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85 Gas Projects Dying on the Vine as LNG's Promise Falls Short
Friday, October 09, 2015 Five years ago, energy companies hungry for the next big thing began planning as many as 90 terminals to send natural gas around the globe. Now, it seems the world only needs five more.
House Passes Bill Axing US Oil Export Ban, Veto Looms
Friday, October 09, 2015 A bill to repeal the US oil export ban passes the House of Representatives, but faces an uncertain future after a veto threat by President Barack Obama.
Rigzone Surveys Reveal Employer, Candidates Behavior during Downturn
Friday, October 09, 2015 Rigzone's most recent surveys reveal the behaviors and practices of job-seekers and employers during the industry downturn.
Kemp: Oil Prices Strengthen, Shrug Off Goldman Warning
Friday, October 09, 2015 Timespreads for WTI and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.
Baker Hughes: US Oil Drillers Cut Rigs For 6th Week On Weak Crude Prices
Friday, October 09, 2015 US energy firms cut oil rigs for a sixth week in a row this week, the longest streak of weekly declines since June, data showed, a sign low prices continued to keep drillers away from the well pad.
Oil Surges To Settle At 3-Month High On Bullish Outlook
Thursday, October 08, 2015 Oil prices climb to their highest in three months after a closely watched oil forecaster predicted prices would climb to $75 over the next two years.
Oil Drillers Hunker Down for More Pain One Year Into Bear Market
Wednesday, October 07, 2015 A year after oil sank into a bear market, the industry is still hunkering down for a long period of low prices, with Europe's biggest producer seeing only the first glimpses of a recovery.
Oilfield Cannibals: To Save Cash, US Drillers Strip Idle Rigs
Wednesday, October 07, 2015 In a bid to save cash, rig owners are cannibalizing parts such as motors and drill pipe from idled rigs to fix 800 active ones in the US when stuff breaks.
Oil Down, Snaps 3-Day Rally After Big US Crude Build
Wednesday, October 07, 2015 Oil falls in volatile trading, snapping a 3-day rally, after US government data showing a large crude inventory build surprised traders the day after an industry group had reported a draw.
Millennials in the Workplace
Wednesday, October 07, 2015 Rigzone speaks with a millennial, career and workplace expert about the characteristics of millennial workers.
US Oil Production On Brink Of 'Dramatic' Decline, Exec Says
Tuesday, October 06, 2015 Oil executives warn of a "dramatic" decline in US production that could pave the way for a future spike in prices if fuel demand increases.
US EIA Sees Tighter 2016 Oil Market As Demand Accelerates
Tuesday, October 06, 2015 Global oil demand will grow by the most in 6 years in 2016 while non-OPEC supply stalls, according to a monthly US energy report that suggests a surplus of crude is easing more quickly than expected.
Oil Jumps $2, Breaking Range As Supply Seen Ebbing
Tuesday, October 06, 2015 Oil prices jump more than $2 a barrel, breaking out of a month-long trading range.
Prosep Appoints McCarthy as New CEO
Tuesday, October 06, 2015 Prosep appoints oilfield services veteran Patrick McCarthy as its new CEO.
USGS Estimates 21 Million Barrels at California's Monterey Formation
Tuesday, October 06, 2015 The volume estimated in the new study is small, compared to previous USGS estimates of conventionally trapped recoverable oil in the Monterey Formation in the San Joaquin Basin.
US Says BP To Pay $20B In Fines For 2010 Oil Spill
Monday, October 05, 2015 BP will pay more than $20 billion in fines to resolve nearly all claims from its Gulf of Mexico oil spill 5 years ago.
Crude Up Over 2% As Gasoline Jumps, Russia Mulls Oil Talks
Monday, October 05, 2015 Crude oil prices settle up more than 2%, bolstered by a rally in US gasoline and Russia's willingness to meet other major oil producers to discuss the market.
R. Scott Rowe Assumes Cameron CEO Role
Monday, October 05, 2015 R. Scott Rowe assumes the role of Cameron president and chief executive officer, effective immediately.
Moody's: Alaska To Be Hit By Shell's Decision To Halt Oil Exploration
Monday, October 05, 2015 Shell's decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state's already struggling economy, according to Moody's.
Oil Drillers Bet Choking Wells Will Keep Shale From Going Bust
Friday, October 02, 2015 Encana and others envision a future with a more stable flow from wells, so that they don't always have to keep drilling simply to maintain output.
Oil Up, Erasing Early Loss; US Rig Count Down 5th Week
Friday, October 02, 2015 Crude prices erase early losses to rise by 1% or more after a report showing the fifth weekly decline in the US oil rig count renewed the debate over falling production in the world's top oil consumer.
Mining Jobs Decline by 10,300 in September
Friday, October 02, 2015 Jobs in oil and gas declined again for the month of September, according to the most recent US jobs report.
Jim Rogers Says Oil Ignoring Bad News Usually Means Rebound Near
Friday, October 02, 2015 Oil is holding near $45 while the bad news keeps coming. For investor Jim Rogers, that's usually a sign a rebound is near.
Baker Hughes: US Oil Drillers Cut Rigs For 5th Week
Friday, October 02, 2015 US energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, data shows.
Compensation Survey Finds Midstream Remains a Good Place to Be
Thursday, October 01, 2015 Most midstream firms surveyed continue to take steps to retain managers and employees.
Senate Panel Passes Bill To Lift US Oil Export Ban, Future Uncertain
Thursday, October 01, 2015 A bill to lift the 40-year-old ban on US oil exports passes the Senate banking committee.
Oil Down As US Storm Worries Fade, Snuffing Early Rally
Thursday, October 01, 2015 Oil prices fall more than 1% as the government's storm monitor alters forecasts for the path of the latest US hurricane.
Registration Totals for SPE ATCE Exceed Expectations
Thursday, October 01, 2015 Registration totals for the 2015 SPE ATCE event exceed expectations as the oil and gas industry explores ways of surviving in a "lower for longer" price environment.
Houston Fuels STEM Students With Energy Day Festival
Thursday, October 01, 2015 Sponsored by the Consumer Energy Alliance, Houston's Energy Day festival is expected to attract more than 17,000 visitors this year.
Stripper Wells Burning Cash at $30 Oil to Speed US Output Drop
Thursday, October 01, 2015 The speed at which oil producers shut down wells spitting out their final drops of unprofitable crude may speed the drop in US output and hold the key to an eventual rebound if prices fall further.
Energy Companies In New York Prepare For Hurricane Joaquin
Thursday, October 01, 2015 US energy companies prepare for the arrival of Hurricane Joaquin in the New York area, as forecasts suggested the storm would head up the US East Coast.
Recent Crash in O&G Projects Not Surprising, Industry Expert Says
Thursday, October 01, 2015 Warning signs were apparent that oil and gas project costs were escalating, but industry failed to take action, says an industry expert at the SPE ATCE 2015 conference.
Wyoming Court Issues Injunction Against Fracking Rules For Public Lands
Wednesday, September 30, 2015 A Wyoming judge grants preliminary injunction against the federal government's regulations for hydraulic fracturing on public lands.
Oil Mixed On US Crude Build, Syria; Down 24% On Quarter
Wednesday, September 30, 2015 Oil prices end mixed in volatile trade, with global benchmark Brent up on worries about Russian airstrikes in Syria and US crude down after data showing a surge in domestic inventories.
Industry Needs Better Understanding of Cost-Cutting Consequences
Wednesday, September 30, 2015 The oil and gas industry needs to measure and understand the long-term consequences of cost-cutting, industry officials said at the SPE ATCE 2015 Conference.
TransCanada Submits to Nebraska Review to Speed Keystone XL
Wednesday, September 30, 2015 TransCanada is surrendering to an additional review of the Keystone XL oil pipeline and backing off from conflicts with Nebraska landowners as it struggles to win approval for the project.
Energy Companies In New York Area Prepare For Hurricane Joaquin
Wednesday, September 30, 2015 US energy companies say they are preparing for the possibility that Hurricane Joaquin could hit the New York City area early next week.
Chesapeake Cuts Workforce by 15%
Tuesday, September 29, 2015 Chesapeake has implemented a reduction of 15% of its workforce due to the low-price commodity environment.
Rescue Funding Could Fall Flat For Companies Needing A Life Vest
Tuesday, September 29, 2015 As smaller, mid-cap companies have grown to depend on second liens and more expensive credit, the asking price for their assets may turn off the private equity spigot.
Man-Camp Exodus Spurs Real-Estate Crisis Across US Shale Towns
Tuesday, September 29, 2015 After struggling to house thousands during the boom, North Dakota faces a new real-estate crisis: the frenzied drilling hasn't lasted long enough to support the oil-fueled building explosion.
Oil Jumps 2% Ahead Of US Storage Data
Tuesday, September 29, 2015 Oil settles up almost 2% as some traders expect US crude inventories to have dropped in the latest week even as others bet on a stockpile build.
Jeb Bush Energy Plan Emphasizes US Jobs, Lower Prices
Tuesday, September 29, 2015 Republican US presidential candidate Jeb Bush will lay out energy policy proposals that seek to spur job growth and take aim at President Obama's plan to limit carbon emissions from power plants.
Sefton Responds to Shareholders, Appoints Interim CEO
Tuesday, September 29, 2015 Sefton Resources responds to shareholder pressure and confirms the appointment of Clement Chambers as the company's interim CEO, effective October 2015.
Halliburton, Baker Hughes Plan More Divestitures for Deal Approval
Monday, September 28, 2015 Halliburton and Baker Hughes will sell additional businesses in connection with Halliburton's pending acquisition of its smaller rival.
Oil Down Nearly 3% On Wall Street, China; Cushing Draw Limits Loss
Monday, September 28, 2015 Oil prices fall nearly 3%, pressured by tumbling equities on Wall Street and weak Chinese economic data.
Shell Ceases Alaska Exploration Activity
Monday, September 28, 2015 Shell will cease exploration activity offshore Alaska after failing to make a commercial find at the Burger J well, located in Alaska's Chukchi Sea.
Hedge Funds Primed for Oil Rebound With Increase in Bullish Bets
Monday, September 28, 2015 The momentum behind wagers on rising oil prices picked up steam as US drilling slows and producers face potential credit line cuts.
Energy Transfer To Buy Williams For $33B After Long Quest
Monday, September 28, 2015 Williams agreed to be acquired by Energy Transfer Equity LP, three months after it rebuffed Energy Transfer's $53.1 billion offer.
Oil Up After Wall Street Rally, Drop In US Rigs
Friday, September 25, 2015 Oil prices rise for the second straight day, supported by a rally on Wall Street and a lower US rig count.
Velociraptor Rig Combines Speed, Capability of Coil Rigs and Jointed Pipe
Friday, September 25, 2015 Raptor Rig sees opportunities beyond the current downturn for its new land drilling rig technology.
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