Regional News: United States
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US Oil Drillers Cut Rigs to Lowest Since Aug-Baker Hughes
Friday, October 31, 2014 Energy companies reduce the number of rigs drilling for oil in the U.S. to the lowest since August.
American Energy Affiliate Ups Activity in Permian Basin
Friday, October 31, 2014 American Energy-Permian Basin buys shale oil assets in the Permian Basin for $725 million.
Exxon, Chevron Results Boosted by Refining as Oil Prices Slip
Friday, October 31, 2014 A surge in refining profits boosts quarterly results at Exxon Mobil and Chevron.
Oil Falls for Fourth Month, Longest Slump Since 2008
Friday, October 31, 2014 Oil's losing streak continued for the fourth consecutive month, with prices tumbling as another round of monetary stimulus from Japan pumped up the U.S. dollar and pounded the crude market.
Baker Hughes Launches SeismicTrak
Friday, October 31, 2014 Oilfield services firm Baker Hughes launches its SeismicTrak seismic-while-drilling service.
Marriage of Analytics, Engineering First Principles Needed in Oil and Gas
Friday, October 31, 2014 The oil and gas industry needs a marriage of data-driven analytics and the first principles concept of engineering, an industry expert and author tells Rigzone.
Exxon Sticking With Capex Budget Around $37 Billion
Friday, October 31, 2014 The recent slide in crude oil prices is not affecting ExxonMobil's plans to spend $37 billion over the next several years.
Conoco 3Q Profit Rise, 2015 Capex Seen Lower
Thursday, October 30, 2014 ConocoPhillips reports higher third-quarter profit from the sale of its Nigerian unit but lowered its fourth-quarter production outlook.
Oil Slips On Dollar, Rate Fears After 2-day Gain; Brent Below $87
Thursday, October 30, 2014 Oil prices closed down 1%, resuming their downtrend after a two-day climb.
Total's New Boss Says Europe Must Fight US Oil Export Ban
Thursday, October 30, 2014 The new head of Total challenged Europe to fight Washington over the US oil export ban, in his first public appearance since his predecessor.
Oil Ends Up As US Crude Stocks Rise Less Than Expected
Wednesday, October 29, 2014 Oil prices close higher for a second day in a row after data showed US crude stockpiles rose less than expected last week.
Enhanced Oil Recovery: Prospects for CO2-based EOR
Wednesday, October 29, 2014 In the first of three articles examining enhanced oil recovery, research firm Visiongain looks at the prospects for carbon dioxide-based EOR.
Bakken Production Surge Boosts Hess Quarterly Profit
Wednesday, October 29, 2014 Hess posts a better-than-expected quarterly profit as production jumped and costs fell in North Dakota's booming Bakken shale formation.
Texas RRC Issues New Regulations on Fracking Disposal Wells
Wednesday, October 29, 2014 Texas' oil and gas regulatory body issues new rules regarding the location and operation of disposal wells used in hydraulic fracturing.
Whiting Profit Beats Street As North Dakota Output Jumps
Wednesday, October 29, 2014 Whiting Petroleum posts a higher-than-expected quarterly profit as production rises 33% at its North Dakota wells.
Oil Rises After 2-Day Loss; US Inventories Seen Up Again
Tuesday, October 28, 2014 Crude oil prices close higher, with Brent finishing just above $86 a barrel after two straight days of losses.
Noble Energy Profit Misses Expectations On Weak Oil Growth
Tuesday, October 28, 2014 Noble Energy posts lower-than-expected quarterly profit as US oil production disappointed analysts partly due to an ongoing lack of infrastructure in a key shale field.
BHP Billiton Eyes Sale Of US Shale Gas Assets In Profit Drive
Monday, October 27, 2014 BHP Billiton is planning to sell its Fayetteville shale gas assets in the US, in the latest effort to trim its portfolio in the region and focus on more profitable petroleum liquids.
FracInsight Offers Better View of Where to Fracture Rock
Monday, October 27, 2014 Knowing where to hydraulically fracture a well remains a challenge for the oil and gas industry, a Halliburton official says at SPE's ATCE.
Goldman Slashes 2015 Oil Price Forecast As Glut Grows
Monday, October 27, 2014 Goldman Sachs slashes its 2015 oil price forecasts, making it the most bearish among major financial institutions.
Kemp: Divided By Shale, Only Some US States Win
Monday, October 27, 2014 Thanks to shale, energy-producing states have been the strongest economic performers in the US over the past decade, sharply improving their position compared with the energy-consuming states.
US Oil Recovers From Dip Below $80 On Short-Covering
Monday, October 27, 2014 US oil prices rebound after tumbling to a 28-month low below $80 per barrel as short-covering helps offset earlier losses triggered by Goldman Sachs slashing its price forecasts.
Study: Oil, Gas Drilling Activities Provide Major Economic Stimulus for US
Friday, October 24, 2014 Oil and gas exploration and production account for much of the growth in employment and economic activity across the country, an analytical study said.
Continental Confirms Productivity of Springer Play
Friday, October 24, 2014 Continental confirms potential of its Springer play with results from individual delineation wells.
WoodMac: US to Achieve Energy Independence by 2025
Friday, October 24, 2014 Higher production and lower demand are driving the United States on the path to energy independence by 2025, according to Wood Mackenzie.
Natural Gas Flaring In Bakken Reduced Following New Regulations
Friday, October 24, 2014 A month after implementing new rules regarding the flaring of natural gas, the state of North Dakota was near compliance with the new limits as drillers in the Bakken work to reduce flaring.
Chesapeake Oilfield Services Pulls IPO Plans
Friday, October 24, 2014 Chesapeake Oilfield Services says it would withdraw its plans for an initial public offering.
Brent Oil Ends Week Flat, Pausing Rout, as US Contango Looms
Friday, October 24, 2014 Brent oil prices fell but were little changed on the week as traders caught their breath from a months-long rout, even as signs of rising global supply and a U.S. contango structure threatened deeper losses.
Brent Up Almost 3%, Biggest Gain Since June, On Reported Saudi Cut
Thursday, October 23, 2014 Brent crude oil jumps nearly 3%, its most in over four months, after an industry source says Saudi Arabia cut output in September following the summer's tumble in prices.
Occidental Petroleum Profit Beats Expectations As Production Jumps
Thursday, October 23, 2014 Occidental Petroleum posts a better-than-expected quarterly profit as US oil production jumps.
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.
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.
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.
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.
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.
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.
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.
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 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.
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