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Regional News: United States

 
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Shale Activity Creating Need for Updated Data Management Systems
Wednesday, October 22, 2014 Oil and gas companies should truly understand the scope of their operations before investing in technology solutions to address the complexity and volumes of data in shale operations.

Oil Dives After Big US Weekly Crude Stock Build
Wednesday, October 22, 2014 Oil prices fall sharply, with US crude approaching $80 a barrel after data shows a second big jump in weekly US crude stockpiles.

Famed Texas Oilman Nelson Bunker Hunt Dead At 88
Wednesday, October 22, 2014 Nelson Bunker Hunt, the Texas oilman once considered the world's richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market, dies at age 88.

Contract Driller Nabors' Revenue Rises On US Shale Spending
Wednesday, October 22, 2014 Nabors reported a 17% rise in revenue, its highest increase in nine quarters, as it benefited from strong spending in US shale fields.

PMI Energy Services Sets Up New Shorebase in Morgan City
Wednesday, October 22, 2014 PMI Energy Services opens a shorebase in Morgan City, Louisiana, focused on supporting shelf, coastal and inland waters production and drilling activities.

  



Denton To Vote To Ban Fracturing On November 4
Wednesday, October 22, 2014 The citizens of Denton will be voting Nov. 4 whether or not to ban hydraulic fracturing.

6 Mistakes to Avoid When Investing in Natural Gas
Wednesday, October 22, 2014 Unfortunately, there's no way to know what the future will bring, but there is a way to maximize your chances of investing success. Check out these six mistakes to avoid when you invest in natural gas.

Halliburton, Baker Hughes Buy More Sand, Railcars As Demand Piles Up
Tuesday, October 21, 2014 As fracking accelerates in North American shale fields, Halliburton and Baker Hughes are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul.

Oil Ends Up After China Demand News, Fragile Recovery Seen
Tuesday, October 21, 2014 Brent crude oil ends up almost 1%, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.

Kemp: Congressional Study Questions Embargo-Era Oil Policies
Tuesday, October 21, 2014 Lifting restrictions on US crude oil exports could actually lower fuel prices for US motorists and other consumers by contributing to a drop in world oil prices.

NASA Scientist: Arctic Drillers Can Learn from Space Program
Tuesday, October 21, 2014 Speakers discuss ways to overcome the challenges of drilling in the Arctic in order to extract fossil fuels in an extreme environment.

Halliburton Profit Beats As N. America Drilling Stays Strong
Monday, October 20, 2014 Halliburton reports a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America.

Oil Falls Below $86 As Oversupply, Global Economy Worries Weigh
Monday, October 20, 2014 Brent crude falls, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's 4-year low.

Oil And Gas Backs Democrat's Bid To Keep Louisiana US Senate Seat
Monday, October 20, 2014 Oil and gas interests are pouring money into a tight US Senate race in Louisiana, giving twice as much to the Senate campaign of incumbent Democrat Mary Landrieu than her Republican challenger.

Energy Day Encourages Students to Seek STEM-Related Careers
Monday, October 20, 2014 The fourth annual Energy Day Festival in Houston set attendance records as it promoted STEM-related careers.

Producers Will Find Ready and Welcome Market for Nat Gas in Bakken
Friday, October 17, 2014 Oil and gas companies will welcome the opportunity to reduce natural gas flaring and market liquid natural gas to a company that is building a new polyethylene manufacturing plant in the Bakken.

Oil Bucks Downtrend To Eek Out Small Gain
Friday, October 17, 2014 Oil prices rise slightly, bouncing from near 4-year lows even while marking a fourth straight weekly loss.

Schlumberger Says Higher Oil Demand In 2015 To prompt Oil, Gas Spend
Friday, October 17, 2014 Schlumberger says oil and gas spending will increase in 2015 as global oil demand is poised to rise.

Chesapeake To Sell Oil, Gas Assets For $5.37B
Thursday, October 16, 2014 Chesapeake says it will sell some oil and gas assets in the Marcellus and Utica to Southwestern Energy for about $5.37 billion.

Oil Rises On Tight US Gasoline Stocks, Options Expiry
Thursday, October 16, 2014 Oil prices rise in volatile trading, as data showing tight US gasoline supplies and technical trading ahead of options expiry provided rare support amid a long downturn.

Baker Hughes' Profit Misses on Weak Drilling Activity Outside N. America
Thursday, October 16, 2014 Oilfield services supplier Baker Hughes reports a lower-than-expected profit for the first time in five quarters.

SBM Wins Production Handling Deal with Noble Energy in GOM
Thursday, October 16, 2014 SBM Offshore signs a production handling agreement with Noble Energy to produce the Big Bend and Dantzler fields to its Thunder Hawk platform.

Oil Resumes Slump On Economic Gloom After Brief Bounce
Wednesday, October 15, 2014 Oil prices slump after a brief bounce from four-year lows fails to gain traction.

Flaring Rule Changes Limit North Dakota Oil Production Growth
Wednesday, October 15, 2014 North Dakota's oil production rose less than expected in August due to stringent flaring-reduction standards and sliding oil prices.

Colorado Political Candidates: Energy Vital to Colorado's Economy
Wednesday, October 15, 2014 Colorado political candidates meet to discuss the future of energy production in the state, and its role in the state's economy.

TGS Enters Anadarko Basin with Two 3D Surveys
Wednesday, October 15, 2014 TGS announces that it will be conducting two new multi-client surveys in Oklahoma, onshore US, later this year and during early 2015.

Apache's CFO Resigns After Eight-Month Stint
Tuesday, October 14, 2014 Apache says Alfonso Leon, its chief financial officer, is leaving the company eight months after he was appointed to the job.

Oil Dives $4 As Demand Dims, Shale Booms And OPEC Resists Cuts
Tuesday, October 14, 2014 Oil dives more than $4 a barrel, its biggest drop in more than two years as mounting evidence of slackening demand and unrelenting US shale output leaves traders struggling.

Oil, Gas Tech Startup Faces Threat in Fundraising
Monday, October 13, 2014 Oil and gas technology start-up companies should ensure they have a strategy for dealing with cyberattacks as well as fundraising.

Brent Crude Slides To Lowest Since 2010 On Saudi Output Signal
Monday, October 13, 2014 Brent oil prices fall, tumbling more than $2 a barrel intraday to their lowest since 2010.

GE Aircraft Unit To Buy Helicopter Lessor Milestone For $1.78B
Monday, October 13, 2014 GE's aircraft leasing unit said it would buy Dublin-based helicopter leasing company Milestone Aviation Group for $1.78 billion.

Targa Resources and Affiliate to Buy Atlas Pipeline and Atlas Energy
Monday, October 13, 2014 Targa Resources is to buy Atlas Energy's midstream assets for $1.9 billion, while its Target Resources Partners unit will buy Atlas Pipeline Partners for $4 billion.

IEA Chief: Oil Price Slump Yet To Hit US Shale Oil Production
Monday, October 13, 2014 The vast majority of shale oil in the US is produced at costs far below the current price of crude, IEA says, which means US projects can withstand the market slump squeezing other producers.

Oil Rebounds Off 4-Year Low On Short Covering
Friday, October 10, 2014 Global oil prices rebound, after sinking to the lowest levels in nearly four years earlier in the day.

US Rig Count Up 8 To 1,930
Friday, October 10, 2014 Baker Hughes says the number of rigs exploring for oil and natural gas in the US increased by eight this week to 1,930.

Industry, US Coast Guard Focus on Safety While Performing Core Functions
Friday, October 10, 2014 As the industry strives to improve safety during drilling operations, the US Coast Guard seeks to provide regulatory coverage without slowing the production process.

TIPRO: Oil, Gas Employment and Production Up in Texas, US
Friday, October 10, 2014 Texas leads the way as the United States' energy industry employment and production grows, a new report says.

Brent Drops Below $90; Worry Over Global Economy, Supply
Thursday, October 09, 2014 Brent breaks below $90 a barrel for the first time since the summer of 2012.

Price Fall Hastens Decline Of 'Big Oil' As Western Majors Retreat
Thursday, October 09, 2014 This year's fall in energy prices is hastening the decline of big oil, as the seven Western majors sell-off assets, cut investment, return money to shareholders and shrink in size.

WellDog, Shell to Commercialize Novel Shale Gas Testing Service
Thursday, October 09, 2014 WellDog is working with Shell to adapt a sensor technology used in coalbed methane for locating sweet spots in shale gas formations.

Brent Ends Down But Off Early Lows, Shaking Off US Stockpile Data
Wednesday, October 08, 2014 Brent crude hits a 27-month low before recovering partially to close above $91 a barrel.

Oil Recovery Startup Gets Going With $700M Blackstone Investment
Wednesday, October 08, 2014 Windy Cove says it received a $700 million equity investment from Blackstone Group, funds the company will use to buy mature oilfields that it will flood with carbon dioxide to free trapped oil and gas.

Pegasi Spuds East Texas Well
Tuesday, October 07, 2014 Pegasi begins drilling at The Huntington #4 well in Marion County, Texas.

Analysts: Oxy Sale Of Bakken Assets Would Make Strategic Sense
Tuesday, October 07, 2014 Any sale of Occidental's roughly 330,000 acres in North Dakota's oil-rich Bakken shale formation would make strategic sense for the company, which is likely eager to strike a deal, analysts say.

Weatherford Appoints 2H Offshore to Develop MPD System Riser Equipment
Tuesday, October 07, 2014 2H Offshore has been appointed by Weatherford Secure Drilling services to manage the design and delivery of the riser equipment for its Managed Pressure Drilling (MPD) system.

EIA Sees Lower OPEC Output, Weaker Demand Growth In 2015
Tuesday, October 07, 2014 The EIA trims its forecast of world oil demand growth for next year and makes even deeper cuts in its outlook for OPEC production.

Oil Deepens Slump On Economy, Demand Data; Arbitrage Hits WTI
Tuesday, October 07, 2014 World oil prices resumes a months-long rout to close at lowest in more than two years, pressured by reduced economic and demand growth forecasts.

Oil Reverses Course, Ends Higher On Weak Dollar
Monday, October 06, 2014 Crude oil futures reverse course after a massive sell-off last week and end higher on a slump in the US dollar.

Booming Energy Activity in Permian Basin Grows Midland Jobs, Economy
Monday, October 06, 2014 Permian Basin oil and gas activity is spurring housing development and providing jobs for the Midland, Texas, market.

WoodMac Sees Promise, Challenges in Springer Shale
Monday, October 06, 2014 The Springer shale play could bring new stacked pay potential to the Midcontinent, but more data and work are needed to make this opportunity a reality.

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