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Anadarko Petroleum Quarterly Profit Lower, Beats Street
Tuesday, July 28, 2015 Anadarko reports a drop in profit, but results topped Wall Street expectations as the oil and natural gas company improved drilling practices and produced more crude than expected.
I Just Got Laid Off ... Now What?
Tuesday, July 28, 2015 Career experts offer advice to oil and gas professionals who are looking to move their career forward after layoffs.
Chevron to Cut 1,500 Jobs
Tuesday, July 28, 2015 Chevron will cut 1,500 jobs globally due to the current market environment.
Oil Steadies After 4-Day Loss; US Inventory Draw Eyed
Tuesday, July 28, 2015 Oil prices steady, with Brent recovering from near six-month lows and US crude settling more than 1% higher.
Pantheon Resources: VOBM#1 Spuds, 2 Well Drilling Program Starts
Tuesday, July 28, 2015 Pantheon Resources announces the spud of the VOBM#1 well, onshore East Texas, and the commencement of a 2 well drilling program.
Oil Hits 4-Month Low On China Stock Market Dive, Supply Concern
Monday, July 27, 2015 Crude oil futures hit 4-month lows after a steep drop in China's stock markets spark concern about the economic health of the world's biggest energy consumer.
Goodrich Sells Chunk of Eagle Ford: More Buying Time for Rebound
Monday, July 27, 2015 Goodrich Petroleum is selling key acreage in the Eagle Ford Shale to buy some liquidity and pay off some debt. But questions remain about whether it's enough to survive commodity prices.
Seeking to Build a Better Proppant
Monday, July 27, 2015 Rigzone follows up with some of the winners of Statoil and GE's first Open Innovation Challenge to reduce the amount of sand proppant used in unconventional operations.
San Leon Energy Non-Executive Director Resigns
Monday, July 27, 2015 San Leon Energy's long-standing non-executive director Jeremy Boak resigns, after accepting a position as a director of the Oklahoma Geological Survey at The University of Oklahoma.
'New Normal' Environment Requires Closer Look at Cost-Cutting Measures
Friday, July 24, 2015 KPMG energy practice leaders discuss industry challenges amid a lower oil price environment.
Oil Falls To Lowest Close Since March, Down A Fourth Week
Friday, July 24, 2015 Brent and U.S. crude futures settle at their lowest since March and post their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.
Baker Hughes: U.S. Oil Drillers Add Rigs Despite Crude Price Collapse
Friday, July 24, 2015 U.S. oil producers add 21 oil rigs in the past week, the most in over a year, suggesting that drillers were moving more aggressively than expected, just before crude prices' latest dive down.
Default Worries Close Bond Market Door To E&P Names
Friday, July 24, 2015 US oil exploration and production firms are again seeing their access to debt capital markets shrink, after a slide in oil prices put worries about defaults back on the radar.
Oil Falls On Concerns About Supply Glut, Shaky Demand
Thursday, July 23, 2015 Brent crude oil futures settle at its lowest since April and US crude falls into bear market territory.
Freeport-McMoRan Profit Beats Expectations; Shares Slide
Thursday, July 23, 2015 Freeport-McMoran reports an unexpectedly strong adjusted profit as sales of the metals and oil it produces rose, but its hefty debt load swelled and it also posted a big net loss.
Offshore Driller Hercules Says Weeks From Bankruptcy
Thursday, July 23, 2015 Hercules Offshore, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, says it plans to file for creditor protection in about three weeks.
Trials Underway for Wireless Mesh Communications Device
Thursday, July 23, 2015 Testing is underway for a new communications device with expanded use for kinetic mesh technology.
Oil Rigs Left Idling Turn Caribbean Into Expensive Parking Lot
Thursday, July 23, 2015 The Gulf of Mexico and the Caribbean Sea have become a garage for deepwater drillships - at a cost of about $70,000 a day each. It's either that or send your precious rig to a scrapyard.
E&P MLPs: Upstream Without A Paddle
Thursday, July 23, 2015 Upstream MLP units are trading at epic low prices; Rigzone talks to the experts about whether these structures will sink or swim.
Weatherford Raises Layoffs Target to 11,000
Thursday, July 23, 2015 Weatherford increases its worker layoff target to 11,000 as weakness in the North American oilfield service market activity continues.
Kemp: North Dakota Oil Well Completions Slow Sharply
Wednesday, July 22, 2015 No new well completion reports have been filed in North Dakota since July 10, the longest gap this year, according to daily activity records published by the state's Department of Mineral Resources (DMR).
FMC Technologies Plans Further Headcount Reductions
Wednesday, July 22, 2015 FMC Technologies plans to implement further workforce reductions amid a challenging North America land market.
Slight Rebound Seen in US Onshore Production, Rig Count
Wednesday, July 22, 2015 DrillingInfo CEO Allen Gilmer talks with Rigzone about what to expect in terms of US onshore drilling and production.
88 Energy Raises $8.8 Million to Fund Project Icewine
Wednesday, July 22, 2015 88 Energy Limited completes a share placing operation to raise $8.8 million, which will help fund exploration programs onshore Alaska.
Oil Falls, US Crude Settles Below $50 As Inventories Rise
Wednesday, July 22, 2015 Oil prices fall and US crude settles below $50 a barrel after government data showed crude inventories in the United States rose last week.
Statoil, GE Unveil Winners of First Open Innovation Challenge
Wednesday, July 22, 2015 Statoil and GE unveil winners of first Open Innovation Challenge to find solutions for reducing sand use in unconventional operations.
US Says Shell Is Not Yet Allowed To Drill In Arctic Oil Zone
Wednesday, July 22, 2015 The US Interior Department grants Shell its final two permits to explore for oil in the Arctic this summer.
Oil, Gas Companies Collaborate with Schools to Recruit Minorities and Women
Wednesday, July 22, 2015 Though recruitment efforts of women and minority in STEM have evolved over the years, there is still more work to be done to increase representation in industries such as oil and gas.
Chesapeake Energy Suspends Dividend Payments
Tuesday, July 21, 2015 Chesapeake says it will suspend dividend payments starting in the current quarter to save up to $240 million a year.
Baker Hughes Boosted By Rising Demand For Well Completion Services
Tuesday, July 21, 2015 Baker Hughes, which is being acquired by larger rival Halliburton, said it expects unfavorable market conditions to persist for the rest of the year.
Oil Gains After Choppy Trade, US August Crude Expires Above $50
Tuesday, July 21, 2015 Crude oil futures held on to gains after a volatile session that saw the US front-month August contract expire and go off the board above $50 a barrel, with a weaker dollar providing support.
The Bears and Bulls Draft a 2H Picture
Tuesday, July 21, 2015 Private energy companies are faced with the same challenges that have confronted big players in the first half of 2015; industry experts talk with Rigzone about how the rest of the year will shake out.
Wall Street Lenders Growing Impatient With US Shale Revolution
Tuesday, July 21, 2015 Wall Street has been one of the biggest allies of the shale revolution, bankrolling thousands of wells from Texas to North Dakota.
Halliburton Profit Beats Estimates As Costs Cuts Pay Off
Monday, July 20, 2015 Halliburton reports a better-than-expected quarterly profit as costs cuts helped offset the impact of a steep drop in drilling activity.
Oil Prices Dip Below $50 On Ample Supply, Strong Dollar
Monday, July 20, 2015 Oil futures fall and US crude slips below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combine to pressure prices.
Noble Takes Rosetta-and its Eagle Ford Assets-Under its Wing
Monday, July 20, 2015 With board support from both companies, Noble Energy and Rosetta Resources complete merger.
US Oil Rolls With OPEC's Blows as Brazil and Canada Take Hits
Friday, July 17, 2015 Eight months into OPEC's plan to hit rival oil producers, the casualties are mounting. Surprisingly, the most resilient may be the one that triggered the fight: the U.S.
Brent Up, U.S. Crude Dips As Both Post Third Weekly Loss
Friday, July 17, 2015 Brent crude rises and U.S. futures dip in choppy trading as expectations of increased exports from Iran cap prices and help both contracts post their third consecutive weekly losses.
The Mighty Bakken Bites Back
Friday, July 17, 2015 Despite widespread declines in rig counts, Bakken play producing more hydrocarbons that ever.
Oil, Gas Industry Sounds Off on BSEE Proposed Well Control Rule
Friday, July 17, 2015 Oil and gas organizations express concerns with a proposed rule by the Bureau of Safety and Environmental Enforcement regarding BOPs and well control.
Oklahoma Broadens Oil And Gas Drilling Regulations To Stem Quakes
Friday, July 17, 2015 Oklahoma expands restrictions on oil and gas drilling activities to stem a sharp increase in earthquakes that worried residents, damaged homes and raised concerns about the future of the energy industry in the state.
TomCo Appoints New Director and Chairman
Friday, July 17, 2015 TomCo Energy appoints Andrew Jones as a non-executive chairman and Simon Corney as a non-executive director.
Baker Hughes: U.S. Oil Drillers Cut Rigs As Crude Prices Collapse
Friday, July 17, 2015 U.S. energy firms cut seven oil rigs this week after adding rigs for the last two weeks as U.S. crude prices fell nearly 15 percent this month in the biggest slump since December.
Milagro Oil & Gas Seeks Bankruptcy Protection
Thursday, July 16, 2015 Houston-based exploration and production company files for Chapter 11 under duress of volatile commodity markets.
Brent Up On UK Outage, US Crude Falls On Cushing Data
Thursday, July 16, 2015 Front-month Brent crude prices rises after a power outage shuts production at Britain's largest oilfield and as the August contract approaches expiration.
Conoco Says Cutting Deepwater Spending, Dividend Up A Penny
Thursday, July 16, 2015 ConocoPhillips says it will reduce future spending on deepwater drilling due to low crude oil prices, and also raise its dividend 1 cent.
Study: Utica Shale Larger Than Previous Estimates
Thursday, July 16, 2015 The technically recoverable resources of the Utica shale play are larger than previously thought, according to a study from West Virginia University.
Oil Slumps On Prospect Of Increasing Iranian Exports
Wednesday, July 15, 2015 Oil prices fall about 3% on expectations increased exports from Iran will add to a global supply glut and on rising inventories at the delivery hub at Cushing, Oklahoma.
Sabine Oil & Gas Files for Bankruptcy
Wednesday, July 15, 2015 Sabine Oil & Gas Corporation files for bankruptcy to facilitate the restructuring of its balance sheet.
After Iran Deal, US Companies Face Being Left Out in Cold
Wednesday, July 15, 2015 Within hours of the announcement of an Iran nuclear deal, lawyers around Washington were fielding calls from US corporate clients eager to know what the 159-page deal would mean for their business prospects.
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