Regional News: United States
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Oil Futures Follow Broader Markets to One-Week High
Friday, May 17, 2013 Oil futures rise to a one-week high, as broader markets rally on positive US economic data.
Energy Department Approves Freeport Natural-Gas Export Permit
Friday, May 17, 2013 The Obama administration clears the way for broader natural gas exports by approving a $10B facility in Texas, a milestone in the US transition into a major supplier of energy for world markets.
For US LNG and LPG Exporters, Canal Expansion Adds Market Flexibility
Friday, May 17, 2013 Two companies instrumental in selling LNG and LPG produced in the U.S. view the Panama Canal expansion as a means of reaching more customers.
Apache Shareholders Don't Approve Executive Compensation
Thursday, May 16, 2013 Apache shareholders didn't approve the energy company's executive compensation plan for 2012 at its annual meeting, making their displeasure with the company's performance known.
Crude-Oil Futures Settle up 86 Cents at $95.16/Barrel
Thursday, May 16, 2013 Crude-oil futures prices settle higher, climbing on hopes for rising demand as the peak summer gasoline demand season approaches.
Hess, Elliott Management Reach Agreement to End Proxy Contest
Thursday, May 16, 2013 Hess settles a months-long proxy fight hours before a shareholder vote, agreeing to name three directors backed by dissident hedge fund Elliott Management Corp.
Revised Hydraulic Fracturing Rule Available for Comment Period
Thursday, May 16, 2013 The Department of Interior seeks comments on the updated rule that would govern hydraulic fracturing on US federal and Indian lands.
Moniz Unanimously Confirmed as Energy Secretary
Thursday, May 16, 2013 The US Senate confirmed Ernest Moniz, a nuclear physicist who has lauded the US natural gas boom, as the next US Energy Secretary.
Transocean Inks New Contracts, Extensions; Sees More Downtime
Thursday, May 16, 2013 Transocean reports downtime for its drilling fleet but inks several new contracts for its rigs.
Crude-Oil Futures Edge Higher After Inventory Report
Wednesday, May 15, 2013 Crude-oil futures end a turbulent session little changed, after a report shows an unexpected drop in US oil stockpiles but also points to sliding gasoline demand.
AmericaCNG to Roll Out Solution to Associated Gas Production
Wednesday, May 15, 2013 AmericaCNG will begin rolling out in September mobile plants that will allow producers to monetize their natural gas liquids and convert methane production to LNG or CNG.
Washington Must Find a Way to Say 'Yes' to Offshore Exploration
Wednesday, May 15, 2013 Policy makers in Washington should know that finding ways to expanded production on the OCS does not mean they are shirking their responsibilities to provide oversight.
ConocoPhillips CEO Says Production Will Start Rising by Year's End
Tuesday, May 14, 2013 ConocoPhillips CEO Ryan Lance tells shareholders that the company's long-awaited production growth rebound will begin by the end of this year.
Job Market Particularly Strong for Deepwater Pros
Tuesday, May 14, 2013 A recruiter tells Rigzone that an uptick in deepwater activity has contributed to a marked increase in demand for riser, drilling and completion engineers worldwide.
Crude Oil Futures Settle 1% Lower at $94.21/Barrel
Tuesday, May 14, 2013 US crude oil futures fall for a fourth straight Tuesday, shedding 1% to settle at a two-week low of $94.21 a barrel on worries over high inventory and sluggish demand.
Dejour Energy Reaches TD at Kokopelli Well
Monday, May 13, 2013 Dejour Energy reaches total depth of 8130 feet in the Federal 6-7-15-21, the fourth and final well in the current Kokopelli drill program.
OTC Exhibitors: Technologies Trending Toward Deeper Water But Also Land
Monday, May 13, 2013 Existing offshore innovations are increasingly being re-purposed for greater depths, mature wells and even land rigs, OTC exhibitors tell Rigzone.
Hess Offers to Add Elliott Picks After Hedge Fund Scraps Bonus Plan
Monday, May 13, 2013 Hess says it is prepared to add two of Elliott Management Corp.'s nominees to the energy company's board after the dissident hedge fund scrapped an unorthodox bonus plan.
Oil Futures Weighed by Demand Worries, OPEC Output
Monday, May 13, 2013 Oil futures settle lower for the third straight session, weighed by concerns over weakening demand in China and robust global production.
Global Shale Oil Impact to Vary By Country
Monday, May 13, 2013 Shale oil production could reduce global oil prices and boost the global economy, but its impact will vary by country, according to a PwC study.
Nymex Crude Falls as Dollar, Weak Fuel Demand Weigh
Friday, May 10, 2013 Crude-oil futures fall on a stronger US dollar and new indications of sluggish global fuel demand.
Investigation Underway Into Utah Drilling Site
Friday, May 10, 2013 An investigation is underway into an explosion of an oil tank at a Newfield Exploration Co. site in Uintah County, Utah.
Expro Celebrates 40-Year Anniversary at OTC
Friday, May 10, 2013 Expro is celebrating its 40th anniversary at this year's Offshore Technology Conference (OTC) in Houston by showcasing its investment in new technology and innovation.
Hess CEO to Step Down As Board Chairman
Friday, May 10, 2013 Hess says CEO John Hess will step down as board chairman, a move to address criticism of its board days before shareholders choose 5 new directors from rival slates.
Houston American Energy Updates Test Results from La. Well
Friday, May 10, 2013 Pennington successfully carries out a recompletion of the Crown Paper #1 well.
GE Oil & Gas Looks to Tap Up and Coming Engineers
Friday, May 10, 2013 The next wave of oil and gas engineers shared some of the spotlight at this year's OTC, when GE highlighted its latest student survey results during the GE Oil & Gas Young Engineer Panel.
Women's Energy Network Forms New South Texas Chapter
Friday, May 10, 2013 Women's Energy Network (WEN) is forming a new chapter focused on South Texas.
Apache 1Q Profit Falls 10% Amid Weak Commodity Prices
Thursday, May 09, 2013 Apache's first-quarter earnings fell 10% on lower commodity prices as the oil-and-gas explorer and producer also unveiled a plan to divest itself of $4B in assets by year's end.
BSEE, Coast Guard Enter Agreement to Improve Offshore Oversight
Thursday, May 09, 2013 BSEE Director James Watson and US Coast Guard Rear Admiral Joseph Servidio announce a new Memorandum of Agreement (MOA)to strengthen the working relationship between the two agencies.
OTC 2013 Sees Second-Highest Attendance in Show History
Thursday, May 09, 2013 Attendance at the 2013 OTC reached a 30-year high of 104,800, the second highest in show history and up 17 percent from last year.
California Postpones Oil, Gas Lease Auctions
Thursday, May 09, 2013 Due to recent events, BLM has delayed oil and natural gas leasing in California.
Nostra Terra Adds Acreage in Texas
Thursday, May 09, 2013 Nostra Terra announces a progress update on the High Plain Prospect, located in Texas.
QEP Resources Spinoff Files Public IPO Plans
Thursday, May 09, 2013 QEP Resources Inc.'s newly formed master limited partnership has filed for an initial public offering worth up to $400 million.
US Crude Oil Futures Settle Down; Products Hit One-Month High
Thursday, May 09, 2013 US crude oil futures end weaker but above the day's lows, while refined products futures hit one-month highs on hopes of a coming improvement in the economy of the world's biggest oil consumer.
Daybreak Kicks Off Six-Well California Campaign
Wednesday, May 08, 2013 Daybreak Oil and Gas announces the results of the first well in the initiation of a six well drilling program at the East Slopes Project in Kern County, California.
Crude Settles at One-Month High After Modest Inventory Rise
Wednesday, May 08, 2013 Crude-oil futures settle at a one-month high after a report shows US oil stockpiles rose less than expected last week.
Apache: Initial Production Rates Climb 70% at Tonkawa
Wednesday, May 08, 2013 Apache announces updated well results from drilling in the Tonkawa and Granite Wash formations of the Texas Panhandle and Western Oklahoma.
ATR Seeks Potential Acquisitions at OTC
Wednesday, May 08, 2013 ATR is seeking potential acquisitions at the world's largest oil show in Houston this week at the 2013 Offshore Technology Conference.
No North American-Style Shale Revolution for Developing World
Wednesday, May 08, 2013 ConocoPhillips executive believes that key ingredients that brought about the shale gas revolution in North America are missing in countries like China and India.
All Hands Aboard for Historic Offshore Hiring 'Spree'
Wednesday, May 08, 2013 Amid the global offshore drilling boom, oil and gas companies look to hire more employees, focusing on experienced professionals and rig workers.
Secretary Sally Jewell Shines at OTC
Wednesday, May 08, 2013 Four weeks on the job, Secretary Sally Jewel visits OTC to discuss the department's plans for the oil and gas industry.
GE Expands Technology Portfolio to Address Offshore Drilling Challenges
Wednesday, May 08, 2013 Several GE business units are showcasing their latest products and services for the offshore sector at the 2013 Offshore Technology Conference.
NATO Won't Up Presence In The Arctic
Wednesday, May 08, 2013 The North Atlantic Treaty Organization has no plans to increase its presence in the Arctic, Secretary General Anders Fogh Rasmussen says.
Transocean First-Quarter Profit Soars on Year-Earlier Losses
Wednesday, May 08, 2013 Transocean's 1Q profit soars as the offshore-oil driller benefits from a year-earlier comparison that included significant impairment and discontinued-operations losses.
Caterpillar Increases Power Rating for C280
Tuesday, May 07, 2013 Caterpillar Global Petroleum announces that the Cat C280-16 generator sets with an increased power rating have been selected by Jurong Shipyard to power the Moss Maritime designed CS60 West Rigel.
GE to Launch New Next-Generation SeaONYX BOP
Tuesday, May 07, 2013 GE Oil & Gas announces it is launching its next-generation SeaONYX blowout preventer (BOP) surface control system and operator interface at the 2013 OTC.
Marathon Oil 1Q Net Falls 8.2% on Tax Provision
Tuesday, May 07, 2013 Marathon Oil Corp.'s first-quarter earnings fell 8.2% as the energy company set aside more for income taxes, masking revenue growth.
Industry Execs See Higher Costs, Improved Safety with New Regulations
Tuesday, May 07, 2013 Oil and gas operators face a tougher US regulatory regime as new safety rules are implemented, but the rules are seen as necessary for improving safety and the industry's image.
Recruitment & Retention Horizon: Navigating Generation Y
Tuesday, May 07, 2013 Oil and gas recruiters focus on how to attract and retain the upcoming Generation Y as the older workforce retires.
Saudi Aramco to Open 3 US Research Centers
Tuesday, May 07, 2013 Saudi Aramco announces the opening of three research centers in the United States with Houston named one of the cities to house a new facility focused on upstream research.
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