Results50 articles shown
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 isnít 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 percent, posts its biggest one-day rally in more than six 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Goodrich Petroleum CFO Resigns
Thursday, August 20, 2015 Goodrich Petroleum's chief financial officer resigns to take a position with a private company.
Commodities Rout Erases $2T From Stock Values
Thursday, August 20, 2015 Commodity producers lose almost as much value in the past year as Indiaís entire economy, according to Bloomberg data.
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.
US September Crude Ends Higher At Expiration, Brent Slumps
Thursday, August 20, 2015 Expiring US crude prices settle higher after slumping to fresh 6-1/2-year low; supply glut and concerns about China's economy pressure Brent crude.
A Wealth of Advice: Retirement Tips for Oil, Gas Workers
Thursday, August 20, 2015 Merrill Lynch financial expert Pat Wenzel offers retirement advice for oil and gas workers.
Analyst: Oil Prices Will Remain Lower for Longer
Thursday, August 20, 2015 Oil prices will remain lower for longer as market fundamentals cast a bearish outlook on the market, according to a Rigzone data team analyst.
US September Crude Up Eyeing Hurricane As Expirations Near
Thursday, August 20, 2015 US crude prices extend gains and Brent briefly turns higher as first hurricane of the 2015 Atlantic season sparks contract expiration concerns.
Supply Chain Management Still Key During Downturn
Wednesday, August 19, 2015 A recent survey finds oil and gas firms may be putting themselves at risk by not having effective supply chain management practices in place.
Employee Layoffs in Oilfield Services Companies: Panacea or Poison?
Wednesday, August 19, 2015 According to recent news reports, nearly 50,000 energy jobs have been lost in the past three months on top of the 100,000 employees laid off since oil prices started to decrease in the fall of 2014.
EPA Rule to Have Limited Production, Cost Impact
Wednesday, August 19, 2015 The EPA's proposed rule to cut methane emissions from oil and gas operations will have limited impact on US production and cost, analysts say.
Summer NAPE Driving Oil, Gas Deal Pace
Wednesday, August 19, 2015 Upstream Houston conference works to raise industry hopes and momentum.
US Crude Down 4% To Hit 6-1/2-Year Low On Surprise Stock Build
Wednesday, August 19, 2015 US crude oil slumps over 4 percent on Wednesday, hitting a 6-1/2-year low and almost breaking below $40 per barrel.
Accenture Plans to Acquire Schlumberger's Consulting Unit
Tuesday, August 18, 2015 Accenture plans on buying the consulting arm of Schlumberger for an undisclosed amount.
Groups Say Proposed EPA Rules to Add Costly Burden to Oil, Gas Industry
Tuesday, August 18, 2015 A proposed EPA rule to regulate methane emissions from oil and gas operations will add a "costly burden" to the oil and gas industry, say industry groups.
Oil Rises On US Data; Bets For Stockpile Drop
Tuesday, August 18, 2015 Oil rallied, with US crude settling up nearly 2%, after bullish economic data and bets for lower crude stockpiles in the US.
Clinton Parts With Obama Administration On Arctic Drilling
Tuesday, August 18, 2015 US Democratic presidential candidate Hillary Clinton staked out her opposition to Arctic oil exploration, putting her at odds with the Obama administration one day after it approved drilling off Alaska.
Kemp: What Might Prompt A Short-Covering Rally In US Oil Price?
Monday, August 17, 2015 Hedge funds remained unusually bearish on US oil prices last week even as the cost of WTI tumbled towards the lowest level since 2009.
Fed's Involvement May Limit Banks during Fall Review of Energy Loans
Monday, August 17, 2015 Federal regulators renewed interest in how banks value the assets of their oil and gas investments may reduce banks' flexibility to meet client needs.
Oil Down 1%; US Crude Near 6-1/2 Year Low On Japan, China
Monday, August 17, 2015 Oil falls about 1%, with US crude settling within range of a new 6-1/2-year low.
OPEC May Boost Oil Output to Record With Iran Back Amid Glut
Monday, August 17, 2015 OPEC could potentially boost crude oil production to 33 million barrels a day, the most ever, after international sanctions are removed against Iran.
US Gives Shell Final Nod To Drill For Oil In Arctic
Monday, August 17, 2015 The Obama administration grants Shell the final permit to drill for oil and gas in the Arctic.
Industry Groups, Senator Applaud Approval of US-Mexico Oil Exchanges
Friday, August 14, 2015 Energy industry groups and US Senator Lisa Murkowsi applaud the US Commerce Department's plan to approve crude exchanges between the US and Mexico.
Optimistic Oil Experts Still See Rally as Crude Hits New Lows
Friday, August 14, 2015 Oil analysts are, if nothing else, optimists. They're still mostly sunny, looking for a 60% rally by late next year.
After The Fall: Industry Reset Has $100B Borrowing Base at Stake
Friday, August 14, 2015 The energy industry's bi-annual borrowing season faces low commodity prices, a wide bid-ask spread, mounting debt and new federal regulation.
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