Regional News: United States
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Oil Falls In Volatile Trade On Supply Worries, Dollar And Iran
Thursday, March 05, 2015 Oil closes lower in volatile trade, as a soaring dollar and the US pursuit of an Iranian nuclear deal offsets earlier gains from supply concerns in Libya and Iraq.
Small, Medium or 'Right-Sized', Incremental Projects Broaden LNG's Reach
Thursday, March 05, 2015 Smaller liquefaction projects represent a growth area for the LNG sector.
It's Time to Remove the Prohibition to Export Crude Oil
Thursday, March 05, 2015 The law banning crude oil exports prevents crude oil producers in the US from participating in free trade of a commodity that is traded worldwide, Alex Mills says.
Exxon Sees Oil, Gas Output Rising Slowly Through 2017
Wednesday, March 04, 2015 ExxonMobil says its oil and gas output would rise 2% this year and 3% in each of the following years as it spends about $34 billion in 2015, down from a peak.
Kemp: Lessons For US Oil Production From The Gas Industry
Wednesday, March 04, 2015 The gas industry's experience is especially relevant now given the plunge in oil prices and new drilling since June 2014.
US Senate Fails To Override Obama's Veto Of Keystone XL Approval
Wednesday, March 04, 2015 The US Senate fails to override President Obama's veto of legislation approving the Keystone XL oil pipeline.
US Oil Rises, Brent Pares Losses On Iran News
Wednesday, March 04, 2015 US oil rises and benchmark Brent pares losses as OPEC member Iran stresses that it opposed a timeline for a freeze on nuclear activities.
Anadarko Petroleum Cuts '15 Capital Expenditures By A Third
Tuesday, March 03, 2015 Anadarko says it would reduce spending by about 33% this year, as it responds to lower crude oil prices.
Obama Administration Should Abide By 'All of the Above' Approach to Energy
Tuesday, March 03, 2015 IAGC President Ken Wells calls on the Obama Administration to truly commit to an "all of the above" energy policy.
Alaska Environmental Officials Investigating Oil Line Leak
Tuesday, March 03, 2015 Investigators are reviewing the cause of an oil production pipeline breach on Alaska's North Slope where upwards of 4,000 gallons (15,100 liters) of fluid spilled, state officials says.
Industrial Radio Cuts through Noise of Digital Oilfield
Tuesday, March 03, 2015 Industrial radio technology can help cut through the noise at oil and gas exploration and production sites as the industry employs more wireless systems.
Nabors Swings To Loss In 4Q As Drilling Activity Slows
Tuesday, March 03, 2015 Nabors swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices.
Oil Up As Netanyahu Blasts Iran In Speech; Libyan Forces Fight
Tuesday, March 03, 2015 Oil rebounds as Israeli PM Netanyahu warns the Obama administration against accepting a weak nuclear deal with Iran, and rival Libyan forces target oil terminals in the African nation.
Clock Ticks Toward North Dakota Reaping Up To $5.3B Oil Tax Break
Tuesday, March 03, 2015 The clock is still ticking on a potential $5.3B, 2-year tax break for North Dakota's oil industry after a state-calculated average of February's crude price fell below $52.59 per barrel last month.
As New England Freezes, Natural Gas Stays Cheap
Monday, March 02, 2015 In Feb., the US Northeast had the coldest winter in 81 years, yet gas prices are 1/5 lower than one year ago.
Reality Hits North Dakota's Pricey Apartment Market; Rents Drop
Monday, March 02, 2015 It is getting cheaper to rent an apartment in North Dakota's oil patch.
Oil Tumbles on Iran, Libya; Worry about High Supply Returns
Monday, March 02, 2015 Brent futures fall 5 percent, its most in a month, as speculation of a nuclear deal that could lift Iran's sanctions and boost its oil exports brought worries about high supplies back to the market.
Atmospheric Water Generation Offers Untapped Water Source
Friday, February 27, 2015 A water technology company 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.
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%.
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.
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.
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.
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.
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.
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