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Regional News: United States

 
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Substantial Rise Seen in O&G Mergers, Acquisitions in 2Q
Thursday, July 31, 2014 Oil and gas merger and acquisition activity grew substantially in 2Q 2014 due to mega-deal activity and foreign and domestic interest in divested assets.

Apache To Quit Gas Projects In Australia And Canada
Thursday, July 31, 2014 Apache says it plans to sell interests in two LNG projects as it sharpens the focus on developing North American shale fields.

ConocoPhillips Profit Slightly Higher; Output Rises
Thursday, July 31, 2014 ConocoPhillips reported a quarterly profit that just beat Wall Street expectations, helped by a bigger-than-expected increase in oil and gas production.

Exxon Profit Surges, But Production Slips
Thursday, July 31, 2014 ExxonMobil's net income rose 28% in 2Q on a sale of Asian assets and higher oil prices, while oil and gas production slipped 6%.

Chiyoda-CB&I JV Bags FEED Contract for Golden Pass LNG Export Project
Thursday, July 31, 2014 The Chiyoda-CB&I joint venture bags a front end engineering design services contract for the Golden Pass liquefied natural gas export project near Sabine Pass, Texas.

  



US Energy Dept Approves Oregon Project To Export LNG
Thursday, July 31, 2014 The US Energy Department approves Oregon LNG, as the Obama admin. works through applications to export fuel from the domestic drilling boom to markets in Asia and Europe.

US Oil Dives Below $100 On Kansas Refinery Outage, Equity Drop
Thursday, July 31, 2014 US crude oil tumbles more than $2, hitting the lowest level since March on news of a potentially lengthy shutdown at a Kansas oil refinery.

Wyoming Regulators: Setbacks between Wells, Housing May Be Widened
Thursday, July 31, 2014 Wyoming regulators are considering a change to the distance between residential structures and oil and gas wells.

Hess To Form MLP For North Dakota Oil, Gas Transport Assets
Wednesday, July 30, 2014 Hess says it will form an MLP for its North Dakota oil and natural gas storage facilities and processing plants, taking advantage of a key financial trend in the energy sector to generate cash.

Oil Prices Tumble On Ample Supply, Weak Demand
Wednesday, July 30, 2014 Oil prices tumble, with Brent leading the decline weakened by excess supplies in Europe and Asia.

IWCF Launches Online Well Life Cycle Course
Wednesday, July 30, 2014 The International Well Control Forum is urging the oil and gas industry to improve sector workers' basic knowledge of well control as it launches an online course.

Whiting Petroleum Profit Beats As Bakken Production Surges
Wednesday, July 30, 2014 Whiting Petroleum posts a better-than-expected quarterly profit as oil and natural gas production jumped across the company's wells in North Dakota and Colorado's shale formations.

Wolfcamp CAPEX Spending to Exceed $12B in 2014
Wednesday, July 30, 2014 Wood Mackenzie estimates that capital spending in the Wolfcamp tight oil play will exceed $12 billion this year.

US Judge Signs Order To Seize Kurdish Oil From Tanker Off Texas
Tuesday, July 29, 2014 Iraq files a suit in a Texan court to gain control of a cargo of crude oil from Iraqi Kurdistan that it says was sold without its permission.

Chesapeake Energy To Buy Back $1.26B Of Preferred Shares
Tuesday, July 29, 2014 Chesapeake says it would spend $1.26B to buy back all the outstanding preferred shares issued by its CHK Utica unit, in a move to simplify its balance sheet.

API Launches New Standard for Subsea Capping Stacks
Tuesday, July 29, 2014 API unveils new guidelines for the design, manufacture and use of subsea capping stacks.

Anadarko Profit Drops Less Than Expected On US Shale Output
Tuesday, July 29, 2014 Anadarko's 2Q profit fell less than expected as oil and natural gas production jumped in the Marcellus and Wattenburg shale regions, as well as Algeria.

Brent Oil Firm On New Russia Sanctions; US Slips On Refinery
Tuesday, July 29, 2014 Brent crude ends slightly higher as new sanctions on Russia look set to worsen relations between Moscow and the West, while US prices slip after a Kansas refinery fire.

National Oilwell Sees Falling Demand For Deepwater Rigs
Tuesday, July 29, 2014 National Oilwell Varco forecasts falling demand for deepwater rigs, overshadowing robust demand for jackups, used in shallower waters, as well as land rigs.

Survey: Energy Companies to Add 2000 Workers in the Marcellus Shale
Tuesday, July 29, 2014 The Marcellus Shale is providing workers in Pennsylvania and surrounding states with a variety of job opportunities, according to a new workforce survey.

Oil Lower on Signs of Excess Supply, Weak Demand in Europe and Asia
Monday, July 28, 2014 Oil prices dip as signs of excess supplies of North Sea and West African crude and weak demand in Europe and Asia offset fears of escalating tensions in Ukraine and the Middle East.

Kemp: Forecasts for Higher Oil Prices Misjudge the Shale Boom
Monday, July 28, 2014 "The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay."

Corpus Christi Crude Oil Shipments Hit Record 560,000 bopd in June
Monday, July 28, 2014 Crude oil shipments out of the Texas Port of Corpus Christi climbed to a record high in June as the Eagle Ford shale play pumped out ever more crude.

Post Oak Energy Capital Commits $150 Million to CP Exploration II, LLC
Monday, July 28, 2014 Post Oak Energy Capital announces that it is committed to a $150 million line of equity to CP Exploration.

Assessing and Hiring the Best Candidates for Performance and Retention
Monday, July 28, 2014 Weatherford's global director of human resources reveals how oil and gas companies can improve the hiring process.

Brent Climbs Above $108/bbl on U.S.-Russian Tensions, Supply Fears
Friday, July 25, 2014 Brent oil prices reverses early losses to climb more than $1 a barrel, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market.

Texas Petro Index: Seventh Record High as Production Closes in On All-Time
Friday, July 25, 2014 Karr Ingham’s Texas Petro Index shows energy in Texas is continuing to strengthen.

Visualization Techniques Enhance Oil, Gas Training, Operations
Friday, July 25, 2014 Oil and gas companies are using 3D animation and imagery to bolster training efforts and to better demonstrate technical concepts and techniques.

Hawaii-based Firm Scaling Up Nanotech for Oil, Gas Apps
Friday, July 25, 2014 Nanotech surface treatment could boost pipeline flow assurance, says exec.

U.S. State Department Names Hochstein Acting Energy Envoy
Friday, July 25, 2014 The U.S. State Department names Amos Hochstein as Washington's top energy diplomat, taking over as acting head of the Bureau of Energy Resources.

Noble Energy's Profit Beats As Output From US Fields Rises
Thursday, July 24, 2014 Noble Energy reports better-than-expected profit for 2Q thanks to a rise in production from wells in the Marcellus shale and the Denver-Julesburg basin.

Study: Oil, Gas Industry Seeking to Protect Greater Sage-Grouse
Thursday, July 24, 2014 Oil and gas companies are implementing an average of over six conservation measures per project to protect the Greater Sage-Grouse bird on public lands, a study finds.

Breitburn Energy To Buy QR Energy For $1.46B
Thursday, July 24, 2014 Breitburn Energy agrees to buy QR Energy in a deal to create one of the largest US oil producers structured as a master limited partnership.

Oil Falls On Worries About US Gasoline Demand
Thursday, July 24, 2014 The price of oil falls near $102 a barrel, erasing gains from the day before.

Crude Oil Rises On Drop In US Crude Inventories, Geopolitical Risk
Wednesday, July 23, 2014 Crude oil futures rise as oil stockpiles in the US fall more than expected and geopolitical tensions in Eastern Europe and the Middle East persist.

U.S. Proposes New Rules for Moving Crude Oil by Rail
Wednesday, July 23, 2014 The U.S. Department of Transportation announces a comprehensive set of proposed rules for the safe rail transport of crude oil and other flammable materials.

US Proposes New Rules For Moving Crude Oil By Rail
Wednesday, July 23, 2014 The US Department of Transportation proposes an overhaul of safety standards for transporting crude oil and ethanol by rail.

Analyst: Foreign Investment in US Shale to Continue
Tuesday, July 22, 2014 AlixPartners Dennis Cassidy says the oil and gas industry is midway through the phase of foreign investment in US shale.

Oil Slips As Supplies Flow Despite Conflicts
Tuesday, July 22, 2014 Brent and US crude settle lower after a choppy trading session as oil supplies remain unaffected by continuing violence in Iraq, Ukraine and Gaza.

Halliburton Sees N. America Margin Growth On Rise In Drilling
Monday, July 21, 2014 Halliburton says it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.

Oil and Gas Hiring Set to Increase, Candidates Choosier
Monday, July 21, 2014 Half of hiring managers in the energy industry plan to hire more professionals in the next 6 months as compared to the first half of the year, according to a semi-annual hiring survey from Rigzone.

Exxon, Alaska File Permit Request To Export Alaska Natural Gas
Monday, July 21, 2014 ExxonMobil, its partners and the state of Alaska are seeking federal permission to export LNG from a project that includes an 800-mile pipeline cutting across the state from Alaska's North Slope.

Analyst: Oil, Gas CAPEX Spending to End 2014 a Bit Flat
Monday, July 21, 2014 Rigzone talks with AlixPartners' Dennis Cassidy about what oil and gas spending and other trends will look like for the second half of 2014.

Oil Prices Rise Above $104; Natural Gas Sinks
Monday, July 21, 2014 The price of oil rises more than a $1 for the third time in the last four trading days, and closes above $104 for the first time since July 3.

Oil Trains, Born Of US Energy Boom, Face Test In New Safety Rules
Friday, July 18, 2014 North Dakota's Bakken oil patch has thrived thanks in large part to the once-niche business of hauling fuel on US rail tracks. New safety rules may now test the oil train model.

US Approves Plan To Open Atlantic To Oil Reserve Surveys
Friday, July 18, 2014 The Obama admin. approves a plan that would allow companies to assess oil resources off the Atlantic Coast.

Oil Price Remains High On Global Turmoil
Friday, July 18, 2014 The price of oil retreats slightly but remains elevated because of political turmoil around the world.

Baker Hughes Says New Technology To Lift N. American Results
Thursday, July 17, 2014 Baker Hughes posts better-than-expected profit and expects strong growth in North America as oil and gas producers turn to its new technologies to reduce drilling time and cut costs.

Newfield Boosts 2014 Production Guidance
Thursday, July 17, 2014 Newfield Exploration raises its 2014 production guidance, reflecting year-to-date operating momentum across the company.

Kemp: Peak Petroleum Engineer? Or Still Time To Join The Boom?
Thursday, July 17, 2014 Petroleum engineers are among the best paid professionals in the US. Only chief executives and some specialist doctors earned more last year, according to federal government pay data.

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