Regional News: United States
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Oil Extends Losses On Iran Talks; Brent Ends March Down 12%
Tuesday, March 31, 2015 Oil falls for a third straight session, with Brent crude tumbling 12% for the month.
Warburg Invests in E&P Start-Up
Tuesday, March 31, 2015 Global private equity firm Warburg Pincus offers a Houston-based E&P company a line-of-equity investment of up to $500 million.
The Oil, Gas Guide to Networking: Young Professionals
Tuesday, March 31, 2015 Rigzone speaks with Matt Gelotti, director of Young Professionals in Energy - Houston Chapter, who offers advice to young professionals networking in oil and gas.
US Approval Moves Shell A Step Closer To Arctic Drilling
Tuesday, March 31, 2015 The US Interior Department upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Shell a step closer to returning to oil and gas exploration in the Arctic.
Proposed Arctic Drilling Regulations Aim to Protect with Costly Price Tags
Monday, March 30, 2015 A list of regulations proposed by the US Department of the Interior for Arctic drilling could make exploration financially out of reach
Oil Down As Iran Races For Tuesday Deadline On Nuclear Deal
Monday, March 30, 2015 Oil settles down for a second straight session as Iran and six world powers try to negotiate a deal on Tehran's nuclear program that could end Western sanctions.
In Texas Oil Town, Early Signs Of Economic Strain As Drilling Slows
Monday, March 30, 2015 Sales tax receipts in the thriving oil town of Midland, Texas, fell this month, only the second decline in five years.
Advanced Drillships Become Burden For Owners As Business Dries Up
Friday, March 27, 2015 Drillship operators face a more brutal hit to margins than they did in 2008 because of the huge cost of maintaining the more than $10B worth of state-of-the-art vessels, analysts say.
Stockholders Approve Halliburton, Baker Hughes Merger
Friday, March 27, 2015 Halliburton and Baker Hughes announce stockholders have approved the merger agreement and thereby approve the proposed combination of the two companies.
Congress Takes On Energy Issues
Friday, March 27, 2015 Federal energy policy in the US took a turn to the right last week as the House passed a budget bill, the EPA and the Department of Interior got sued, and the Senate went on a marathon voting session.
Offshore to Office: Transitioning from a Rig to Office in Oil, Gas
Friday, March 27, 2015 Industry veterans and experts offer tips and advice for offshore workers who are considering transitioning from working on a rig to working in an office.
Oil Dives 5% As Worries About Iran Talks Trump Yemen
Friday, March 27, 2015 Oil tumbles 5%, erasing the previous session's gains, as Yemen's conflict looks less likely to disrupt Middle East crude shipments.
Shell Moves Rigs To Alaska Ahead Of Possible Drilling Permit
Friday, March 27, 2015 Shell is moving oil rigs to Alaska ahead of the possible resumption of controversial drilling activities as the oil major awaits the green light from US authorities.
Baker Hughes: US Oil Rig Decline Smallest Since December
Friday, March 27, 2015 The number of rigs drilling for oil in the US declined by 12 this week to 813, the smallest decline since December, according to Baker Hughes.
Oil Up 5% After Saudi Strikes In Yemen; Dollar Limits Gains
Thursday, March 26, 2015 Oil jumps about 5%, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies spark fears of a bigger Middle East battle.
Oil Council: Shale Won't Last, Arctic Drilling Needed Now
Thursday, March 26, 2015 In order for the US to keep domestic production high and imports low, oil companies should start probing the Artic now, an Energy Department advisory council says in study.
Sensor Technology Allows Better Visibility in Tracking Fluids
Thursday, March 26, 2015 A sensor technology allows oil and gas operators to better understand the movement of oil and water in reservoirs.
Energy-Focused Agent Sees Patience, Caution in Houston's Real Estate Market
Wednesday, March 25, 2015 For many who work in the oil and gas industry, relocation is a given.
As Oil Prices Slide, North Dakota Sees Manufacturing In Its Future
Wednesday, March 25, 2015 Business and community leaders in North Dakota's western oil patch launch an aggressive campaign to convince more manufacturers to set up shop locally.
Oil Up 3% On Weak Dollar, Speculative Buying, Yemen
Wednesday, March 25, 2015 Oil settles up about 3% as a weak dollar, fighting in Yemen and speculative buying boost crude prices.
Wood Mac: Demise of Unconventional Oil 'Exaggerated'
Wednesday, March 25, 2015 The economics of Lower 48 oil projects remain robust in spite of lower oil prices, Wood Mackenzie reports.
North Dakota Oil Rig Count Drops Below 100
Wednesday, March 25, 2015 The number of drill rigs in western North Dakota's oil patch slips below 100 for the first time in 5 years.
US Senate Democrats Push White House On Oil Train Safety
Wednesday, March 25, 2015 US Senate Democrats urge the White House to implement national oil train safety standards and to do more to control the volatility of crude moving in those shipments.
US Shale Oil Firms Raise Enough Equity To Avoid Loan Reset Squeeze
Tuesday, March 24, 2015 A surge in equity issuance so far this year by oil and gas companies has surprised many who in December thought the price drop would hurt the ability of producers to tap capital markets.
Brent Slides, US Crude Holds Flat On Resilient Dollar
Tuesday, March 24, 2015 Brent crude oil falls as the dollar regains its footing against the euro and fears of global oversupply persist.
Linn, Quantum Energy Tie Up to Buy Oil, Gas Assets
Tuesday, March 24, 2015 Quantum Energy Partners will invest up to $1 billion in new entity for the acquisition and development of oil and gas assets.
US Drillers Scrambling To Thwart OPEC Threat
Monday, March 23, 2015 Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep US oil competitive with much lower-costing oil.
Schlumberger Sees Prudence As New Normal For US Shale Oil
Monday, March 23, 2015 Prudence will be the new normal for the US shale oil industry, which has quickly abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger says.
Oil Rises More Than 1%, Boosted By Weaker Dollar
Monday, March 23, 2015 US crude futures settle more than 1% higher, boosted by a falling dollar that outweighed pressure on prices from a global supply glut.
DOI Issues Final Rule on Federal Fracking Standards
Friday, March 20, 2015 DOI officials say the new standards for hydraulic fracturing on federal and Indians are common sense updates, but energy industry groups and Congress members disagree.
Oil Jumps On Weaker Dollar; US Crude Up 4%
Friday, March 20, 2015 Oil prices jump with US crude up 4% after the dollar falls on interest-rate uncertainty.
Baker Hughes: US Oil Rig Count Falls To Lowest Since March 2011
Friday, March 20, 2015 The number of rigs drilling for oil in the US continue to decline this week, falling 41 to 825, the lowest rig count in four years, Baker Hughes says.
Oil Falls As dollar Up, Kuwait Sees OPEC Output Steady
Thursday, March 19, 2015 Oil prices tumble as a rebounding dollar and Kuwait's stance that OPEC has no choice but to keep producing in an oversupplied market undercut the previous day's rally.
Cybersecurity Activity Generating its Own Set of Big Data
Wednesday, March 18, 2015 Cybersecurity analytics is generating its own Big Data, industry experts tell Rigzone.
Oil Up 5% As Dollar Falls On Worry Of Slow US Rate Hike
Wednesday, March 18, 2015 Oil prices jump as much as 5% as the dollar falls after the Federal Reserve indicated it preferred a more gradual path to normalizing US interest rates.
US Shale Oil Firms Brace For More Pain As Crude Resumes Slide
Wednesday, March 18, 2015 With the prospect of another plunge in crude prices looming after two months of stability, US shale oil producers may face another round of spending cuts to conserve cash and survive the downturn.
Report: Removing US Oil Ban Would Create Jobs Beyond Drilling
Tuesday, March 17, 2015 Lifting a 40-year-old US ban on crude exports would create a wide range of jobs in the oil drilling supply chain and broader economy, according to a recent report.
China-Owned Nexen To Cut 400 Jobs In North America, UK
Tuesday, March 17, 2015 Nexen says it will cut approximately 400 jobs in North America and the United Kingdom in response to plunging global oil prices.
Brent Up, U.S. Crude Down In Volatile Trade; Stockpiles Eyed
Tuesday, March 17, 2015 Brent oil closes up for first time in four days, supported by a weaker dollar and short-covering after its recent losing streak, while US crude falls again on bets that inventories hit record highs for 10th straight week.
ConocoPhillips Expects Output To Rise 11% In Next 3 Years
Tuesday, March 17, 2015 ConocoPhillips expects production to climb 11% to touch 1.7 million barrels of oil equivalent per day in 2017.
Quicksilver Resources Files For Chapter 11 Protection
Tuesday, March 17, 2015 Quicksilver Resources and its US units file for Chapter 11 bankruptcy protection, adding to a list of oil and gas producers who have folded amid low oil prices.
Rig Trends: Floating Rig Market Facing High 2015 Contract Rollovers
Tuesday, March 17, 2015 The challenge for floating rig owners in 2015 will be trying to keep all the rigs coming off contract working, but the likely decline in operator drilling plans will make it nearly impossible.
Oil Exporters Amass Record U.S. Bond Holdings In Crude Price Plunge
Tuesday, March 17, 2015 The collapse in crude oil prices may have reduced revenues of oil exporters, but it has not soured their appetite for U.S. government debt.
Government Agencies to Monitor Offshore Marine, Energy Sector Cyber Threats
Tuesday, March 17, 2015 The US government is seeking to step up its monitoring of oil and gas infrastructure against cyberthreats, an industry observer tells Rigzone.
Are The Good Times Over For Growth In US Shale Gas?
Tuesday, March 17, 2015 US natural gas production could decline in 2016 for the first time in 10 years, driven by low oil prices after a decade of gangbusters growth from shale plays.
Frank's International to Acquire Timco in $75M Cash Deal
Monday, March 16, 2015 Frank’s International enters definitive purchase agreement to acquire Timco Services for $75 million.
Oil Down 2%, U.S. Crude Hits 6-Yr Low on Growing Stocks, Iran Talks
Monday, March 16, 2015 Oil prices fall 2 percent, with U.S. crude hitting six-year lows, on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market.
Will Low Oil Prices Prompt Cutbacks in Cybersecurity Spending?
Monday, March 16, 2015 Rigzone speaks with experts about the latest trends taking place in the oil and gas industry's efforts to address cybersecurity.
Careers in Sales in High Demand for N. American Oil, Gas Industry in Feb.
Monday, March 16, 2015 Rigzone takes a snapshot of available oil and gas jobs in North America for the month of February, and it shows that careers in sales are in highest demand.
North Dakota's Job Landscape Shifting (For Now) Away From Big Oil
Friday, March 13, 2015 Instead of roustabouts, North Dakotas's oil industry wants pump technicians, gas-processing plant operators and truck drivers to help sustain existing production.
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