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US Oil Explorers Park Rigs as Crude Below $20 Seen
Friday, February 12, 2016 Explorers idled more drilling rigs in US oilfields this week as record supplies begin to make crude prices in the teens a real possibility.
Oil Rockets From 12-Year Low On Renewed Talk Of OPEC Cut
Friday, February 12, 2016 Global oil prices surge as much as 12% after a report once again suggested OPEC might finally agree to cut production to reduce the world glut.
Cenergy CEO Still Eyes Growth Despite Industry Downturn
Friday, February 12, 2016 June Ressler shares her journey as CEO of Cenergy International, including the obstacles and successes she has experienced along the way.
Paragon Offshore To File For Pre-Packaged Bankruptcy
Friday, February 12, 2016 Paragon Offshore says it will file for Chapter 11 bankruptcy, becoming the first US energy-related company to seek court protection from creditors this year.
Baker Hughes: US Oil Drillers Cut Rigs To Least In 6 Years
Friday, February 12, 2016 US energy firms this week cut oil rigs for an eighth week in a row to the lowest levels since January 2010, data shows.
It'll Take More Than An Oil Rally To Restart Shale Boom
Thursday, February 11, 2016 Explorers in US oil fields stung by the quick rise and fall in the market last year are expected to move cautiously when crude prices begin to climb again.
IPAA: Industry Must Be Willing To Ask Politicians Tough Questions
Thursday, February 11, 2016 Federal regulatory challenges to producers will remain even after the Obama Administration moves out of the White House, industry group tells NAPE 2016 audience.
Blackstone Aims New Fund At Troubled Offshore Drilling Market
Thursday, February 11, 2016 Blackstone Group launches a fund to finance the troubled offshore drilling and services sector, the US private equity firm says.
Dual Treatment Regimen Shows Promise for Stripper Well Production
Thursday, February 11, 2016 An increase in stripper well production could make these wells more profitable in a time of low oil prices.
Meet the Texas Railroad Commission's New Executive Director: Kim Corley
Thursday, February 11, 2016 Less than two weeks in the new position, Texas Railroad Commission's Executive Director Kim Corley shares her excitement with working with commissioners and continuing the agency's mission.
US Oil Hits 12-Year Low On Stockpile Surge, Risk Aversion
Thursday, February 11, 2016 US crude slid, hitting 12-year lows as domestic stockpiles grew, Goldman Sachs called for depressed prices until the second half of the year and investors fled.
Digital Shadows Offers New Defense to Oil, Gas Cyberthreats
Wednesday, February 10, 2016 A UK-based company offers a new approach to cybersecurity monitoring for oil and gas and other industries.
Devon Says Hires Jefferies To Sell Non-Core Assets To Cut Debt
Wednesday, February 10, 2016 Devon Energy has hired the US investment bank Jefferies Group LLC to market assets across four major shale basins to raise cash and slash debt.
Persistent Global Supply Overhang Bears Down on Oil Prices
Wednesday, February 10, 2016 Oil prices had a short-lived rally following a surprise draw in US crude inventories.
Pink Petro Launches HERWorld, a Global Energy Forum
Wednesday, February 10, 2016 Pink Petro lines up experts to examine issues including the price of oil, harnessing technology, shaping policy, managing talent development and the gender gap during the downturn.
New Generation of Microchips to Reduce Production Costs
Wednesday, February 10, 2016 Researchers at Rice University develop new generation of microchips that can allow producers to reduce production costs.
SBM Offshore Says US Authorities Re-Open Corruption Probe
Wednesday, February 10, 2016 SBM Offshore says that US authorities had re-opened an inquiry into bribery allegations involving the Dutch company.
Brent Oil Falls Most in 5 Months on Glut as Volatility Surges
Tuesday, February 09, 2016 Crude tumbles the most in five months in London as price volatility climbed to a seven-year high and Goldman Sachs warns of wider swings.
As Big Oil Shrinks, Boards Plot Different Paths Out Of Crisis
Tuesday, February 09, 2016 As oil and gas companies cut deeper, boards adopt contrasting strategies to lead them out of the crisis.
C&J Energy Services Plans to Lay Off 78 Workers
Tuesday, February 09, 2016 C&J Energy Services plans to lay off dozens of employees at its Pleasanton facility.
Chesapeake's Half-Billion Dollar Tab Spurs Credit Line Concerns
Tuesday, February 09, 2016 Chesapeake Energy's ability to pay off a half-billion dollars in debt next month hinges on its cash and credit line.
Halliburton May Sell Baker Hughes' Offshore Fluids Unit
Tuesday, February 09, 2016 More than a year after announcing its takeover of rival Baker Hughes, Halliburton adds more assets to those it will sell.
Anadarko Slashes Quarterly Dividend
Tuesday, February 09, 2016 Oil and gas company Anadarko Petroleum says it slashed its quarterly dividend to 5 cents per share.
Oil Drillers Exposed in Three-Way Hedges as Crude Dips Below $30
Tuesday, February 09, 2016 Oil at $30 a barrel is blowing a hole in the insurance that US shale drillers bought to protect themselves against a crash.
Goldman Sees More Oil Swings That Could Drag Price Below $20
Tuesday, February 09, 2016 Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs says.
Oil Traders Rush For Options To Protect Against Crude Gyrations
Tuesday, February 09, 2016 Oil traders scramble against price swings, send key index to its highest level since the worst of the global economic crisis in 2008.
Obama's $319 Billion Oil Tax Plan Raised to $10.25 a Barrel
Tuesday, February 09, 2016 President Barack Obama proposes budget to raise $319 billion during the next decade for transportation, other needs with a $10.25-per-barrel tax on crude.
Oil Down On US Build Worry; Saudi-Venezuela Talks Uninspiring
Monday, February 08, 2016 Global oil markets fall 3% to settle down for a third straight day on worries that US crude stockpiles had reached new record highs.
Chesapeake Falls by Most Since '93 Amid Cash Drought Concern
Monday, February 08, 2016 Chesapeake Energy says it has no plans to seek bankruptcy protection, dismissing a report that wiped out half the US natural gas driller's value.
As Big Oil Shrinks, Boards Plot Different Paths Out Of Crisis
Monday, February 08, 2016 As oil and gas companies cut ever deeper into the bone to weather their worst downturn in decades, boards adopt contrasting strategies to lead them out of the crisis.
Why Oil, Gas is Still a Great Industry to Be In
Monday, February 08, 2016 Despite current market difficulties, there are really good reasons why workers should stay in oil and gas.
Diamond Offshore Profit Beats On Lower Costs; Div Scrapped
Monday, February 08, 2016 Diamond Offshore Drilling wings into a quarterly loss at it writes down the value of nine drilling units by nearly half-a-billion dollars.
Transocean-Murphy Deepwater Rig Cancellation Highlights Deepwater Cutbacks
Monday, February 08, 2016 Deepwater contracts drying up as Murphy, other E&Ps, opt out of expensive offshore drilling.
API: Obama Catering to Activists with Oil Tax Proposal
Monday, February 08, 2016 Oil and gas trade association criticizes recent White House proposal, says new tax on oil would be a "head in the sand" movement.
Fairway Energy Finds 1 Million Barrels of Crude Storage in Houston
Friday, February 05, 2016 Early construction of Fairway Energy's underground crude storage caverns in south Houston yields unexpected capacity.
Hess Falls 11% on Stock Sales to Raise $1.43 Billion
Friday, February 05, 2016 Hess Corp, the New York-based oil and gas producer, says it will raise $1.43 billion from sales of stock and deposit shares after reporting its first annual loss since 2002.
Moody's: Oil, Gas Loans Not Likely to Choke Big US Banks
Friday, February 05, 2016 Losses from souring oil and gas loans at the largest US banks are probably manageable, even if fuel prices remain low, according to Moody's Investors Service.
Oil Falls in Volatile Trade Ahead Of Key Oil Producer Meeting
Friday, February 05, 2016 Oil prices end the week lower in choppy trading, snapping two weeks of gains, as speculation about possible deal between top oil producers clash with concerns about a growing supply glut.
Obama Says US Should Take Advantage of Cheap Fuel With Oil Tax
Friday, February 05, 2016 President Obama defends his proposal for a $10-per-barrel tax on oil, says low gasoline prices provide an opportunity to finance transportation improvements.
Kemp: Obama's Budget Will Not Lead To $10 Oil Tax
Friday, February 05, 2016 President Obama's proposed $10 per barrel oil tax, designed to address transportation issues, has no chance of becoming law says market analyst.
Battle of Three Oil Benchmarks Upending Crude Flows Across Globe
Friday, February 05, 2016 The oil tanker Tofteviken setting sail from the UK this month carrying the first shipment of North Sea Ekofisk crude to the US Gulf Coast in five years.
Baker Hughes: US Oil Drillers Deepen Cuts In 7th Week of Declines
Friday, February 05, 2016 US energy firms cut oil rigs for a seventh week in a row to the lowest levels since March 2010, data shows.
Stronger. Safer. Together.
Thursday, February 04, 2016 It's during the hard times in life when you discover who will work with you as a team. You find out who is willing to do what’s necessary to be successful.
Investors, Analysts Pan ConocoPhillip's Decision to Slash Payout
Thursday, February 04, 2016 Investors punish ConocoPhillips after slashing its payout for the first time in 25 years due to low oil prices and an uncertain outlook.
ConocoPhillips Cuts Dividend, Lowers Budget as Low Crude Weighs
Thursday, February 04, 2016 ConocoPhillips lowers its capital budget for 2016 as the fall on crude oil prices takes its tool on the US's largest independent oil and gas company.
ConocoPhillips Cannibalizes Dividend as Occidental Holds Firm
Thursday, February 04, 2016 ConocoPhillips joins the ranks of oil explorers curtailing dividend payouts after suffering its steepest quarterly loss in almost a decade.
US House Republicans Vow to Kill Obama Oil Tax Idea
Thursday, February 04, 2016 Congressional Republicans promise to kill what they called an "absurd" idea by President Obama to levy $10-per-barrel oil tax.
Senate Blocks Energy Bill in Dispute Over Flint's Water
Thursday, February 04, 2016 Democrats block a bipartisan energy bill in the US Senate based on disagreements on aid for the lead-poisoned water system of Flint, Michigan.
Occidental Suffers Biggest Loss in 25 Years on Oil's Slump
Thursday, February 04, 2016 Occidental Petroleum posts its deepest quarterly loss in at least 25 years as plummeting crude prices destroy oil field value.
Crude Falls as Global Oil Supply Glut Outweighs Dollar Weakness
Thursday, February 04, 2016 Oil retreats as highest US crude supplies in more than 80 years outweigh the weakening US dollar.
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