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Geoscience Company to Reduce Workforce by 25%
Wednesday, September 02, 2015 ION Geophysical will cut an additional quarter of its global workforce due to the low-oil cost environment.

Kemp: Oil Market Takes A Walk On The Wild Side (Again)
Wednesday, September 02, 2015 Crude oil prices have been on a rollercoaster over the last four trading sessions that has seen some of the highest volatility in a quarter of a century.

Anadarko Going Further in Deepwater with Digital Oilfield Technology
Wednesday, September 02, 2015 An Anadarko engineer discusses the company's strategy for using digital oilfield technology to enhance its deepwater Gulf of Mexico operations.

Oil Turns Higher As Wall Street Rally Offsets Inventory Rise
Wednesday, September 02, 2015 Oil prices end nearly 2% higher in volatile trade as rallying equities on Wall Street pull crude up from lows.

Kinetic Mesh Provider Rajant Inks Global Agreement with BT
Wednesday, September 02, 2015 Rajant and BT sign a global agreement that will push Rajant's technology into new global markets.

  


Presidential Hopeful Rubio Wants To Lift 'Outdated' Oil Export Ban
Wednesday, September 02, 2015 Republican presidential candidate Marco Rubio would lift the ban on exporting crude oil soon after taking office if he is elected, the Florida senator will say in a speech previewing his energy strategy.

Big Data Growth Continues in Seismic Surveys
Wednesday, September 02, 2015 The amount of data gathered in oil and gas marine and land surveys continues to grow, according to an official with CGG.

Walking Oil Rigs Spur Cheaper, Quicker Drilling in Supply Glut
Tuesday, September 01, 2015 More efficient drilling rigs that cost a third less than just a year earlier are changing the face of the US shale industry, helping boost per-rig output in the 4 largest fields by at least 40%.

Oil Tumbles 8% As Weak China Data Revives Growth Fears
Tuesday, September 01, 2015 Oil prices tumbled 8% in volatile trading that sent Brent futures back below $50 a barrel.

OPEC May Recognize 'Lower For Longer' Pushes Their Prices, Too
Tuesday, September 01, 2015 Refusing to meet over-supply with a cut in their market share last year, Saudi Arabia fueled low oil prices. Now, the kingdom and its OPEC members are saying they want a fair playing field.

XTO Energy Well in North Dakota Suffers Blowout, Leaks 550 Barrels
Monday, August 31, 2015 A North Dakota oil well owned by Exxon Mobil subsidiary XTO Energy blows out, leaking more than 550 barrels (23,100 gallons) of crude, some of which left the wellpad and seeped into surrounding grasses.

API Calls Ozone Rule Review Rushed, Potentially Costly
Monday, August 31, 2015 API says that the Obama administrationís truncated review of EPAís proposed ozone standards could be costly, calling for Obama to let the existing standard work.

Hedge Funds Boost Bullish Oil Bets and Gain From Late-Week Rally
Monday, August 31, 2015 Hedge funds couldnít time increase in bullish oil positions better, just before improving prospects for U.S. growth sent crude on its biggest two-day rally in six years.

Oil Caps Biggest Three-Day Gain Since 1990 as OPEC Ready to Talk
Monday, August 31, 2015 Oil caps the biggest three-day gain in 25 years after OPEC says itís ready to talk to other global producers to achieve Ďfair pricesí and the U.S. government reduced its crude output estimates.

EIA: New U.S. Oil Data Shows Lower 2015 Production
Monday, August 31, 2015 The U.S. oil industry pumped less crude than initially estimated this year, according to new government data that offers the clearest look yet at the impact of drillers' retrenchment in response to collapsing prices.

Rattled by Pure Sentiment in August, Markets Return Focus to Fundamentals
Friday, August 28, 2015 Following stock market chaos in August that brought oil prices down to 6-year lows, oil traders focus again on the persistent global oil oversupply situation.

More Oilfield Services M&A Likely On The Way
Friday, August 28, 2015 Lower-for-longer volatility coupled with the recent pairing of mega energy companies Schlumberger and Cameron suggest oilfield services may be running out of time for wishful thinking.

Environmental Groups to Sue EPA Over Waste Disposal Rules
Friday, August 28, 2015 Several environmental groups plan to sue the EPA, claiming the agency has failed in its duty to review and update regulations associated with oil and gas waste.

Icahn Takes Stake in Rout-Beleaguered Freeport-McMoRan
Friday, August 28, 2015 The billions in cutbacks that Freeport-McMoRan has taken in its battle against plunging commodity prices may not be enough for one of its newest shareholders, billionaire activist investor Carl Icahn.

Halliburton Believers Stand to Win Big Betting on Deal: Real M&A
Friday, August 28, 2015 Traders willing to bet the biggest oil- services deal can survive regulatory scrutiny stand to rake in more than $3 billion in profit.

US Crude Jumps 6% In Second Day Of Short-Covering Frenzy
Friday, August 28, 2015 US crude rose 6%, notching its first weekly gain in two months, after a rally in gasoline.

Baker Hughes: US Oil Drillers Add Rigs For The Sixth Week In A Row
Friday, August 28, 2015 US energy firms added one oil rig this week, the sixth consecutive week of increases even as US oil prices flirt with 6-1/2-year lows.

For OPEC, This Year's Painful Oil Slump Will Bring Gains in 2016
Friday, August 28, 2015 While OPEC's fight to snatch market share from rival oil producers might look like a costly failure as prices languish below $50 a barrel, an entirely different picture could emerge next year.

Global Energy Deals Now Surpass Dawn of Oil 'Supermajors' Era
Thursday, August 27, 2015 If there was any question over whether this year's oil crash would give rise to a new era of energy megadeals, there isn't anymore.

Molopo Energy Appoints New Non-Executive Director
Thursday, August 27, 2015 Molopo Energy Limited announces the appointment of a new non-executive director to its board.

Oil Soars Over 10%, Biggest Gain in Six Years as Shorts Scramble
Thursday, August 27, 2015 Oil rockets up more than 10%, posts its biggest one-day rally in more than 6 years.

White House Says Keystone XL Pipeline Review Continues
Thursday, August 27, 2015 The White House says that the US State Department continues to review TransCanada's proposed Keystone XL pipeline from Canada's oil sands to Gulf Coast refineries.

Blame Oil Glut on Investors Who Still Love Drilling Over Profits
Wednesday, August 26, 2015 Investors sent a surprising message to US shale producers as crude fell almost 20% in August: keep calm and drill on.

BP, Emerson Extend Automation Services Agreement
Wednesday, August 26, 2015 BP and Emerson Process Management ink agreement through which Emerson will provide BP with an expanded scope of automation technologies and expertise.

Third Houston Energy CFO in Less than One Week to Resign
Wednesday, August 26, 2015 Cobalt names new chief financial officer after former CFO resigns.

NOV's Williams: Energy Industry Will Barrel On
Wednesday, August 26, 2015 National Oilwell Varco's CEO, Clay Williams, tells Rigzone that after enduring six downturns in his career, he's learned there's always an upside.

Oil Dips As Gasoline Build Offsets Big US Crude Draw
Wednesday, August 26, 2015 Oil prices fall almost 2% after a huge drawdown in US crude stockpiles was offset by a larger-than-expected build in gasoline and distillates.

Oilfield Giant Schlumberger Buying Houston-based Cameron for $14.8B
Wednesday, August 26, 2015 Schlumberger reaches an agreement to acquire Cameron for a total transaction value of $14.8 billion. Cameron stock skyrockets 41% after transaction announcement.

Transocean Suspends Quarterly Dividends For 2015
Tuesday, August 25, 2015 Fighting challenges to battered offshore drilling environment, Transocean halts quarterly dividends for the next two quarters.

Encana to Sell Haynesville Nat Gas Assets for $850M
Tuesday, August 25, 2015 Encana reaches an agreement to sell its Haynesville natural gas assets, located in northern Louisiana.

Linn Energy Names New CFO
Tuesday, August 25, 2015 Linn Energy names a new chief financial officer to replace Kolja Rockov, who stepped down to pursue other opportunities.

NOV CEO: Leadership Optimism Is Key During a Downturn
Tuesday, August 25, 2015 NOV CEO Clay Williams talks with Rigzone about the work of leading an international company during a challenging marketplace and changing times.

Musings: Are We Entering The Capitulation Phase of Industry Cycle?
Tuesday, August 25, 2015 Oil price action during the past two weeks may be signaling that we are entering the "capitulation phase" of the oil industry cycle.

Oil Recovers But Still Ends Near 6-1/2-Year Lows
Tuesday, August 25, 2015 Oil rose as much as 3% as oversold conditions brought some buyers back to the market.

GE Cutting 262 More Lufkin Oil Unit Jobs in Texas
Monday, August 24, 2015 General Electric says it was cutting 262 more jobs at its Lufkin oil unit in Texas and closing a foundry as it grapples with the plunge in global oil prices.

Bullish Oil Bets Sink to 5-Year Low as Futures Flirt With $40
Monday, August 24, 2015 It's pretty lonely being an oil bull these days.

Oil Tumbles Up To 6% To New Lows As China Fears Intensify Rout
Monday, August 24, 2015 Oil's weeks-long slump accelerates sharply with prices tumbling as much as 6% to fresh 6-1/2-year lows.

Analysts: New Price Downfall Not Sustainable
Monday, August 24, 2015 With oil price decline lingering, analysts reevaluate forecasts for rig count and service companies.

Congress Likely to Repeal Oil Export Ban in 2016, Evercore Says
Friday, August 21, 2015 Legislation to repeal a 40-year ban on most domestic oil exports will probably become law in the first quarter of next year, according to analysts at Evercore ISI.

Oil Poised for Longest Weekly Losing Streak Since 1986 Amid Glut
Friday, August 21, 2015 Oil heads for the longest run of weekly declines in almost three decades on signs the supply glut that drove prices to a six-year low will be prolonged.

In Downturn, Frackers Turn to Toilet Water in Drought-Prone Texas
Friday, August 21, 2015 Pioneer Natural Resources finds an unusual way to both save water and cut costs for its wells in west Texas.

IoT Technology Aims to Optimize Production Chemical Optimization
Friday, August 21, 2015 Production chemicals remain a major cost for operators, particularly in a time of low oil prices.

Oil Ends Down More Than 2% as US Drilling Points to Glut
Friday, August 21, 2015 U.S. oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2% lower.

Oil Dives Below $40 Per Barrel After Rise in US Oil Rigs
Friday, August 21, 2015 US crude oil prices dive below $40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.

US September crude ends higher, Brent slumps
Thursday, August 20, 2015 Expiring US crude prices settled higher after slumping to fresh 6-1/2-year low; supply glut and concerns about China's economy pressure Brent crude.

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