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Regional News: United States

 
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North Dakota: Crude Production is Being Focused in Four Core Counties
Friday, January 30, 2015 Oil prices will have to fall to near $30/barrel before production in North Dakota ceases, according to new analysis by the North Dakota Department of Minerals House Appropriations Committee.

Oil Surges 8% As US Rig Count Plunges, Shorts Cover
Friday, January 30, 2015 Oil prices rocketed more than 8%, their biggest one-day gain in two and a half years.

Markets Brace For Big Oil Profit Plunge
Friday, January 30, 2015 Energy companies' profits are expected to have dropped 23%, a collapse of fortune nearly unheard of outside of a recession, and one that has weighed on the stock market.

Chevron Scraps 2015 Share Repurchase Program On Low Oil Prices
Friday, January 30, 2015 Chevron halts its 2015 share repurchase program, a move designed to conserve cash amid tumbling oil prices and its latest cost-cutting step after slashing capital spending.

BSEE: Gulf Well Supervisor Charged with False Statements to Inspectors
Friday, January 30, 2015 Gulf of Mexico well site supervisor is being charged with falsifying statements regarding blowout preventer components.

  



Congress Gets Busy On Oil, Gas Issues
Friday, January 30, 2015 Republicans are wasting no time in taking on some of the energy issues that have been waiting in Congress for years, Alex Mills says.

Q&A: Oil Price Slump Temporary amid Changing Supply Dynamics
Friday, January 30, 2015 Rice University analysts weigh-in on the reasons for the drop in crude oil prices, where prices could to end up, and how the US became a swing supplier of crude oil.

PumpWELL Offers New Approach to Enhancing Artificial Lift Production
Thursday, January 29, 2015 Calgary-based PumpWELL says it offers a breakthrough solution and approach to artificial lift technology.

Oil Rises On Short Covering But Supply Worries Loom
Thursday, January 29, 2015 Global oil prices firmed slightly, but not before U.S. crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high U.S. oil inventories.

Helmerich & Payne May Cut 2,000 Jobs As It Idles Rigs
Thursday, January 29, 2015 Helmerich & Payne says it may cut 2,000 jobs as it begins to idle rigs amid a slide in crude oil prices.

Conoco, Occidental And Shell Cut 2015 Budgets On Crude Slide
Thursday, January 29, 2015 ConocoPhillips and Occidental Petroleum slash exploration spending plans for this year, as the third- and fourth-largest US oil companies attempt to cope with a steep slide in crude prices.

Occidental Results Beat Expectations On Texas Production
Thursday, January 29, 2015 Occidental Petroleum reports better-than-expected quarterly results as its Texas shale assets boost total production even as crude oil prices slump.

Pennsylvania Governor Bans New Oil/Gas Leases On State Land
Thursday, January 29, 2015 Pennsylvania Governor Tom Wolf signs an executive order reinstating a moratorium on new leases for oil and natural gas development in state parks and forests.

Keystone XL Advances In US Senate, Faces Obama Veto
Thursday, January 29, 2015 The US Senate will likely pass a bill approving the long-pending Keystone XL oil pipeline, a measure the White House said President Barack Obama would veto.

Kemp: US Crude Oil Stocks Return To 1930s Crisis Levels
Thursday, January 29, 2015 US commercial crude oil stocks last week hit their highest level since 1931.

Weatherford Eliminates COO Role amid Oil Slump
Wednesday, January 28, 2015 Oil services firm Weatherford International says it will eliminate the position of chief operating officer as it copes with the 60-percent slide in global crude oil prices.

Oil Tumbles; US Crude Prices Near 6-Year Low On Record Stockpiles
Wednesday, January 28, 2015 Oil slumps, with US crude prices at near 6-year lows, after the government reported record-high inventories in the United States.

California County Declares Fiscal Emergency Due To Oil Price Plunge
Wednesday, January 28, 2015 Plunging oil prices lead California's Kern County to declare a fiscal emergency, a move that allows officials to tap into a reserve fund as tax revenue faces a big decline due to the lower oil prices.

Fracking Moratorium Voted Down in Colorado Town
Wednesday, January 28, 2015 The Erie, Colorado Board of Trustees votes down a moratorium on fracking, and will continue to work with drillers in the area to address noise and vibration concerns.

Hess Profit Misses Estimate As Oil Prices Slump
Wednesday, January 28, 2015 The weak results from Hess, one of the first major US oil companies to report quarterly earnings, could portend a wave of negative earnings reports across the industry.

Oil Jumps On Weaker Dollar; Traders Wary Of Stock Build
Tuesday, January 27, 2015 Oil prices jump as much 3% as a weaker dollar props up commodities priced in the currency.

Kemp: Factors That Will Drive US Oil Production In 2015
Tuesday, January 27, 2015 Rig counts are a highly imperfect guide to future oil production but they are one of the few readily available statistics on oilfield activity so it is unwise to dismiss their importance entirely.

Obama Floats Offering First-Ever Drilling Lease In Atlantic
Tuesday, January 27, 2015 The Obama administration floats a plan that for the first time would open up a broad swath of the Atlantic Coast to drilling, even as it moved to restrict drilling off Alaska.

Champlain Group Acquires Kane Kompany
Monday, January 26, 2015 CG completes the strategic acquisition of The Kane Kompany, Inc.

Oil Slides Despite OPEC Talk Of A Floor
Monday, January 26, 2015 Oil fall in see-saw trade, with US crude ending at its lowest in nearly 6 years, as traders discount comments from OPEC's top official about the market finally finding a bottom.

Kemp: North Dakota Oil Rigs Drop Points To US Output Decline After May
Monday, January 26, 2015 The decline in oil drilling in the US should ensure that US production peaks by April or May.

US Supreme Court Rejects BP Executive's Appeal
Monday, January 26, 2015 The US Supreme Court declines to hear an appeal by a former BP executive.

Wood Mac: US Onshore Well Count to Fall by 26% in 2015
Friday, January 23, 2015 Oil prices under $50/barrel will results in a decline in North American well counts and rig day rates as operators scale back 2015 spending plans.

BSEE to Investigate Damage to Unmanned Platform off Louisiana Coast
Friday, January 23, 2015 BSEE is sending investigators to investigate a damaged platform off the coast of Port Fourchon, Louisiana.

Brent Closes Up, US Crude Down After Saudi King Dies
Friday, January 23, 2015 Brent crude was buoyed by market uncertainty over the future of Saudi oil output, while US crude fell on more signs of oversupply.

Oil, Gas Salary Adjustments Amid Oil Price Decline
Friday, January 23, 2015 The downturn in crude oil prices is disproportionately affecting companies in the energy industry, prompting a variety of budget revisions that could affect workers' salaries.

SubseaIQ Hotspot Review: 2014 Notable Discoveries, Startups
Friday, January 23, 2015 With everyone focused on companies cutting budgets and announcing layoffs, SubseaIQ takes a break to look at some discoveries and production startups in 2014.

Apache Hires Former BP Executive Riney As CFO
Thursday, January 22, 2015 Apache names Stephen Riney, a former executive with BP, as its chief financial officer.

Oil Settles Lower After Large US Inventory Build
Thursday, January 22, 2015 Crude oil prices settle lower after a government report shows the biggest build in US crude inventory in at least 14 years.

Oil Up On Traders' Hope Investment Cuts Limit Supply
Wednesday, January 21, 2015 Global oil prices snap a 2-day decline and increase around 2% on hopes prices will recover as energy companies cut production investment.

ABS Grants Approval-in-Principle for HHI's Next-Generation Drillship Design
Wednesday, January 21, 2015 ABS grants approval-in-principle for Hyundai Heavy Industries' next-generation HD12000 heavy duty, wide beam drillship design.

Kemp: Oil Producers' Under-Appreciated Role in US Economy
Wednesday, January 21, 2015 The states at the heart of the American shale oil revolution all grew faster than the US national average over the last decade, underscoring the importance of oil production to the US economy.

Oil Falls Again As IMF Cuts Forecast; Iran Hints At $25 Oil
Tuesday, January 20, 2015 Oil fell as much as 5% after the International Monetary Fund cut its 2015 global economic forecast and Iran hinted prices could drop to $25 a barrel.

Apache CEO Steve Farris Retires
Tuesday, January 20, 2015 Apache announces the retirement of Chief Executive Steve Farris and names John Christmann, chief operating officer of North America, as his replacement.

Halliburton, Baker Hughes To Lay Off Thousands As Oil Slumps
Tuesday, January 20, 2015 Baker Hughes and Halliburton plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices.

BP Asks For Lower Fine In Penalty Phase Of Gulf Spill Trial
Tuesday, January 20, 2015 BP tries to whittle away at $13.7B in potential fines under the Clean Water Act as the penalty phase starts in its trial over the 2010 Gulf of Mexico oil spill.

BHP Billiton Slashes Shale Drilling Amid Oil Crash
Tuesday, January 20, 2015 BHP Billiton says it would cut its shale drilling spend over the next six months as it looks to meet its promise not to cut dividends in the face of a collapse in iron ore, copper and oil prices.

Small Oil Firms Hunt For Cash As Crude Slump Shuts IPO Door
Tuesday, January 20, 2015 Slumping oil prices are shutting the door to stock market listings for small oil and gas firms, forcing many to tap more costly forms of financing or to shelve projects and wait for better times.

Oil Slips $1 On China Economy Worries, Record Iraq Output
Monday, January 19, 2015 Brent crude oil prices fall below $49 a barrel and US crude also falls more than $1.

BHP Tipped To Cut US Shale Spend To Shore Up Dividend Promise
Monday, January 19, 2015 BHP Billiton may be forced to slash its planned $4 billion spending this year on US shale wells and book writedowns on its shale assets as it battles plunging prices.

Mexico's Pemex Says Savings Will Total $1.45B By 2018
Monday, January 19, 2015 Pemex, grappling to stem an output slide amid crashing prices, says it expects to save more than $1.45 billion by consolidating the procurement process by 2018.

Amid US Oil Price Crash, Cost Cutting Ripples Through Industry
Friday, January 16, 2015 Any lingering doubt about the depth of the crisis facing the US energy industry is quickly evaporating.

PetroChallenge Competition: Oil, Gas Industry, Academia to Hold Competition
Friday, January 16, 2015 The oil and gas industry is collaborating with Houston-area academia in an energy-based competition for high students pursuing careers in the industry.

Oil Closes Up For First Week In Eight After Supportive Reports
Friday, January 16, 2015 US crude oil prices staunched seven weeks of losses rising 33 cents on the week as it rallied just before settlement.

Wood Mackenzie: Operators Could See up to 40% in Cost Reductions
Friday, January 16, 2015 Wood Mackenzie lists 15 things to watch for in North America's upstream sector in 2015.

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