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Polls: Most Oil, Gas Pros Believe they Can Enjoy Long Career
Friday, April 29, 2016 In a series of Twitter polls, Rigzone finds that oil and gas professionals are hopeful they can enjoy a career in oil and gas despite many having considered leaving the industry recently.

ConocoPhillips Tables Asset Sales As Rout Worsens Buyer's Market
Friday, April 29, 2016 ConocoPhillips is pulling some of its assets off the market as a prolonged industry downturn makes it harder to get the desired prices.

GE Focuses on Digital Technology amid Downturn
Friday, April 29, 2016 GE Oil & Gas continues technology investment through downturn, with a focus on digital technology for offshore operations.

Five Things to Do at OTC 2016
Friday, April 29, 2016 From planning your next career move to planning your next vacation, OTC's not your typical conference.

ExxonMobil Profit Beats Expectations On Big Cost Cuts
Friday, April 29, 2016 ExxonMobil reports a higher-than-expected 1Q profit as it slashes costs to offset plunging crude prices and weak refining margins.

  


UPDATE: Western Pennsylvania Natgas Pipeline Explodes, Injuring One
Friday, April 29, 2016 A natural gas pipeline outside Pittsburgh exploded on Friday, setting off a fire that destroyed a home, injuring one person inside it and forcing the evacuation of nearby residents, state and local officials said.

Oil Ends Steady Near $50; Best Monthly Gain in Brent in 7 years
Friday, April 29, 2016 Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years.

COLUMN: Technology is the Key to a Sustainable Oil, Gas Industry
Friday, April 29, 2016 Rigzone Editor-in-Chief Jon Mainwaring mulls the wisdom of Norway's energy leaders ahead of this year's Offshore Technology Conference in Houston.

EY Survey: Work Still Needed in Oil, Gas Workforce's Gender Diversity
Friday, April 29, 2016 Though progress has been made in the oil and gas industry's gender diversity issue, a recent EY survey reveals opportunities for improvement.

OTC 2016: Want to Drink Like A Local? Rigzone Sets The Bar(s)
Friday, April 29, 2016 To help our out-of-town OTC friends navigate Houston's lively night life, Rigzone's bar-hoppers put their heads together to compile a list just for you.

OTC 2016: Get To Know Houston Like An Insider
Friday, April 29, 2016 With thousands of visitors descending on Houston for the Offshore Technology Conference, Rigzone offers up a listing of some activities that show off the city's other assets.

BSEE Tests Technology for Oil Spill Exercise in Arctic
Thursday, April 28, 2016 BSEE tests technology to locate oil spills as it participates for first time in oil spill exercise run by US Navy.

Kemp: Rising Oil Prices Throw Lifeline to Shale Producers
Thursday, April 28, 2016 Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil slump started.

Oil, Gas Companies Interested in Technology Offering Quick Return
Thursday, April 28, 2016 A telematics company is seeing early interest its tracking technology set to debut at the Offshore Technology Conference.

Study: Fracking Effects on Water Not Systematic
Thursday, April 28, 2016 A recent study finds that potentially hazardous effects of shale exploration and production on groundwater are not systematic.

Weir Sees 70% Of North American Fracking Fleet Idle
Thursday, April 28, 2016 Oil equipment maker Weir Group reports a 47% fall in 1Q oil and gas orders and estimates that 70% of North America's fracking fleet is currently idle as low crude prices slow investment in the sector.

Oil Jumps 2% Despite Glut, Hits 2016 Peaks On Weak Dollar
Thursday, April 28, 2016 Oil markets jump 2 percent, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high US crude inventories and relentless pumping by major producers.

Top Oil Service Firms Mull North America Retreat As Losses Mount
Thursday, April 28, 2016 Two of the three largest oil rig operators and frackers are considering pulling back from the North American market as losses mount.

Baker Hughes Expects US Rig Count To Stabilize Later In 2016
Wednesday, April 27, 2016 Baker Hughes expects US rig count to begin stabilizing in the second half of 2016, while the rig count globally will drop steadily through the end of the year due to fewer new projects.

Oil's Magic Number Becomes $50 a Barrel for Promise of Recovery
Wednesday, April 27, 2016 BP, Nabors Industries and Pioneer Natural Resources all say that prices above $50 will encourage more drilling or provide the needed boost to cash flow.

ExxonMobil Ups Dividend 3% Day After Ratings Downgrade
Wednesday, April 27, 2016 ExxonMobil raises its quarterly dividend by 3%, a day after Standard & Poor's downgraded the US oil and gas company citing its generous payouts to shareholders.

Q&A: Industry Must Be Proactive in Attracting Future Workforce
Wednesday, April 27, 2016 Deloitte's Anne Taylor addresses current and future workforce challenges in the oil and gas industry.

Noble Profit Plunges As Low Oil Prices Hit Rig Demand
Wednesday, April 27, 2016 Noble's quarterly profit plunged 41%, coming slightly below analysts' expectations, hurt by lower demand for rigs as oil prices hover around decade lows.

Oil Jumps To 2016 Highs As Dollar Drops On Fed Decision
Wednesday, April 27, 2016 Oil prices jump about 3%, hitting new highs for 2016 as the dollar weakens after the Federal Reserve announces it would leave US interest rates unchanged.

Otto Energy Updates on Drilling at SM-71 #1 Discovery in the Gulf of Mexico
Wednesday, April 27, 2016 Otto Energy updates on drilling operations at the SM-71 #1 oil discovery in South Marsh Island Block 71 in the Gulf of Mexico.

Crude Prices Jump 3% On Gasoline Rally, Weak Dollar
Tuesday, April 26, 2016 Crude oil prices rise about 3% on the back of a rally in the gasoline market.

Lessons, Best Practices for Interns Searching in Oil, Gas
Tuesday, April 26, 2016 Former interns give advice and share best practices for getting the most out of your oil and gas internships.

ExxonMobil Loses Top Credit Rating It Held Since Depression
Tuesday, April 26, 2016 Standard & Poor's strips ExxonMobil of its highest AAA measure of credit-worthiness, cutting it to AA+, the same as the US government.

Contract Driller Nabors Posts Quarterly Loss As Oil Tumbles
Monday, April 25, 2016 Nabors posts a quarterly loss, compared with a year-earlier profit, as oil producers used fewer rigs amid persistently low crude prices.

Oil Down; Morgan Stanley, Barclays Warn Of Bearish Forces
Monday, April 25, 2016 Oil prices fall more than 2% as data points to fresh US crude builds, while leading banks in commodities say the two-month long oil market rebound has defied fundamentals.

Pioneer Natural Posts Quarterly Loss, Keeps Budget Plans
Monday, April 25, 2016 Pioneer Natural Resources reports a smaller-than-expected quarterly loss as the company successfully slashes costs to offset a more than 30% drop in the price it received for its crude.

Swift Energy Emerges From Bankruptcy
Monday, April 25, 2016 Swift Energy says it emerged from Chapter 11 bankruptcy, less than four months after filing for creditor protection.

ExxonMobil Starts Production at North Slope Project
Friday, April 22, 2016 ExxonMobil says it has started production at its Point Thomson project, the first company-operated project on Alaska's North Slope.

Getting Energy M&A Done: Deal Terms Become As Dynamic As Markets
Friday, April 22, 2016 Companies look for creative ways to make M&A work in volatile price environment.

Halliburton Says It Cut 6,000 Jobs In 1Q, Delays Earnings Call
Friday, April 22, 2016 Halliburton says it cut more than 6,000 jobs in the 1Q, during which revenue slumped 40.4% and it took a $2.1B restructuring charge mainly for asset write-offs and severance costs.

US Oil Baron Harold Hamm Endorses Trump For President
Friday, April 22, 2016 Harold Hamm, chief executive of shale oil producer Continental Resources and Mitt Romney's 2012 energy adviser, endorses US presidential candidate Donald Trump.

National Oilwell Varco Lays Off Another 520 Staff In Norway
Friday, April 22, 2016 National Oilwell Varco will cut its Norwegian workforce by another 520 people after low oil prices resulted in fewer orders.

Oil Up, Marking Third Week Of Gains As Market Sentiment Improves
Friday, April 22, 2016 Oil prices rise foe the third straight week of gains as market sentiment turns more upbeat amid signs a persistent global supply glut may be easing.

Oil Megaprojects Dreamed Up A Decade Ago Thrive Amid Price Slump
Friday, April 22, 2016 Oil production in some of the riskiest, highest-cost regions of North America is still thriving, even as the worst slump in a generation takes a bite out of US shale.

Oil Majors' $100 Hangover Hurts Profit as Cost Cuts Fall Short
Friday, April 22, 2016 The world's biggest oil companies, set to report their worst quarterly earnings in more than a decade, are finding their cost-cutting efforts haven't matched the decline in crude prices over the past two years.

Baker Hughes: US Oil Drillers Cut Rigs For 5th Week To Nov 2009 Lows
Friday, April 22, 2016 US energy firms cut oil rigs for a fifth week in a row to the lowest level since November 2009, Baker Hughes says.

Oil Down 3%; Producers Hint Of More Output Add To Glut Worry
Thursday, April 21, 2016 Oil prices fall 3%, pausing after a two-day rally, after producers from Russia to Saudi Arabia and Iran to Libya hinted at more output amid growing US crude stockpiles.

Schlumberger Cuts 2,000 More Jobs in Full-Scale Industry Crisis
Thursday, April 21, 2016 Schlumberger cut another 2,000 jobs in the first quarter as the world's largest provider of oilfield services sees the industry in a full-scale crisis.

M&A Effectiveness: The People Side of Things
Thursday, April 21, 2016 With so many moving parts to an M&A deal, Rigzone takes a deeper look at the people component.

'Lower For Longer' Environment Keeps Dealmakers on Sidelines of US Oil, Gas
Wednesday, April 20, 2016 Mergers and acquisitions activity steadies from the end of 2015 into the current year, but the dollar value of those transactions was down year-over-year.

Byron Energy Finds Oil, Gas at South Marsh Island Block 71 in GOM
Wednesday, April 20, 2016 Byron Energy finds oil and gas at SM-71 #1 well at South Marsh Island Block 71 in the Gulf of Mexico.

Oil Up 4% On Small US Crude Build, Talk Of Another Producer Meeting
Wednesday, April 20, 2016 Oil prices rise 4% after a smaller-than-expected build in US crude inventories offset glut worries stirred by the end of a Kuwaiti strike.

EIA: US Crude Stockpiles Rise, Distillates Post Surprise Drawdown
Wednesday, April 20, 2016 US crude oil inventories rose slightly less than expected last week, while distillate stockpiles posted an unexpected and huge drawdown, data from the EIA shows.

Oil Gains On Kuwait Strike; Global Shares Highest Since December
Tuesday, April 19, 2016 Oil prices rise following a workers' strike in Kuwait, while a global stock index hit its highest level since early December as signs of economic stabilization in China lift demand for riskier assets.

Seventy Seven Energy To File For Bankruptcy Amid Oil Slump
Tuesday, April 19, 2016 Seventy Seven Energy says it intends to file for a prepackaged Chapter 11 bankruptcy on or before May 26, the latest energy company to seek bankruptcy protection amid a prolonged oil price slump.

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