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Regional News: United States

 
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New York Bans Fracking After Health Report
Wednesday, December 17, 2014 New York Governor Andrew Cuomo's administration says it will ban hydraulic fracturing in the state after a long-awaited report concluded that the gas-drilling method poses health risks.

Marathon Oil Cuts 2015 Capex 20% As Crude Tumbles
Wednesday, December 17, 2014 Marathon Oil says its capital expenditures will be about 20% lower next year due to the steep drop in crude oil prices.

Low Oil Prices to Slow, but Not Derail US Shale Boom
Wednesday, December 17, 2014 Lower oil prices will slow, but not derail US shale activity in 2015, industry experts say.

Oil Surges In About-Face As Some Bet Sub-$60 Brent Won't Last
Wednesday, December 17, 2014 World oil prices jump as much as 6% before closing off their peaks as weeks of nearly non-stop selling abruptly halt.

Report: $930B in Future Oil, Gas Investments at Risk from Low Oil Prices
Tuesday, December 16, 2014 Future oil and gas project investments of $930 billion could be at risk due to lower oil prices, according to a Goldman Sachs research note.

  



Brent Falls, Ends Below $60, US Crude Up Near $56
Tuesday, December 16, 2014 Brent crude futures fall for a fifth straight day to end below $60 a barrel while US crude finishes a volatile session slightly higher.

Obama Withdraws Alaska's Bristol Bay From Drilling
Tuesday, December 16, 2014 President Barack Obama announced that he's removing more than 52,000 square miles of waters off Alaska's coast from consideration for oil and gas exploration or drilling.

Oil Pipeline To Top US Senate Agenda Next Year
Tuesday, December 16, 2014 The Senate's first act in January will be approval of the Keystone XL pipeline, Republican leader Mitch McConnell says.

Keystone XL: Oil, Gas Industry Awaits Fate of the Pipeline's Final Phase
Tuesday, December 16, 2014 TransCanada, and the oil and gas industry, is hoping 2015 is the year that the Keystone XL pipeline project gets the go-ahead.

US Jury Finds Apache Did Not Breach Contract With W&T Offshore
Monday, December 15, 2014 Apache was not in breach of contract in a lawsuit brought by W&T Offshore Inc in 2011, a federal jury found, according to a court filing.

Report: Shale Vulnerable to Short-Term Investment Cuts Versus Deepwater
Monday, December 15, 2014 Companies with flexible financing may choose US deepwater project investment opportunities over US shale in the near-term, according to a recent report.

Enbridge's Midcoast Energy Partners Cuts Jobs As Nat Gas Volumes Decline
Monday, December 15, 2014 Enbridge's Midcoast Energy Partners business unit reduces workforce amid a drop in natural gas volumes in the pipeline.

Oil Falls Anew As OPEC Emergency Meet, Output Cut Ruled Out
Monday, December 15, 2014 Crude prices plunge further after OPEC once again says it will not cut oil output despite fears of a glut.

Kemp: Past Oil Price Slumps Show US Drillers' Inertia
Monday, December 15, 2014 The most important characteristic of the US oil industry is inertia - or to put it another way, drilling and production respond sluggishly even to a large change in prices, John Kemp says.

IEA: Slow Demand, Rising Supply Put Further Pressure On Oil Price
Friday, December 12, 2014 Oil prices are likely to come under further downward pressure, IEA says, as it cuts its outlook for demand growth in 2015 and predicts healthy non-OPEC supply gains will aggravate a global oil glut.

KPMG Analyst: Still Bullish about Oil, Gas Market Despite Crude Downturn
Friday, December 12, 2014 Crude oil prices will likely begin trending up again soon as OPEC constricts supply, an analyst said.

Oil Plunges 3% To New 5-Year Lows After Bearish IEA Outlook
Friday, December 12, 2014 Crude oil markets fall 3% or more to plumb new 5-year lows after the world's energy watchdog forecast even lower prices on weaker demand and larger supplies next year.

Halliburton to Lay Off 1,000 Eastern Hemisphere Employees
Thursday, December 11, 2014 Halliburton will lay off approximately 1,000 workers from its Eastern Hemisphere operations due to the current low-price market environment.

Falling Oil Prices Raise New Concerns For States
Thursday, December 11, 2014 Plummeting oil prices may add a little jingle in the pockets of holiday shoppers and travelers but are raising financial worries in some states that had been tapping into surging oil tax revenues.

You've Discovered Oil and Gas, Now Go Discover Your Data
Thursday, December 11, 2014 The Digital Oil Field (DOF) has been a major area of investment for all the majors and a fair few others since the mid part of last decade.

US Crude Crashes Below $60 As 6-Month Oil Rout Continues
Thursday, December 11, 2014 US crude falls below $60 a barrel, the first time in five years that it breached the psychologically-important support.

Goodrich, Oasis Petroleum Cut Spending For 2015 As Oil Slides
Wednesday, December 10, 2014 Goodrich Petroleum and Oasis Petroleum expect to spend much less on exploration and production next year, joining a list of US oil and gas companies cutting capital spending as oil prices plunge.

Oil Crashes 5%, Nears $60 On Weak US Demand, Saudi Inaction
Wednesday, December 10, 2014 Oil prices tumble as much as 5%, pushing US crude to 5-year lows near $60 a barrel after data showed a spike in US inventories and Saudi Arabia's oil minister reiterated that he has no plans to cut output.

Oil Up After 5-Year Low In Brent; Traders Wary Of More Downside
Tuesday, December 09, 2014 Brent oil prices end higher after touching a 5-year low and following five straight days of losses.

Trident, Harrison Truck Centers Team Up to Reduce Bakken Flaring
Tuesday, December 09, 2014 Freight trucks are partnering with a natural gas containment company to reduce flaring in the Bakken.

Exxon Sees Abundant Oil, Gas Far Into Future
Tuesday, December 09, 2014 North America will be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to ExxonMobil's annual long-term energy forecast.

Study Finds Methane Emissions Lower than Previous Studies
Tuesday, December 09, 2014 The level of methane emissions generated by hydraulic fracturing and shale gas production in the United States have declined, according to a recent study.

US Government Cuts 2015 Domestic Oil Production Forecast
Tuesday, December 09, 2014 The US government cuts its forecast for domestic oil production growth in 2015 by about 100,000 barrels per day and trimmed its forecast for global oil demand growth next year by 240,000 bpd.

Noble In $12.2M Settlement With DOJ Over Alaska Drilling
Monday, December 08, 2014 Noble Corp. says it paid $12.2 million to settle felony charges by the US Department of Justice related to safety, environmental and record keeping violations on vessels in Arctic waters in 2012.

Oil Dives 4% To Five-Year Low As Selling Snowballs
Monday, December 08, 2014 Oil dives 4% to new 5-year lows, as Wall Street expectations of a deeper price slump next year and a Kuwaiti prediction for $65 crude set off one of the biggest declines this year.

Kemp: Watching For A Drilling Slowdown In North Dakota
Monday, December 08, 2014 In the next few months, everyone in the oil market will be intently watching the volume of new drilling activity in the US shale plays, says analyst John Kemp.

ConocoPhillips Plans To Spend Less In 2015 As Crude Slides
Monday, December 08, 2014 ConocoPhillips says its capital budget for 2015 would drop 20% amid a steep decline in global crude prices.

EIA: US Shale Output Still Surges, To Add 103,000 Bpd By January
Monday, December 08, 2014 Oil production from the US' biggest shale plays is poised to keep expanding at the same breakneck pace into early next year, according to new US projections released by the EIA.

US Supreme Court Rejects BP Challenge To Gulf Spill Settlement
Monday, December 08, 2014 The US Supreme Court rejects BP's challenge to its multibillion-dollar settlement agreement over the 2010 Gulf of Mexico oil spill.

BDO Energy Survey: Lower Crude Prices Jolt Energy's Financial Executives
Friday, December 05, 2014 A new survey reveals that energy executives consider the drop in commodity prices to be their chief concern in 2015.

Eagle Ford Produces 1 Billionth Barrel of Oil
Friday, December 05, 2014 The Eagle Ford shale play produces its one billion barrel of cumulative oil production, and the play's potential remains strong despite lower oil prices.

Oil Pushes Lower, Undeterred By Bullish Jobs Report
Friday, December 05, 2014 US crude oil closes at its lowest since July 2009 as Brent averages below $70 a barrel in the week for the first time since 2010.

Oil Drops Again On Saudi Price Cut; Brent Below $70
Thursday, December 04, 2014 Oil ends lower as the debate over pricing continues after Saudi Arabia announced deep discounts for the crude it sells Asian and US buyers in an apparent attempt to defend market share.

US Crude Oil, Natgas Reserves Both Rose Over 9% In 2013
Thursday, December 04, 2014 Proven crude oil and lease-condensate reserves in the US increased 9.3% to 36.5 billion barrels in 2013, up from 33.4 billion barrels in 2012, the US Energy Information Administration says.

Musings: HAL/BHI Deal - Transformational Or Just Shifting Deckchairs?
Thursday, December 04, 2014 The recent agreement for Halliburton to acquire Baker Hughes sparks industry speculation as to the significance of the purchase for the global oilfield service industry.

Bridging Appalachia's Skills Gap
Wednesday, December 03, 2014 Chevron-led initiative supports science, technology, engineering and math education to boost the Marcellus and Utica workforce.

Kemp: News Of OPEC's Demise Has Been Much Exaggerated
Wednesday, December 03, 2014 Analyst John Kemp asks, "if OPEC cannot act to defend the prices and revenues of its member countries, does the organization still serve any purpose?"

North Dakota Governor's Budget Bets On Oil Price Rebound
Wednesday, December 03, 2014 North Dakota Governor Jack Dalrymple proposes a 2-year state budget that forecasts rebounding oil prices and a 23% jump in oil taxes, a tacit bet the state's energy boom will continue unabated.

Bridging Appalachia's Skills Gap: Nigel Hearne, Chevron Appalachia
Wednesday, December 03, 2014 Rigzone recently spoke to representatives of API's founding partners: Chevron, ACCD, the Claude Worthington Benedum Foundation and RAND Corp. Read on for their perspectives on the initiative.

Bridging Appalachia's Skills Gap: Dennis Yablonsky, ACCD
Wednesday, December 03, 2014 Rigzone recently spoke to representatives of API's founding partners: Chevron, ACCD, the Claude Worthington Benedum Foundation and RAND Corp. Read on for their perspectives on the initiative.

Bridging Appalachia's Skills Gap: Jim Denova, Benedum Foundation
Wednesday, December 03, 2014 Rigzone recently spoke to representatives of API's founding partners: Chevron, ACCD, the Claude Worthington Benedum Foundation and RAND Corp. Read on for their perspectives on the initiative.

Bridging Appalachia's Skills Gap: Gabriella Gonzalez, RAND Corporation
Wednesday, December 03, 2014 Rigzone recently spoke to representatives of API's founding partners: Chevron, ACCD, the Claude Worthington Benedum Foundation and RAND Corp. Read on for their perspectives on the initiative.

Exxon's Tillerson: Price Drop Will 'Sort Out' Shale Oil Sector
Wednesday, December 03, 2014 The sharp decline in crude oil prices will lead to a "sorting out" of the shale oil sector, Rex Tillerson, ExxonMobil's CEO, says.

US Appoints Top Diplomat For Energy Issues
Wednesday, December 03, 2014 The US appoints Amos Hochstein as the top diplomat for energy affairs as the Obama admin. tests using the power of the domestic energy boom to shape policy with foreign energy producers and consumers.

Brent Falls Below $70, US Crude Up, In Volatile Trade
Wednesday, December 03, 2014 US crude closes higher at more than $67 after data showed a surprise tumble in inventories, but a report suggesting Saudi Arabia expected still lower prices for oil sent Brent below $70 a barrel.

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