Allowed To Drill In Arctic Oil Zone
Wednesday, July 22, 2015 The US Interior Department grants Shell its final two permits to explore for oil in the Arctic this summer.

Oil, Gas Companies Collaborate with Schools to Recruit Minorities and Women
Wednesday, July 22, 2015 Though recruitment efforts of women and minority in STEM have evolved over the years, there is still more work to be done to increase representation in industries such as oil and gas.

Chesapeake Energy Suspends Dividend Payments
Tuesday, July 21, 2015 Chesapeake says it will suspend dividend payments starting in the current quarter to save up to $240 million a year.

Oil Gains After Choppy Trade, US August Crude Expires Above $50
Tuesday, July 21, 2015 Crude oil futures held on to gains after a volatile session that saw the US front-month August contract expire and go off the board above $50 a barrel, with a weaker dollar providing support.

Baker Hughes Boosted By Rising Demand For Well Completion Services
Tuesday, July 21, 2015 Baker Hughes, which is being acquired by larger rival Halliburton, said it expects unfavorable market conditions to persist for the rest of the year.

The Bears and Bulls Draft a 2H Picture
Tuesday, July 21, 2015 Private energy companies are faced with the same challenges that have confronted big players in the first half of 2015; industry experts talk with Rigzone about how the rest of the year will shake out.

Wall Street Lenders Growing Impatient With US Shale Revolution
Tuesday, July 21, 2015 Wall Street has been one of the biggest allies of the shale revolution, bankrolling thousands of wells from Texas to North Dakota.

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