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Regional News: United States

 
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Oil Jumps On Weaker Dollar; Traders Wary Of Stock Build
Tuesday, January 27, 2015 Oil prices jump as much 3% as a weaker dollar props up commodities priced in the currency.

Kemp: Factors That Will Drive US Oil Production In 2015
Tuesday, January 27, 2015 Rig counts are a highly imperfect guide to future oil production but they are one of the few readily available statistics on oilfield activity so it is unwise to dismiss their importance entirely.

Obama Floats Offering First-Ever Drilling Lease In Atlantic
Tuesday, January 27, 2015 The Obama administration floats a plan that for the first time would open up a broad swath of the Atlantic Coast to drilling, even as it moved to restrict drilling off Alaska.

Champlain Group Acquires Kane Kompany
Monday, January 26, 2015 CG completes the strategic acquisition of The Kane Kompany, Inc.

Oil Slides Despite OPEC Talk Of A Floor
Monday, January 26, 2015 Oil fall in see-saw trade, with US crude ending at its lowest in nearly 6 years, as traders discount comments from OPEC's top official about the market finally finding a bottom.

  



Kemp: North Dakota Oil Rigs Drop Points To US Output Decline After May
Monday, January 26, 2015 The decline in oil drilling in the US should ensure that US production peaks by April or May.

US Supreme Court Rejects BP Executive's Appeal
Monday, January 26, 2015 The US Supreme Court declines to hear an appeal by a former BP executive.

Wood Mac: US Onshore Well Count to Fall by 26% in 2015
Friday, January 23, 2015 Oil prices under $50/barrel will results in a decline in North American well counts and rig day rates as operators scale back 2015 spending plans.

BSEE to Investigate Damage to Unmanned Platform off Louisiana Coast
Friday, January 23, 2015 BSEE is sending investigators to investigate a damaged platform off the coast of Port Fourchon, Louisiana.

Brent Closes Up, US Crude Down After Saudi King Dies
Friday, January 23, 2015 Brent crude was buoyed by market uncertainty over the future of Saudi oil output, while US crude fell on more signs of oversupply.

Oil, Gas Salary Adjustments Amid Oil Price Decline
Friday, January 23, 2015 The downturn in crude oil prices is disproportionately affecting companies in the energy industry, prompting a variety of budget revisions that could affect workers' salaries.

SubseaIQ Hotspot Review: 2014 Notable Discoveries, Startups
Friday, January 23, 2015 With everyone focused on companies cutting budgets and announcing layoffs, SubseaIQ takes a break to look at some discoveries and production startups in 2014.

Apache Hires Former BP Executive Riney As CFO
Thursday, January 22, 2015 Apache names Stephen Riney, a former executive with BP, as its chief financial officer.

Oil Settles Lower After Large US Inventory Build
Thursday, January 22, 2015 Crude oil prices settle lower after a government report shows the biggest build in US crude inventory in at least 14 years.

Oil Up On Traders' Hope Investment Cuts Limit Supply
Wednesday, January 21, 2015 Global oil prices snap a 2-day decline and increase around 2% on hopes prices will recover as energy companies cut production investment.

ABS Grants Approval-in-Principle for HHI's Next-Generation Drillship Design
Wednesday, January 21, 2015 ABS grants approval-in-principle for Hyundai Heavy Industries' next-generation HD12000 heavy duty, wide beam drillship design.

Kemp: Oil Producers' Under-Appreciated Role in US Economy
Wednesday, January 21, 2015 The states at the heart of the American shale oil revolution all grew faster than the US national average over the last decade, underscoring the importance of oil production to the US economy.

Oil Falls Again As IMF Cuts Forecast; Iran Hints At $25 Oil
Tuesday, January 20, 2015 Oil fell as much as 5% after the International Monetary Fund cut its 2015 global economic forecast and Iran hinted prices could drop to $25 a barrel.

Apache CEO Steve Farris Retires
Tuesday, January 20, 2015 Apache announces the retirement of Chief Executive Steve Farris and names John Christmann, chief operating officer of North America, as his replacement.

Halliburton, Baker Hughes To Lay Off Thousands As Oil Slumps
Tuesday, January 20, 2015 Baker Hughes and Halliburton plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices.

BP Asks For Lower Fine In Penalty Phase Of Gulf Spill Trial
Tuesday, January 20, 2015 BP tries to whittle away at $13.7B in potential fines under the Clean Water Act as the penalty phase starts in its trial over the 2010 Gulf of Mexico oil spill.

BHP Billiton Slashes Shale Drilling Amid Oil Crash
Tuesday, January 20, 2015 BHP Billiton says it would cut its shale drilling spend over the next six months as it looks to meet its promise not to cut dividends in the face of a collapse in iron ore, copper and oil prices.

Small Oil Firms Hunt For Cash As Crude Slump Shuts IPO Door
Tuesday, January 20, 2015 Slumping oil prices are shutting the door to stock market listings for small oil and gas firms, forcing many to tap more costly forms of financing or to shelve projects and wait for better times.

BHP Tipped To Cut US Shale Spend To Shore Up Dividend Promise
Monday, January 19, 2015 BHP Billiton may be forced to slash its planned $4 billion spending this year on US shale wells and book writedowns on its shale assets as it battles plunging prices.

Oil Slips $1 On China Economy Worries, Record Iraq Output
Monday, January 19, 2015 Brent crude oil prices fall below $49 a barrel and US crude also falls more than $1.

Mexico's Pemex Says Savings Will Total $1.45B By 2018
Monday, January 19, 2015 Pemex, grappling to stem an output slide amid crashing prices, says it expects to save more than $1.45 billion by consolidating the procurement process by 2018.

Amid US Oil Price Crash, Cost Cutting Ripples Through Industry
Friday, January 16, 2015 Any lingering doubt about the depth of the crisis facing the US energy industry is quickly evaporating.

PetroChallenge Competition: Oil, Gas Industry, Academia to Hold Competition
Friday, January 16, 2015 The oil and gas industry is collaborating with Houston-area academia in an energy-based competition for high students pursuing careers in the industry.

Oil Closes Up For First Week In Eight After Supportive Reports
Friday, January 16, 2015 US crude oil prices staunched seven weeks of losses rising 33 cents on the week as it rallied just before settlement.

Wood Mackenzie: Operators Could See up to 40% in Cost Reductions
Friday, January 16, 2015 Wood Mackenzie lists 15 things to watch for in North America's upstream sector in 2015.

Oil Settles Down Despite Promising Mid-Day Rally
Thursday, January 15, 2015 Oil prices decline as an erratic dollar and expectations of weakening demand dashes hopes that a strong rally Wednesday might have signaled a bottom to the 7-month price rout.

API's Gerard to President Obama: Follow Facts and Science, Not Politics
Thursday, January 15, 2015 API's Jack Gerard discusses the state of the energy industry, and the upcoming State of the Union address.

OPEC Sees 2015 Supply Surplus Rising, Even As Oil Slump Slows Shale Boom
Thursday, January 15, 2015 The collapse in oil prices is starting to slow growth in US output, OPEC says, although the slowdown will not prevent an increasing global surplus in 2015.

Low Oil Prices Prompts Apache, Schlumberger to Lay Off Workers
Thursday, January 15, 2015 The slowdown in oil and gas activity resulting from lower oil prices prompts Apache and Schlumberger to lay off workers.

Oil, Gas Managers Scale Back Hiring Plans in 2015
Wednesday, January 14, 2015 A recent Rigzone survey paints a picture of ambiguity for oil and gas professionals in the year ahead, a steep change from survey results just six months prior.

Fed: Oil Price Drops Bring Pain To Texas, North Dakota
Wednesday, January 14, 2015 A plunge in energy prices is hitting America's oil and gas producers, leading some firms to lay off workers while others struggle to get loans, the Federal Reserve says.

Kemp: California Oil Drillers Hit Hard By Tumbling Prices
Wednesday, January 14, 2015 California's oil industry is being hit harder than any other state by falling prices because of the comparatively poor quality of its crude and its aging fields.

White House To Curb Methane Emissions From Oil, Gas Production
Wednesday, January 14, 2015 President Obama's administration unveils rules to slash methane emissions from oil and gas production by up to 45% from 2012 levels by 2025.

Rich Dividends Of Drillers Seen At Risk In Oil Slide
Wednesday, January 14, 2015 The steep decline in crude oil prices may put a halt to dividend payouts that regularly yield 10% or more from offshore drilling contractors including Transocean, analysts and investors say.

Northcote Doubles Shoats Creek Stake with NAP USA Acquisition
Wednesday, January 14, 2015 US onshore-focused junior Northcote Energy agrees to buy NAP USA, increasing its interest in the Shoats Creek and Zink Ranch fields.

Oil Surges 5% On Options Expiry; Bounce Seen Fleeting
Wednesday, January 14, 2015 World oil prices see their biggest surge in two-and-a-half years, rebounding from a nearly six-year low.

Halliburton Cuts Jobs in Houston Amid Slumping Crude Oil
Tuesday, January 13, 2015 Halliburton is cutting an unknown number of workers in the Houston area in response to low oil prices.

Kemp: Breakeven And Shut-In Prices For Oil Wells
Tuesday, January 13, 2015 Any discussion about the outlook for production needs to start with an understanding of the life cycle of an oilfield and the distinction between breakeven and shut-in prices, analyst John Kemp says.

Oil Near 6-Year Low; Brent Trades At Par To US Crude
Tuesday, January 13, 2015 Oil tumbles 5% to near 6-year lows before recovering ground, and Brent briefly trades at par to US crude for the first time in 3 months.

Suncor Cuts Capital Spending, Employees As Oil Prices Plunge
Tuesday, January 13, 2015 Suncor Energy says it will cut about 1,000 employees and contractors and slash capital spending in response to the recent plunge in crude oil prices.

EIA: US 2016 Oil Output Growth Seen Slowest In 5 Years
Tuesday, January 13, 2015 The US government says it expects domestic oil output in 2016 to grow just 2.2%, the slowest pace in years, as the relentless rout in prices puts the brakes on the country's 5-year shale boom.

Houston Retailer Offers Furniture Buyers A $7,000 Oil Price Bet
Monday, January 12, 2015 An enterprising furniture retailer in Houston comes up with a unique way of letting people bet on future oil prices in the world's energy capital.

Oil Dives Anew, Falling 5% On Goldman Downgrade, Outages
Monday, January 12, 2015 Oil fell 5% to its lowest in nearly six years, extending the second-deepest rout on record, after Goldman Sachs warned that prices would fall further.

North Dakota Rig Count Drops Sharply As Oil Price Tumbles
Monday, January 12, 2015 The number of drilling rigs operating in North Dakota's oil fields fell to 159, the lowest level since November 2010, according to state data.

US Senate Takes Up Keystone XL Bill As Showdown With Obama Looms
Monday, January 12, 2015 The Senate will start debate on a bill to approve the Keystone XL oil pipeline as Republicans try to line up enough votes to overcome a potential veto by President Barack Obama.

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