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Baker Hughes to Buy Back Stock, Debt After Halliburton Deal Fails
Monday, May 02, 2016 Baker Hughes said it planned to buy back $1.5 billion of shares and $1 billion of debt, using the breakup fee it will receive following the collapse of its proposed buyout by fellow oilfield services provider Halliburton.

How Can Feds Help Oil, Gas Industry? Stay Out Of It, Insiders Say
Monday, May 02, 2016 From industry consultants to business owners, US oil and gas leaders say a deluge of government regulation and intrusion makes the downturn more challenging.

Midstates Petroleum, Ultra File for Bankruptcy Amid Weak Oil Price
Monday, May 02, 2016 Midstates Petroleum and Ultra Petroleum file for Chapter 11 bankruptcy protection, joining several companies that have been unable to meet debt obligations after a steep decline in energy prices.

'Unfixable' Halliburton Bid Felled by Global Scrutiny
Monday, May 02, 2016 Halliburton's "unfixable" plan to merge with Baker Hughes finally collapsed under the weight of worldwide antitrust opposition.

Graduate Recruitment Slows, but Still Present in Oil, Gas
Monday, May 02, 2016 Oil and gas companies adjust their graduate recruitment strategies to deal with the industry downturn.

  


Oil Down 3% on OPEC Output Hike, Speculative Ramp-up in Brent
Monday, May 02, 2016 Oil prices fall about 3 percent as production from OPEC neared all-time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized rally.

Oil Down 3% on OPEC Output Hike, Speculative Ramp-up in Brent
Monday, May 02, 2016 Oil prices fall about 3 percent as production from OPEC neared all-time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized rally.

Five Jobs Set to Grow in Oil, Gas
Monday, May 02, 2016 Rigzone takes a look at five potential areas of growth where employment could take off.

Slideshow: Check Out Day One of OTC 2016
Monday, May 02, 2016 Rigzone walks the floor of OTC 2016 and features the world’s largest offshore gathering in pictures.

OTC 2016: Efficient Application Key for Subsea Separation Future
Monday, May 02, 2016 The obstacles facing adoption of subsea separation technology have been overcome. Now, industry must focus on efficient application of existing technologies.

OTC 2016: BP Says Oil Price Not Lower Forever
Monday, May 02, 2016 The oil price will not stay lower forever, says BP's Upstream Chief Executive Bernard Looney.

US Supreme Court rejects appeal in shareholder suit against BP
Monday, May 02, 2016 The US Supreme Court declines a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of Mexico oil spill.

GE Focuses on Digital Technology amid Downturn
Friday, April 29, 2016 GE Oil & Gas continues technology investment through downturn, with a focus on digital technology for offshore operations.

Five Things to Do at OTC 2016
Friday, April 29, 2016 From planning your next career move to planning your next vacation, OTC's not your typical conference.

Polls: Most Oil, Gas Pros Believe they Can Enjoy Long Career
Friday, April 29, 2016 In a series of Twitter polls, Rigzone finds that oil and gas professionals are hopeful they can enjoy a career in oil and gas despite many having considered leaving the industry recently.

ConocoPhillips Tables Asset Sales As Rout Worsens Buyer's Market
Friday, April 29, 2016 ConocoPhillips is pulling some of its assets off the market as a prolonged industry downturn makes it harder to get the desired prices.

ExxonMobil Profit Beats Expectations On Big Cost Cuts
Friday, April 29, 2016 ExxonMobil reports a higher-than-expected 1Q profit as it slashes costs to offset plunging crude prices and weak refining margins.

UPDATE: Western Pennsylvania Natgas Pipeline Explodes, Injuring One
Friday, April 29, 2016 A natural gas pipeline outside Pittsburgh exploded on Friday, setting off a fire that destroyed a home, injuring one person inside it and forcing the evacuation of nearby residents, state and local officials said.

Oil Ends Steady Near $50; Best Monthly Gain in Brent in 7 years
Friday, April 29, 2016 Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years.

COLUMN: Technology is the Key to a Sustainable Oil, Gas Industry
Friday, April 29, 2016 Rigzone Editor-in-Chief Jon Mainwaring mulls the wisdom of Norway's energy leaders ahead of this year's Offshore Technology Conference in Houston.

EY Survey: Work Still Needed in Oil, Gas Workforce's Gender Diversity
Friday, April 29, 2016 Though progress has been made in the oil and gas industry's gender diversity issue, a recent EY survey reveals opportunities for improvement.

OTC 2016: Want to Drink Like A Local? Rigzone Sets The Bar(s)
Friday, April 29, 2016 To help our out-of-town OTC friends navigate Houston's lively night life, Rigzone's bar-hoppers put their heads together to compile a list just for you.

OTC 2016: Get To Know Houston Like An Insider
Friday, April 29, 2016 With thousands of visitors descending on Houston for the Offshore Technology Conference, Rigzone offers up a listing of some activities that show off the city's other assets.

BSEE Tests Technology for Oil Spill Exercise in Arctic
Thursday, April 28, 2016 BSEE tests technology to locate oil spills as it participates for first time in oil spill exercise run by US Navy.

Kemp: Rising Oil Prices Throw Lifeline to Shale Producers
Thursday, April 28, 2016 Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil slump started.

Oil, Gas Companies Interested in Technology Offering Quick Return
Thursday, April 28, 2016 A telematics company is seeing early interest its tracking technology set to debut at the Offshore Technology Conference.

Study: Fracking Effects on Water Not Systematic
Thursday, April 28, 2016 A recent study finds that potentially hazardous effects of shale exploration and production on groundwater are not systematic.

Weir Sees 70% Of North American Fracking Fleet Idle
Thursday, April 28, 2016 Oil equipment maker Weir Group reports a 47% fall in 1Q oil and gas orders and estimates that 70% of North America's fracking fleet is currently idle as low crude prices slow investment in the sector.

Oil Jumps 2% Despite Glut, Hits 2016 Peaks On Weak Dollar
Thursday, April 28, 2016 Oil markets jump 2 percent, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high US crude inventories and relentless pumping by major producers.

Top Oil Service Firms Mull North America Retreat As Losses Mount
Thursday, April 28, 2016 Two of the three largest oil rig operators and frackers are considering pulling back from the North American market as losses mount.

Baker Hughes Expects US Rig Count To Stabilize Later In 2016
Wednesday, April 27, 2016 Baker Hughes expects US rig count to begin stabilizing in the second half of 2016, while the rig count globally will drop steadily through the end of the year due to fewer new projects.

Oil's Magic Number Becomes $50 a Barrel for Promise of Recovery
Wednesday, April 27, 2016 BP, Nabors Industries and Pioneer Natural Resources all say that prices above $50 will encourage more drilling or provide the needed boost to cash flow.

ExxonMobil Ups Dividend 3% Day After Ratings Downgrade
Wednesday, April 27, 2016 ExxonMobil raises its quarterly dividend by 3%, a day after Standard & Poor's downgraded the US oil and gas company citing its generous payouts to shareholders.

Q&A: Industry Must Be Proactive in Attracting Future Workforce
Wednesday, April 27, 2016 Deloitte's Anne Taylor addresses current and future workforce challenges in the oil and gas industry.

Noble Profit Plunges As Low Oil Prices Hit Rig Demand
Wednesday, April 27, 2016 Noble's quarterly profit plunged 41%, coming slightly below analysts' expectations, hurt by lower demand for rigs as oil prices hover around decade lows.

Oil Jumps To 2016 Highs As Dollar Drops On Fed Decision
Wednesday, April 27, 2016 Oil prices jump about 3%, hitting new highs for 2016 as the dollar weakens after the Federal Reserve announces it would leave US interest rates unchanged.

Otto Energy Updates on Drilling at SM-71 #1 Discovery in the Gulf of Mexico
Wednesday, April 27, 2016 Otto Energy updates on drilling operations at the SM-71 #1 oil discovery in South Marsh Island Block 71 in the Gulf of Mexico.

Crude Prices Jump 3% On Gasoline Rally, Weak Dollar
Tuesday, April 26, 2016 Crude oil prices rise about 3% on the back of a rally in the gasoline market.

Lessons, Best Practices for Interns Searching in Oil, Gas
Tuesday, April 26, 2016 Former interns give advice and share best practices for getting the most out of your oil and gas internships.

ExxonMobil Loses Top Credit Rating It Held Since Depression
Tuesday, April 26, 2016 Standard & Poor's strips ExxonMobil of its highest AAA measure of credit-worthiness, cutting it to AA+, the same as the US government.

Contract Driller Nabors Posts Quarterly Loss As Oil Tumbles
Monday, April 25, 2016 Nabors posts a quarterly loss, compared with a year-earlier profit, as oil producers used fewer rigs amid persistently low crude prices.

Oil Down; Morgan Stanley, Barclays Warn Of Bearish Forces
Monday, April 25, 2016 Oil prices fall more than 2% as data points to fresh US crude builds, while leading banks in commodities say the two-month long oil market rebound has defied fundamentals.

Pioneer Natural Posts Quarterly Loss, Keeps Budget Plans
Monday, April 25, 2016 Pioneer Natural Resources reports a smaller-than-expected quarterly loss as the company successfully slashes costs to offset a more than 30% drop in the price it received for its crude.

Swift Energy Emerges From Bankruptcy
Monday, April 25, 2016 Swift Energy says it emerged from Chapter 11 bankruptcy, less than four months after filing for creditor protection.

ExxonMobil Starts Production at North Slope Project
Friday, April 22, 2016 ExxonMobil says it has started production at its Point Thomson project, the first company-operated project on Alaska's North Slope.

Halliburton Says It Cut 6,000 Jobs In 1Q, Delays Earnings Call
Friday, April 22, 2016 Halliburton says it cut more than 6,000 jobs in the 1Q, during which revenue slumped 40.4% and it took a $2.1B restructuring charge mainly for asset write-offs and severance costs.

Getting Energy M&A Done: Deal Terms Become As Dynamic As Markets
Friday, April 22, 2016 Companies look for creative ways to make M&A work in volatile price environment.

US Oil Baron Harold Hamm Endorses Trump For President
Friday, April 22, 2016 Harold Hamm, chief executive of shale oil producer Continental Resources and Mitt Romney's 2012 energy adviser, endorses US presidential candidate Donald Trump.

National Oilwell Varco Lays Off Another 520 Staff In Norway
Friday, April 22, 2016 National Oilwell Varco will cut its Norwegian workforce by another 520 people after low oil prices resulted in fewer orders.

Oil Up, Marking Third Week Of Gains As Market Sentiment Improves
Friday, April 22, 2016 Oil prices rise foe the third straight week of gains as market sentiment turns more upbeat amid signs a persistent global supply glut may be easing.

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