Regional News: United States
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Brent At 4-1/2 Month High; US Crude Up For Sixth Week
Friday, April 24, 2015 Oil prices diverge, with Brent hitting 4-1/2-month highs on continued fighting in Yemen.
Chesapeake Reaches $25M Michigan Settlement Over Leasing Charges
Friday, April 24, 2015 Chesapeake will create a $25 million compensation fund as part of a settlement of antitrust, fraud and racketeering charges brought by the state of Michigan.
Enterprise Products Wins Verdict against Energy Transfer Partners
Friday, April 24, 2015 A Houston district court jury finds Energy Transfer Partners breached its contract with competitor Enterprise Products Partners LP.
Cybersecurity A Growing Safety Issue for Oil, Gas Industrial Plants
Friday, April 24, 2015 Cybersecurity is increasingly being thought of as a safety issue for oil and gas industry industrial plants, Honeywell officials tell Rigzone.
Pink Petro's CEO Mehnert Bags Vanguard Award
Friday, April 24, 2015 Pink Petro CEO and Founder Katie Mehnert received the Vanguard Award in recognition of Mehnert's commitment to developing a pipeline of talent in STEM careers at the luncheon.
Baker Hughes: US Oil Rig Count Decline Quickened This Week
Friday, April 24, 2015 The fall in US rigs drilling for oil quickened a bit this week suggesting a recent slowdown in the drilling decline was temporary.
TransCanada Seeks US Permit On Upland Line As Keystone Waits
Friday, April 24, 2015 TransCanada is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada.
Kinder Morgan CEO: Effective Communication Still Needed in Industry
Thursday, April 23, 2015 Kinder Morgan's CEO Richard Kinder shares with IHS CERAWeek attendees that permits are slowing necessary pipeline projects and the energy industry needs to improve its communication efforts.
Oil Hits 2015 High On Yemen Worry; US Gasoline At Nov Peaks
Thursday, April 23, 2015 Crude oil prices settle up 3%, hitting 2015 highs, while US gasoline reaches 5-month peaks.
US Shale Fracklog Triples As Drillers Keep Oil From Market
Thursday, April 23, 2015 Drillers in oil and gas fields from Texas to Pennsylvania have yet to turn on the spigots at 4,731 wells they've drilled, keeping 322,000 barrels a day underground, a Bloomberg Intelligence analysis shows.
Musings: Oil Patch Unemployment Is Challenge For Industry's Future
Thursday, April 23, 2015 Oil patch layoffs continue to grow, and the shale oil states represent the epicenter. G. Allen Brooks takes a look at the latest oil industry unemployment statistics.
Oil Services Company Weatherford Raises Job Cuts Target to 10,000
Thursday, April 23, 2015 Oil services company Weatherford increases the total number of employees it is looking to lay off in 2015 to 10,000 as it copes with the fall in oil prices.
Brent Up On More Yemen Bombing; US Crude Dips After Stock Build
Wednesday, April 22, 2015 Oil prices diverged; Brent closed up on renewed fighting in Yemen while US crude fell after another weekly rise in inventories despite slower production.
Big Oil's Latest Fear: A Price Shock After $114 Billion of Cuts
Wednesday, April 22, 2015 As the oil patch grows accustomed to a new world of $50 to $60 crude, it's now looking ahead to a different but equally daunting sort of cliff.
M&A Likely to Heat Up in Second Half
Wednesday, April 22, 2015 Bankers and analysts during a panel at IHS CERAWeek opined on the relatively slow state of mergers and acquisitions; most expect it to pick up this fall.
IHS CERAWeek: Statoil Won't Add North American Drilling Rigs This Year
Wednesday, April 22, 2015 Statoil has no plans to add North American drilling rigs this year, an executive tells Reuters.
IHS CERAWeek: US Fracking Costs Falling Fast, May Keep Fields In Play
Wednesday, April 22, 2015 US oil and natural gas companies have pushed down costs of fracking a shale well faster than expected, and if the trend holds up it could allow producers to keep working in oilfields.
Tillerson: Feds, Industry Must Work Together in New World of Energy
Tuesday, April 21, 2015 ExxonMobil chief says regulators overburden the industry, but progress can be made in a way that meets world energy needs.
Baker Hughes Expects Falling Rig Count To Weigh On 2Q
Tuesday, April 21, 2015 Baker Hughes says it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services.
Contract Driller Nabors Posts 10.5% Fall In Revenue
Tuesday, April 21, 2015 Nabors' quarterly revenue falls 10.5%, hurt by slower drilling activity in North America, and the company says it cut its workforce by more than 18% since the end of 2014.
Oil Down As Saudis End Yemen Bombing; Traders Eye Crude Build
Tuesday, April 21, 2015 Oil prices fall after Saudi Arabia announces the end of its military campaign in Yemen.
IHS CERAWeek: Bucking Downturn, Pioneer Sees Adding Rigs Soon
Tuesday, April 21, 2015 Pioneer Natural Resources will start adding drilling rigs in June so long as market conditions are favorable, the company's CEO says.
Statoil CEO: Cost, Carbon Emissions 'Formidable Challenges' for Industry
Tuesday, April 21, 2015 The industry faces challenges in improving its competitiveness while managing the transition to a lower carbon future, Statoil President and CEO Eldar Saetre tells IHS CERAWeek attendees.
Oil Up On Drop In US Crude Stockpiles, Middle East Tensions
Monday, April 20, 2015 Oil prices end in positive territory after a drop in stockpiles at the delivery point for US crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia.
'Ducks' and Oil: No Need to Fear US Crude Supply Deluge
Monday, April 20, 2015 A tax break in North Dakota will not unleash a new wave of shale crude supply, producers say.
Encana Says to Explore Sale of Haynesville Gas Properties
Monday, April 20, 2015 Encana is seeking buyers for its natural gas properties in Louisiana as it focuses on drilling for oil and other liquids in Texas and Canada, according to sources.
Halliburton Warns Of Weakness In N. America, International Operations
Monday, April 20, 2015 Halliburton warns of headwinds in its international operations and pricing pressure for its oilfield services in North America.
IHS CERAWeek: Sustaining Innovation during Oil, Gas Downturn
Monday, April 20, 2015 Industry experts utilize the current downturn as a time to be bold and strategic in maintaining innovation.
IHS CERAWeek: Evoking Iran, US Senator Pushes For Oil Exports
Monday, April 20, 2015 Senator Lisa Murkowski says she will introduce legislation this year to allow US crude exports, saying the Obama admin. should not dare lift sanctions on Iran before scrapping the US crude export ban.
Shale as World's Swing Producer Signals 'Jagged' Future for Oil
Monday, April 20, 2015 With OPEC ceding control for the first time since the 1980s, US shale oil has been anointed the world's new "swing producer".
US Oil Rigs Slide For 19th Week As Record Retreat Drags On
Friday, April 17, 2015 Oil explorers idled rigs in US fields for the 19th straight week, prolonging an unprecedented retrenchment in drilling.
Tackling the Skills Shortage Challenge in the Oil, Gas Industry
Friday, April 17, 2015 Industry experts weigh in on the continuing challenge of finding skilled workers to hire in the oil and gas industry.
Oil Falls From 2015 Peaks, Brent Jumps 9.6% On The Week
Friday, April 17, 2015 Crude futures fell from 2015 peaks in choppy trading, but Brent's 9.6% weekly gain was its biggest in more than five years.
Bill to Standardize Drillings Setbacks Passes Texas House
Friday, April 17, 2015 Controversial bill to standardize rule-making for cities on oil and gas permits passes House without incident. Moves on to the Senate with some changes that will have to be addressed in committee.
Schlumberger Impresses With Cost Cuts, Resilient Margins
Friday, April 17, 2015 Schlumberger reports a smaller-than-expected fall in 1Q margins as it continues to execute tight cost controls to combat a decline in drilling activity.
US Proposes Higher Royalty Rates For Drilling Federal Land
Friday, April 17, 2015 The US government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department.
EIA Projects Continued Volatility In Oil Prices
Friday, April 17, 2015 Volatility in crude oil prices will continue reaching a projected high of $252 per barrel for Brent crude oil in 2040, according to a long-term forecast released by the EIA April 14.
Oil Turns Higher, Rallies To 2015 High On Yemen Conflict
Thursday, April 16, 2015 Crude oil prices jump to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen.
Schlumberger Will Cut 11,000 Additional Jobs
Thursday, April 16, 2015 Schlumberger plans to cut 11,000 more jobs, bringing the total job cuts to 20,000 since January.
Oil Surges After Lower Than Expected US Inventory Rise
Wednesday, April 15, 2015 Oil prices rally and US crude jumps nearly 6% to a 2015 peak after government data shows crude oil inventories in the US rose less than expected.
Kemp: US Shale Boom Nears Turning Point
Tuesday, April 14, 2015 Oil production from major US shale plays will decline by almost 60,000 barrels per day between April and May.
Industry Not Expected To Fight Live Offshore Viewing
Tuesday, April 14, 2015 Houston legal expert says real-time viewing, a regular feature of onshore operations, is among key changes proposed to make offshore drilling safer.
Oil Rises On US Production Dips, Middle East Tensions
Tuesday, April 14, 2015 Crude oil futures rise on signs of falling US oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen.
EIA: US Crude Oil Output To Soar Till 2020 Despite Price Rout
Tuesday, April 14, 2015 The US government forecasts domestic crude production will rise even more than expected a year ago.
Oil Edges Up As Iran Uncertainty, Yemen Turmoil Support
Monday, April 13, 2015 Crude futures rise, but close well below intraday peaks, as concerns about Iran and turmoil in Yemen support prices.
EIA: US Shale Oil Output To Fall In May, First Drop In 4 Years
Monday, April 13, 2015 Oil production from the fastest-growing US shale plays is set to fall some 45,000 barrels per day to 4.98 million bpd in May from April.
Obama Proposes New Rules For Offshore Oil Wells
Monday, April 13, 2015 The Obama administration proposes tighter rules for the offshore drilling equipment designed to be the last line of defense against oil-well blowouts.
Use of Big Data is Necessary to Recruit Millennials in Oil, Gas
Friday, April 10, 2015 HR Professional Kris Cooper reveals research detailing why Big Data is necessary to recruit millennials in the workforce.
Oil Rises And Posts Weekly Gain As Iran Tensions Support
Friday, April 10, 2015 Oil prices rose, posting a weekly gain on lift from lowered expectations that an agreement on Iran's nuclear program will result in a rapid return of more Iranian barrels to the market.
US Oil Rig Slide Picks Up Again After False Bottom
Friday, April 10, 2015 The fall in US rigs drilling for oil quickened this week, data shows, suggesting that a recent slowdown was temporary.
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