Digitization at Work: GE and Noble Launch Digital Rig
Thursday February 22, 2018 - GE and Noble launch the world's first digital drilling vessel, which will detect potential failures 2 months before they occur and reduce OPEX by as much as 20%.
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Digitization at Work: GE and Noble Launch Digital Rig
Thursday, February 22, 2018 GE and Noble launch the world's first digital drilling vessel, which will detect potential failures 2 months before they occur and reduce OPEX by as much as 20%.
Oil Producer EQT Corp To Spin Off Midstream Operations
Wednesday, February 21, 2018 Oil and gas producer EQT Corp will separate its upstream and midstream businesses, finally giving in to months of investor pressure.
Concho Resources Tops Profit Estimates
Tuesday, February 20, 2018 Concho Resources posts a better-than-expected quarterly profit, helped by higher crude prices.
Marathon Oil Profit Beats Forecasts On Rising Crude, Cost Cuts
Wednesday, February 14, 2018 Marathon Oil Corp posts a better-than-expected adjusted quarterly profit.
Occidental Petroleum Profit Matches Street Forecast; Shares Slip
Tuesday, February 13, 2018 Occidental Petroleum Corp posted a quarterly profit that met - but did not exceed - Wall Street's expectations.
Filing: Vallourec Drilling Products Cuts About 150 Jobs In Texas
Tuesday, February 13, 2018 Vallourec Drilling Products will lay off roughly 150 employees in Texas, according to a regulatory filing.
Shell's Cougar Platform Becomes Artificial Reef
Friday, February 09, 2018 The Cougar platform in the Gulf of Mexico has become an artificial reef, after safely producing more than 31 million barrels of oil equivalent over a span of nearly two decades.
Midstates Petroleum Offers To Merge With Sandridge Energy
Tuesday, February 06, 2018 Midstates Petroleum Company Inc seeking to merge with larger rival SandRidge Energy Inc in an all-stock deal.
Hess Posts 13th Straight Quarterly Loss; Shares Dive
Monday, February 05, 2018 Hess posts its 13th straight quarterly loss as ballooning expenses offset rising crude prices, sending shares down nearly 5%.
ConocoPhillips Swings To Profit, Helping Boost Dividend, Buyback
Thursday, February 01, 2018 ConocoPhillips swings to a quarterly profit due in part to rising crude prices.
ExxonMobil Names MetLife CEO Kandarian To Its Board
Thursday, February 01, 2018 ExxonMobil names MetLife Inc Chief Executive to its board of directors.
ExxonMobil $50B Bonanza Returns Spending to Pre-Rout Level
Monday, January 29, 2018 ExxonMobil is set to spend $50 billion over the next half decade in a return to the oil giant's spending habits before crude suffered.
GE's Baker Hughes Adjusted Profit Beats On Higher N. America Demand
Wednesday, January 24, 2018 Baker Hughes reports 4Q revenue that beat analyst estimates and profit that modestly exceeded forecasts as growing US oil production spurred demand for its products.
Schlumberger Profit Beats, Predicts Strong 2018 For Shale
Friday, January 19, 2018 Schlumberger expects another strong year for shale drilling in 2018 along with its first international business growth in four years.
API's Jack Gerard to Step Down
Wednesday, January 17, 2018 After serving for 10 years as president and CEO of the API, Jack Gerard is calling it quits.
Tellurian Set to Boost Louisiana Gas Holdings Tenfold
Tuesday, January 16, 2018 Tellurian plans to start building its Driftwood LNG export terminal in Louisiana next year.
Noble Corporation Appoints New CEO
Friday, January 12, 2018 Offshore drilling contractor Noble Corporation plc reveals that Julie Robertson will succeed David Williams as the company's new chairman, president and CEO.
Liberty Oilfield Services CEO Sees Muted Response To Crude Price Rise
Friday, January 12, 2018 Oil producers are unlikely to significantly expand drilling budgets this year despite the recent run-up in crude prices, Liberty Oilfield Services' CEO says.
Gulfport Names Noble Energy Executive As Operations Chief
Wednesday, January 03, 2018 Gulfport Energy Corp has recruited Noble Energy Inc's head of Texas operations.
Weatherford Completes Schlumberger Deal for $430 Mln
Tuesday, January 02, 2018 Weatherford International plc completes the sale of its U.S. pressure pumping and pump-down perforating assets to a subsidiary of Schlumberger Limited.
SandRidge Yields To Icahn Pressure, Ends Bonanza Creek Deal
Friday, December 29, 2017 SandRidge Yields To Icahn Pressure, Ends Bonanza Creek Deal
GMG Launches New Oil & Gas Services Business Unit
Friday, December 22, 2017 Engineering services company Global Marine Group launches Global Offshore, a new business unit that will deliver trenching and power cable laying services to the oil and gas sector.
Cabot Oil And Gas To Sell Eagle Ford Assets Amid Cost-Cut Push
Wednesday, December 20, 2017 Cabot Oil & Gas Corp says it will sell its Eagle Ford Shale assets to a unit of Venado Oil & Gas LLC.
Zentech Introduces the Z-210 Liftboat
Monday, December 18, 2017 The Z-210 is the latest Zentech design, self-propelled, self-elevating, DP-2 (dynamically positioned) Liftboat.
Oil-Focused Engineering Firms McDermott, Chicago Bridge To Merge
Monday, December 18, 2017 McDermott International Inc and Chicago Bridge and Iron NV (CB&I) said they would combine to create a new company.
SandRidge Sets Poison Pill after Icahn Reveals Stake
Monday, November 27, 2017 SandRidge Energy says it adopted a shareholder rights plan, known as a 'poison pill', amid rising opposition from major shareholders to the oil producer's bid for rival Bonanza Creek Energy.
Baker Hughes: US Drillers Add The Most Oil Rigs In A Week Since June
Friday, November 10, 2017 US energy companies added the most oil drilling rigs in week since June as crude prices traded up to their highest levels since the summer of 2015.
France's Total Opens Washington Office As Iran Risks Loom
Friday, November 03, 2017 Total has opened an office in Washington in a bid to strengthen relations with the U.S. administration as the French oil and gas company prepares to invest billions in Iran.
Occidental 3Q Profit Beats Forecasts On Rising Oil Prices
Wednesday, November 01, 2017 Occidental Petroleum Corp posts a better-than-expected quarterly profit as rising commodity prices offset Hurricane Harvey's impact on operations.
Devon Energy 3Q Profit Beats Estimates
Tuesday, October 31, 2017 Devon reports a bigger-than-expected quarterly profit, helped by higher realized prices for oil.
New Contracts Drive Diamond Offshore's Profit Beat; Shares Rise
Monday, October 30, 2017 Diamond Offshore reports a higher-than-expected quarterly profit after securing more contracts for its deep-water drilling rigs at better rates.
ConocoPhillips' Profit Beats Estimates, But Budget Cut 10%
Thursday, October 26, 2017 ConocoPhillips, the largest US independent oil producer, reports a better-than-expected quarterly profit.
Whiting Petroleum Quarterly Loss Shrinks As Oil Prices Rise
Wednesday, October 25, 2017 Whiting Petroleum posts a quarterly loss that was smaller than analysts had expected, due in part to higher crude prices.
Whiting Petroleum Names Bradley Holly As CEO
Tuesday, October 24, 2017 Oil producer Whiting Petroleum Corp said it has appointed Bradley Holly as chief executive officer.
Halliburton CEO Defends Fracking Business as Margins Disappoint
Monday, October 23, 2017 Fracking isn't looking so great for the world's biggest fracker, but the CEO of Halliburton says he can pull some levers to improve profits.
Emerson Expands Technology Footprint, Acquires Paradigm
Tuesday, October 17, 2017 Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry.
India's Reliance Sells US Shale Asset for $126 Mln
Friday, October 06, 2017 Reliance bought the Marcellus asset in 2010 for $392 million.
U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate
Thursday, October 05, 2017 Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities.
Jon Huntsman Drops Off Chevron's Board After Winning Moscow Post
Tuesday, October 03, 2017 Jon Huntsman quits Chevron's board.
Harvey Strikes Employment: CB&I Lays Off Hundreds
Monday, September 25, 2017 Damages sustained by Hurricane Harvey have forced the closure of one of CB&I's facilities in Beaumont, Texas.
Baker Hughes: US Oil Drillers Cut Rigs As Recovery Stalls
Friday, September 08, 2017 US energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to recent crude price declines.
North American Exodus At PetroChina Sparks Speculation Of Company Shift
Wednesday, August 23, 2017 A flurry of departures across the US and Canadian units of PetroChina have sparked speculation that the oil trader is reducing its presence in North America.
Chevron's Watson Said to Plan to Step Down, Journal Reports
Tuesday, August 22, 2017 John Watson, who has led Chevron since 2010, is planning to step down as the oil major seeks a new CEO, the Wall Street Journal says.
BHP To Quit US Shale Business As Annual Profit Surges
Tuesday, August 22, 2017 BHP Billiton reported a surge in underlying full-year profits and said it would exit its underperforming US shale oil and gas business.
Baker Hughes: US Drillers Cut Oil Rigs For Second Week In Three
Friday, August 18, 2017 US energy firms cut oil rigs for a second week in three, data shows, with drillers cutting spending plans in reaction to declining crude prices.
Chesapeake To Cut Rig Count, Bring Fewer Wells To Production
Thursday, August 03, 2017 Chesapeake beats quarterly profit estimates, but says it plans to cut its rig count and bring fewer wells into production this year.
Pioneer Natural Trims 2017 Budget, Cites Weak Oil Prices
Tuesday, August 01, 2017 Pioneer Natural Resources Co posted a better-than-expected profit, but said it would trim its 2017 capital budget.
Devon Energy Trims Full-Year Spending
Tuesday, August 01, 2017 Devon Energy trims its full-year exploration spending by $100 million, joining a growing list of US shale producers.
EOG Resources Profit Disappoints, But Sticks By CAPEX
Tuesday, August 01, 2017 EOG Resources Inc posted a lower-than-expected quarterly profit.
Baker Hughes Quarterly Loss Narrows; Expects Slower Activity In 2H
Friday, July 28, 2017 Oilfield services provider Baker Hughes, now part of GE, expects growth in North American onshore activity.
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