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Baker Hughes-GE Talks Come After Difficult Time For Both Companies
Friday, October 28, 2016 Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil's two-year price rout, may have a clear path out of the doldrums: join forces.
Chevron Profit Drops On Weak Oil Price, But Beats Forecasts
Friday, October 28, 2016 Chevron reports a drop in quarterly profit that still beat expectations.
ExxonMobil's 3Q Earnings Down 38% from a Year Ago
Friday, October 28, 2016 ExxonMobil earned $2.7 billion in the third quarter, down 38% from last year due in part to low commodity prices.
New BOP Targets Prevention of Future Deepwater Horizon Incidents
Friday, October 28, 2016 BOP Technologies officials say their BOP design offers a "radical departure" from traditional BOP design.
Oil Ends Week Down On Uncertainty Over OPEC Cuts
Friday, October 28, 2016 Oil prices settles below $50 to mark their biggest weekly loss in six weeks.
Upstream Oil, Gas Needs a Mindset Change
Friday, October 28, 2016 The upstream oil and gas industry will have to change its mindset to cope with the current oil and gas environment.
WoodMac: Pioneer Natural Resources Best Positioned for 2017 Growth
Friday, October 28, 2016 Wood Mackenzie analysis finds that more than a dozen of the largest US independents need oil prices at $55 per barrel to grow by 5% in 2017.
BLOG: Laid Off Energy Workers May Find Opportunities in the Classroom
Thursday, October 27, 2016 A Houston and Gulf Coast initiative offers an alternative for oil and gas professionals struggling to find work in the downturn.
Marathon Petroleum Profit Misses; Strategic Moves Planned
Thursday, October 27, 2016 Marathon Petroleum reports a much smaller-than-expected quarterly profit on lower pricing and says it will place some assets into MPLX Inc.
Shale Drilling Technology to Head Overseas in Next Market Upturn
Thursday, October 27, 2016 NOV Chairman, President and CEO Clay Williams expects the next upturn to see drilling technology that enabled the US shale boom to be adopted overseas.
Oil Ends Up, OPEC Cut Commitments Assuage Lingering Doubts
Thursday, October 27, 2016 Oil settled higher, as commitments from Gulf OPEC members to cut production assuaged some lingering doubts in the market about cooperation from other producers.
ConocoPhillips Reports $1B 3Q Loss
Thursday, October 27, 2016 The world's largest independent oil producer reports a $1 billion loss for the third quarter, slightly better than one year ago.
GTI, BHP Billiton Partner on Permian Fracturing Test
Wednesday, October 26, 2016 GTI and BHP Billiton will partner to test hydraulic fracturing technology in the Delaware Basin in Reeves County, Texas.
Oil Producer Hess Reports Smaller-Than-Expected Loss
Wednesday, October 26, 2016 Hess reports a smaller-than-expected quarterly loss.
Despite Positive EIA Data, Oil Falls on OPEC Cut Concerns
Wednesday, October 26, 2016 Ahead of Wednesday morning's inventory data release from the Energy Information Agency (EIA), crude prices hit a three-week low.
Machine Learning, Cloud Computing Aid Permian Asset Management
Wednesday, October 26, 2016 A new software is helping a producer better manage its Permian Basin well information.
Former US Senator: Renewables Are Not Oil, Gas Enemy
Wednesday, October 26, 2016 Retired North Dakota Democrat Sen. Byron Dorgan tells Columbia Energy Exchange that US policy needs room for fossil fuels and renewable energy sources.
Top Exec Behind Dakota Access Has Donated More Than $100,000 To Trump
Wednesday, October 26, 2016 The top executive at the company behind the embattled Dakota Access Pipeline has donated more than $100,000 to presidential candidate Donald Trump since June.
BLOG: Challenging Attitudes toward Sexuality in Oil, Gas
Tuesday, October 25, 2016 BP executive says support for lesbian, gay, bisexual and transgender workers will help shake longtime prejudices about the oil industry.
Baker Hughes Posts Smaller-Than-Expected Loss As Costs Fall
Tuesday, October 25, 2016 Baker Hughes reports a smaller-than-expected quarterly loss on strict cost control.
Texas Wildcatter Eyes IPO After Previous Company Exits Bankruptcy
Tuesday, October 25, 2016 Energy Hunter Resources plans to hold an initial public offering in November.
Oil Down; US Crude Settles Below $50 On Stockpile Concerns
Tuesday, October 25, 2016 Oil prices fall more than 1%, with US crude settling below $50 per barrel for the first time in a week.
Outlook: Exploring the New Breed of Oil, Gas CEOs
Tuesday, October 25, 2016 Rigzone explores what future leadership in the oil and gas industry will be once the industry enters a full recovery.
Hundreds in Los Angeles Protest Climate Change, North Dakota Pipeline
Monday, October 24, 2016 Hollywood stars among protesters attending climate rally in MacArthur Park, Los Angeles, while 80 protesters arrested near pipeline construction site in North Dakota.
Oil Dips On Buzzard Restart, Iraq; US Crude Tests Below $50
Monday, October 24, 2016 Oil prices dip, with US crude briefly falling below $50 per barrel.
Kemp: US Oil And Gas Producers Stir From Hibernation
Monday, October 24, 2016 US oil and gas drillers are reporting the biggest and most sustained upturn since oil prices began slumping in the middle of 2014.
Oil Industry Workers Split Between Trump And Clinton
Monday, October 24, 2016 US oil and gas industry workers have contributed only slightly more money to the campaign of Clinton than to Trump since the two clinched their parties' nominations for the White House.
GE Cuts Year Revenue Target On Oil, Gas Weakness, Has 3Q Profit Beat
Friday, October 21, 2016 GE beats analyst profit forecasts in the third quarter, but revenue growth remained sluggish, prompting the company to scale back expectations for full-year revenue and profit.
BLOG: Oil, Gas Company Lends Support to Driver Safety Initiative
Friday, October 21, 2016 A new program aims to reduce the number of injuries and deaths on Permian Basin roadways to zero.
Oil Up On Russia-OPEC Hopes; US Rig Count Jump Limits Gains
Friday, October 21, 2016 Oil settles up on hopes Russia and OPEC will reach agreement on market support initiatives to keep crude above $50 a barrel.
Schlumberger Sees Early Signs Of Recovery In Most Markets
Friday, October 21, 2016 Schlumberger says there were early signs of recovery in industry activity in most parts of the world, as oil prices stabilize after a two-year slump.
Chesapeake Energy Declares 'Propageddon' With Record Frack
Friday, October 21, 2016 The era of the monster frack has arrived in North America, and Chesapeake is singing its praises.
Baker Hughes: US Drillers Extend Rig Recovery With Oil Over $50/Bbl
Friday, October 21, 2016 The number of rigs drilling for oil in the United States this week rose by the most in two months.
Houston's Oil Industry Eyes Recovery, Job Creation
Friday, October 21, 2016 Though market fundamentals aren't ideal, Houston's oil and gas environment is at an inflection point as it inches toward $60 oil.
Gains From Higher Rig Count Limited For Halliburton, Schlumberger
Thursday, October 20, 2016 An increase in rigs being put back to work in US shale fields is largely being driven by smaller oil companies.
Oil Down 2%, Strong Dollar Knocks US Crude Off 15-Month Highs
Thursday, October 20, 2016 Oil prices settles down more than 2%, as a resurgent dollar encouraged players to take profit on the previous day's rally.
Schlumberger Sees Improved Activity In N. America In 2017
Thursday, October 20, 2016 Schlumberger reports a better-than-expected quarterly profit and said it expected improved activity in onshore North American, Middle Eastern and Russian markets next year.
World Bank Boosts 2017 Crude Oil Forecast To $55 Per Barrel
Thursday, October 20, 2016 The World Bank raises its crude oil price forecast for 2017 to $55 a barrel from $53.
Energy IPO Pace Picks Up
Thursday, October 20, 2016 With renewed apparent stability in commodity prices and investor appetite gaining strength, energy companies are looking toward the stock market for investment funds.
Exxon CEO Doesn't See Supply Shortage Pushing Up Oil Prices
Wednesday, October 19, 2016 ExxonMobil says ample production from US shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage.
Halliburton Posts Surprise Profit As Expenses Fall
Wednesday, October 19, 2016 Halliburton posts a surprise quarterly profit, helped by higher cost cuts, and says it expected a rise in oil prices to boost rig counts.
Shale Drillers Are Going Long - Not Deep - in the Oil Patch
Wednesday, October 19, 2016 Explorers are drilling longer and longer wells, running thousands of feet sideways to tap as much of the crude-bearing rock as possible.
Surprise Crude Draw Lifts US Prices to 15-Month High
Wednesday, October 19, 2016 Oil prices traded to some of the highest levels seen in over a year.
DUCs Could Boost US Production by 250K Barrels Per Day
Wednesday, October 19, 2016 Steady oil and gas prices may spur operators into completing wells left idle during the downturn.
No Near-Term Recovery For Offshore Rig Market
Wednesday, October 19, 2016 The offshore rig market is currently in its worst slump since the mid-1980s, according to the October 2016 issue of RigOutlook.
Oil Ends Up Ahead Of Preliminary US Inventory Report
Tuesday, October 18, 2016 Oil settles higher as expectations of OPEC output curbs lifted prices despite forecasts that data would show a second straight weekly build in US crude stockpiles.
SM Energy To Buy Permian Basin Acreage For $1.6 Billion
Tuesday, October 18, 2016 SM Energy says it will buy 35,700 net acres in West Texas's Howard and Martin counties for about $1.6 billion.
New BLM Regulations to Add Red Tape for Oil, Gas Operations
Monday, October 17, 2016 A recent update to BLM regulations could add significant cost burdens for oil and gas production on US federal and Indian lands, industry groups say.
Oil Ends Lower On US Trade Spike; Shale Decline Limits Losses
Monday, October 17, 2016 Oil prices settle down, weighed by oversupply concerns, with a spike in trade volume driving US prices below $50.
Newfield CEO Sees Cautious Approach on Big Oklahoma Oil Find
Monday, October 17, 2016 Producers need more exploration time and a higher oil price before they can begin accelerating drilling in the Scoop and Stack oil formation, Lee Boothby says.
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