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Bankruptcy and More Layoffs Could Threaten Industry Even After Downturn
Wednesday, July 01, 2015 Experts consider the long-term toil that bankruptcy and the inevitable layoffs take on the oil and gas industry.
Kemp: Oil Prices Settle Into New Equilibrium
Wednesday, July 01, 2015 Benchmark crude oil prices have barely moved for more than two months, implying the market has found a temporary equilibrium after the enormous price shock in the second half of 2014 and early 2015.
Top Social Media Dos and Don'ts When Looking for a Job
Wednesday, July 01, 2015 Rigzone shares best practices for job candidates on maintaining their social media channels while seeking employment.
WTI-Brent Spread Hits 3-Wk High After Surprise US Oil Stock Build
Wednesday, July 01, 2015 US crude oil futures' discount to Brent, one of the biggest plays in oil, widened to more than $5 a barrel for the first time in 3 weeks.
US Appeals Court: Ex-BP Engineer Deserves New Gulf Spill Trial
Tuesday, June 30, 2015 A former BP engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled.
Lessons from ATP Bankruptcy There for Those Who Listen
Tuesday, June 30, 2015 Oil and gas transactions lawyers share ways to remain solvent during tough economic times.
Oil Bounces Off 3-Week Lows As Greek Debt Default Looms
Tuesday, June 30, 2015 Oil prices end higher as it rebounds from 3-week lows with US refined fuel trading leading the rally on bets for strong summer demand.
US Issues Potential Setback To Shell's Arctic Drilling Plan
Tuesday, June 30, 2015 The Obama administration issues a potential setback to Shell's Arctic oil exploration plan.
Oil Hits 3-Week Lows As Greek Crisis Worsens; Eyes On Iran
Monday, June 29, 2015 Crude futures hit 3-week lows as Greece shut its banks and imposes capital controls, causing widespread risk aversion.
On The Brink: Upstream Companies Increasingly Vulnerable To Collapse
Monday, June 29, 2015 Extended period of downturn in oil prices stretches energy finances to the point only the strongest may survive.
New York Formalizes Ban On Fracking, Ending 7-Year Review
Monday, June 29, 2015 New York formalizes its ban on high-volume hydraulic fracturing for natural gas after a 7-year environmental and health review.
BP, Anadarko Rejected by Top US Court on Gulf Spill Fines
Monday, June 29, 2015 The US Supreme Court rejected appeals from BP and Anadarko and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill.
Baker Hughes: US Weekly Oil Rig Count Decline Slows
Friday, June 26, 2015 Energy firms report the smallest drop in 5 weeks, a sign the collapse in drilling is coming to an end as crude prices recover after falling 60% from last June to March.
Oil Near Flat, Brent Up Modestly After Two-Day Drop
Friday, June 26, 2015 Crude futures ended little changed after signs Greece might have a deal by the weekend to avoid a debt default.
Survey: Oil Prices Expected to Go Lower for Longer
Friday, June 26, 2015 Oil's new normal may be $60 per barrel, but investors are concerned prices could go lower for a longer period of time than previously expected.
CEA: Action Needed Now on Atlantic Seismic Surveys
Friday, June 26, 2015 The federal government is currently in the midst of a highly-impactful process to determine which areas it will make available for offshore oil and gas leasing between 2017 and 2022.
Crude Down Again On Oil Products Weakness; Greece, Iran eyed
Thursday, June 25, 2015 Crude oil falls for a second straight day, weighed by weaker US refined fuels markets and potential negative impact from Greece's debt crisis on European energy demand.
Congress May Expand MLPs to Include Alternative Fuels
Thursday, June 25, 2015 Bipartisan group of lawmakers making another push to open tax-advantaged master limited partnerships to alternative and renewable fuels.
Rigzone 2Q Survey Reveals Oil, Gas Companies Reluctant to Hire
Thursday, June 25, 2015 Rigzone's 2Q global hiring survey reveals oil and gas companies' reluctance to increase hiring efforts in the near term.
In Bet On Oil Prices, WPX Plans To Add Bakken Rigs
Thursday, June 25, 2015 WPX Energy, a small oil producer in the No. 2 US crude state, says it will add two rigs this year.
Oil Slides After Big US Gasoline Build Offsets Crude Draw
Wednesday, June 24, 2015 Crude oil futures settle down more than 1% after a government report showing an eighth straight weekly drop in US crude stockpiles was offset by a large build in refined products.
ExxonMobil VP Shares Industry Career Perspectives
Wednesday, June 24, 2015 Margaret Mattix of ExxonMobil stresses the importance of being open and identifying behavioral strengths when navigating a career path.
A Guide to Organizational Planning during a Downturn
Wednesday, June 24, 2015 The industry downturn serves as an opportune time for oil and gas companies to focus on their organizational planning.
Center for Offshore Safety Recognized for SEMS Audits
Tuesday, June 23, 2015 BSEE recognizes the Houston-based Center for Offshore Safety as the first and currently only official accreditation body for audit service providers.
Crude Up About 2% As US Oil Products Jump; Eyes On Iran
Tuesday, June 23, 2015 Crude futures rally around 2%, latching onto a rebound in oil products ahead of US inventory data expected to show strong demand for gasoline.
Frontier Fracking Showdown Pits Feds Against Western Boom States
Tuesday, June 23, 2015 Four western states are headed for a courtroom showdown over who should have the last word on rules for extracting oil and natural gas from federal property within their borders.
New Federal Fracking Rules Delayed by US Judge in Wyoming
Tuesday, June 23, 2015 New US fracking safety rules set to take effect were put on hold by a Wyoming federal judge who said he needed more evidence to decide.
North Dakota's Oil Rig Count Appears To Have Hit Bottom
Tuesday, June 23, 2015 The drilling rig count in North Dakota's oil patch, a closely watched metric through which many attempt to divine future crude production, appears to have hit a bottom.
Sound Savings & Investment Advice for Offshore Oil, Gas Workers
Monday, June 22, 2015 Financial expert Rashonner Lillie offers saving and investment advice to offshore oil and gas workers.
Energy XXI Reaches Agreement with BOEM on Supplemental Bonding
Monday, June 22, 2015 Energy XXI has reached an agreement with BOEM regarding supplemental bonding requirements for Energy XXI and its subsidiaries.
Oil Up As US Crude Contract Expires; Eyes On Gasoline, Greece
Monday, June 22, 2015 Oil reverses losses to end slightly higher as short-covering ahead of the expiry of the front-month contract in US crude lifted a burdened market.
Williams' Stock Soars after Rejecting Energy Transfer's $53.1B Offer
Monday, June 22, 2015 Pipeline conglomerate Williams sees share price climb 24% following the board's decision to reject a $53.1B stock-for-stock offer from Energy Transfer.
Oil Down 2% On Greek Worries, Weaker Products Markets
Friday, June 19, 2015 Crude oil falls about 2%, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.
Greater Collaboration behind Investment in GE's Mebane, N.C. Plant
Friday, June 19, 2015 GE enhances North Carolina facility to enhance customer collaboration and accelerate product development and manufacturing of large industrial products.
Low Oil Prices Drive another E&P Company into Bankruptcy
Friday, June 19, 2015 Low oil prices claim Houston-based producer Saratoga Resources for Chapter 11 bankruptcy.
North Dakota Governor Sees OPEC Ceding Global Swing Status
Friday, June 19, 2015 OPEC's decision this month to maintain existing oil output will fail to push rival producers out of the market, North Dakota Governor Jack Dalrymple says.
Swift: More than 150,000 Jobs Lost in Oil, Gas
Friday, June 19, 2015 Swift Worldwide Resources reports that the number of oil and gas jobs lost globally exceeds 150,000.
U.S. Oil & Gas Director Retires
Friday, June 19, 2015 U.S. Oil & Gas announces that Paul O'Callaghan has retired as a director of the company, effective immediately.
Baker Hughes: US Oil Rigs Decline, But Up In Permian, Bakken
Friday, June 19, 2015 US oil drillers this week added one rig each in the Permian and Bakken shale basins, data shows.
Upstream M&A Deal Values Continue To Slip
Thursday, June 18, 2015 GlobalData figures show mergers and acquisitions activity is still reined in by low oil prices and depressed market.
Hercules to Restructure as It Seeks to Weather Market Downcycle
Thursday, June 18, 2015 Hercules Offshore wins support from majority of noteholders for its bankruptcy plan to reduce debt and boost liquidity.
Oil Up Third Day On Dollar Slump, US Crude Draw Data
Thursday, June 18, 2015 Oil prices settle up for a third straight day, boosted by a slipping dollar.
Cowen & Co: Small, Mid-Cap E&P Companies to See $16B Funding Gap in 2016
Wednesday, June 17, 2015 Cowen & Co analysts say that small to mid-cap exploration and production firms in the US will see a gap of $16 billion between spending estimates and projected cash flows for 2016.
Denton Repeals Voter-Approved Fracking Ban
Wednesday, June 17, 2015 Denton City Council decides to strategically repeal voters' ban on hydraulic fracturing.
Brent Edges Up, US Crude Off Low As Fed Weakens Dollar
Wednesday, June 17, 2015 Brent crude edges up and US crude eases in volatile trading as both contracts trim losses after the Federal Reserve left the outlook for interest rate increases uncertain.
Could Crowdfunding Become New Way to Finance Oil, Gas Activity?
Wednesday, June 17, 2015 Rigzone looks into whether crowdfunding could play a major role in financing oil and gas projects.
Mid-Year Survey Projects Much Improved E&P Spending Outlook in 2016
Wednesday, June 17, 2015 Rising global oil prices could spur E&P spending growth by the global oil and gas industry in 2016, according to a recent mid-year survey.
Kemp: North Dakota's Oil Production Has Peaked
Tuesday, June 16, 2015 North Dakota's crude oil output peaks, according to the latest data published by the US state's government.
Shell Acquires Land for Proposed Appalachia Ethane Cracker
Tuesday, June 16, 2015 Shell Chemical Appalachia has closed on its acquisition of a site in Monaca, where it may build a world-scale plant to process the natural gas liquid ethane into the petrochemical building block ethylene.
Kansas MLP, Tallgrass Energy Stand Out with Dropdown Opportunities
Tuesday, June 16, 2015 Tallgrass Energy's hefty asset backlog and its fee-based structure that can withstand a volatile market attract investment banks.
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