Industry Headlines News for United States


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Peter G. Peterson, Blackstone's Co-Founder, Dies at 91
Wednesday, March 21, 2018 Peter G. Peterson, co-founder of the private-equity firm Blackstone Group LP, has died.

OPEC Supply Cut Compliance Hits Record, Oil Glut Going Fast
Wednesday, March 21, 2018 Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast.

Drillers Give Tepid Response To Record US Offshore Lease Sale
Wednesday, March 21, 2018 Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered in the largest lease sale in American history.

Oil Rallies to Six-Week High After Surprise US Storage Slump
Wednesday, March 21, 2018 Oil climbed to the highest level in six weeks.

Ex-Occidental Chief in $2.66B Deal for EnerVest Shale
Tuesday, March 20, 2018 Steve Chazen, who transformed Occidental Petroleum Corp. into a heavyweight of the US shale boom, is looking to replicate that success in south Texas with a $2.66 billion deal.

Oil Rises To 3-Week High On Mideast Tensions, Venezuela Concerns
Tuesday, March 20, 2018 Oil prices climbed to their highest level in 3 weeks as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the impact of growing US crude production.

A Small Oil Field In Oklahoma Is Seeing Big Bets From Producers
Monday, March 19, 2018 Investments are now paying off as production levels rise and soaring land costs in the Permian have producers looking to other fields for expansion.

'Netflix for Oil' Setting Stage for $1 Trillion Data Battle
Monday, March 19, 2018 The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable.

Oil Dips As Wall Street Dives; Tensions Over Iran Support Crude
Monday, March 19, 2018 Oil prices slipped as Wall Street slid more than 1%.

Oil, Gas Leaders Warn Trump He Risks Harming Their Industry
Friday, March 16, 2018 The meeting came a week after Trump decided to slap a 25 percent levy on steel imports

Oil Posts Weekly Gain as Global Tension Outweighs Shale Fear
Friday, March 16, 2018 Crude posted a second weekly gain as a whirlwind of rising geopolitical concerns stole the shale boom's limelight.

IEA: Global Oil Demand Picks Up But Still Lags Rising Supply
Thursday, March 15, 2018 Global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in 1Q 2018, IEA says.

Trump Administration Seeks Swift Action On Alaska Oil Leases
Thursday, March 15, 2018 The Trump administration is seeking to sell leases in the Arctic National Wildlife Refuge as quickly as possible.

BLOG: Employment-Related Happiness Increasing Among Oil, Gas Workers
Thursday, March 15, 2018 Oil and gas workers are now happy with their current oil and gas jobs, according to a new Rigzone poll.

Oil Holds Gains Near $61 as Impending Supply Gap Eclipses Shale
Thursday, March 15, 2018 Crude circled around the $61-a-barrel mark as the IEA warned of an impending shortfall in global oil supplies even as US shale drillers lifted output to unprecedented heights.

OPEC Sees Oil Supply Surge From Rivals, Countering Its Cuts
Wednesday, March 14, 2018 OPEC raises its forecast for oil supply from non-member countries in 2018 as higher prices encourage US shale drillers to pump more.

Gasoline Inventory Drain Buoys Oil Despite Rising Crude Supply
Wednesday, March 14, 2018 Futures were little changed after falling and rising as much as 1% in New York.

Former Exxon Head Replaced as US Secretary of State
Tuesday, March 13, 2018 Former ExxonMobil Corp head Rex Tillerson is being replaced as the US Secretary of State, US President Donald Trump reveals.

Tillerson Has 180 Million Reasons Not to Return to Oil Industry
Tuesday, March 13, 2018 It isn't clear where Rex Tillerson goes from here, but he has 180 million reasons to avoid the oil industry.

Oil Pares Decline as Industry Data Show US Fuel Inventory Drop
Tuesday, March 13, 2018 Oil reduced its decline after the industry report showed US fuel stockpiles fell last week.

Oil Bust Was Actually Good for a Town Called 'Shale City'
Monday, March 12, 2018 As the price of oil goes, so goes Williston, North Dakota.

Breitburn Reaches Bankruptcy Exit Deal With Holdout Creditors
Monday, March 12, 2018 Breitburn Energy Partners LP has reached an agreement with holdout creditors over its $3 billion bankruptcy exit plan.

Oil Slides as Growing Shale Supply Seen Stabilizing US Hub
Monday, March 12, 2018 Oil fell on speculation that growing shale production will stem the drawdown of inventories from the biggest US hub.

Future Energy Leaders Able to Earn Energy-Focused MBA Online
Monday, March 12, 2018 The Energy Providers Coalition for Education and Excelsior College partnered to offer online MBAs to working energy professionals who aspire to be leaders at their companies.

Technology as a Disrupter in Oil, Gas
Friday, March 09, 2018 Oil and gas executives discuss the role technology will play in disrupting the upstream during the CERAWeek conference in Houston.

US Jobs Report: Oil, Gas Jobs Added in February
Friday, March 09, 2018 February proved to be another good month for industry employment.

Oil Prices Rise Nearly $2 Amid Broad Market Optimism
Friday, March 09, 2018 Oil prices rose nearly $2, rebounding from two days of declines as Wall Street climbed on strong US jobs data.

Women in Oil, Gas: BP's Aleida Rios Advocates for Diversity and Inclusion
Thursday, March 08, 2018 Aleida Rios shares how she grew from an immigrant who struggled with a language barrier in school to become the woman accountable for all of BP's offshore Gulf of Mexico operations.

The Oil and Gas Workforce in an IoT World
Thursday, March 08, 2018 Emerson executives discuss what the oil and gas industry workforce looks like in a world of digital evolution during the CERAWeek by IHS Markit conference in Houston.

BLOG: 4 Reasons why 2018 is (Finally) a Good Year for Oil
Thursday, March 08, 2018 Guest blogger shares 4 reasons that 2018 will really be a positive year for our industry.

Gadfly: What I Learned by Getting Locked Out at CERAWeek
Thursday, March 08, 2018 I may have a missed a few interesting sessions this week, but the guys from Vienna appear to be missing the point entirely.

Oil Hits Three-Week Low Amid Heightened Supply, Dollar Strength
Thursday, March 08, 2018 Crude spiraled to the lowest level in three weeks as rising US supply and dollar strength eclipsed bullish demand outlooks.

CERAWeek: Shell's US Shale Output Plans Prioritize Oil Over Natgas
Thursday, March 08, 2018 Shell is focused on increasing its US shale operation's oil production while slowing investment in lower-margin natural gas, an executive says.

HOW COOL IS THAT!: Subsea Engineer
Wednesday, March 07, 2018 BP's Rigoberto Lopez helps to construct deepwater wells in the Gulf of Mexico.

Oil Prices Fall With Wall Street And As US Crude Output, Stocks Rise
Wednesday, March 07, 2018 Oil prices tumbled as financial markets slid amid concerns that Washington's plans for import tariffs could spark a trade war.

Schlumberger CEO Gets $20.8MM Pay as Oil Markets Rebound
Tuesday, March 06, 2018 Schlumberger CEO Paal Kibsgaard received $20.8 million in reported pay for 2017, a 12% boost from the prior year as the global oil market rebounded.

Analysts Expect Oil Price to Average $75 Per Barrel in 2019
Tuesday, March 06, 2018 The price of Brent crude oil will average $75 per barrel next year, according to the latest forecast from oil and gas analysts at BMI Research.

Oil Dips as Data Shows Biggest US Crude Build Since January
Tuesday, March 06, 2018 Crude slipped after industry data showed US crude stockpiles rose by more than expected last week.

Gadfly: Trump Tariffs Are a Gift for OPEC and Russia. Not Shale
Monday, March 05, 2018 President Donald Trump's planned 25% import tariff on steel is a gift to OPEC and Russia.

Oil Gains Most in Two Weeks as Storage in Key Hub Seen Shrinking
Monday, March 05, 2018 Crude rose the most in two weeks as stockpiles at the largest US storage hub are seen draining further.

US Interior Chief Holds Off On Federal Oil Lease Sale After Local Outcry
Monday, March 05, 2018 US Interior Secretary Ryan Zinke has postponed a second federal oil and gas lease sale.

OPEC Sec Gen: Lack of Investment 'Sowing Seeds for Future Energy Crisis'
Monday, March 05, 2018 IEA executive director Fatih Birol and OPEC secretary general Mohammad Sanusi Barkindo discuss challenges facing the oil and gas industry during the CERAWeek by IHS Markit conference in Houston.

Oil Rises As Wall Street Bounces Off Lows, Crude Posts Weekly Loss
Friday, March 02, 2018 Oil prices rose on Friday as Wall Street stocks bounced off session lows.

BLOG: Bribery in the Energy Market - More than Bags of Cash
Thursday, March 01, 2018 Parker Drilling's Kelly Thorman discusses bribery and corruption in oil and gas and how companies can equip themselves with compliance measures.

Oil Prices Are Sensitive to Drilling Activity
Thursday, March 01, 2018 The Permian Basin is now the world's swing oil producer, with a lag.

Oil at Two-Week Low as Equities Dip, Concerns Linger Over Shale
Thursday, March 01, 2018 Oil closed lower amid a selloff in equity markets and growing concern about increasing US crude production.

Government Instability in Several Oil, Gas Producing Countries Set to Rise
Wednesday, February 28, 2018 Government instability is set to rise over the next 3 years in oil and gas producing countries including Russia, Kazakhstan, Egypt, Kenya and Uganda, a new report highlights.

Oil, Gas Players Adjust Aim Toward $2.5T Moving Target
Wednesday, February 28, 2018 Oil and gas companies are reassessing how to meet compliance demands.

Oil Drops On Large Inventory Increase, Profit Taking
Wednesday, February 28, 2018 Oil prices fall, after official data shows a larger-than-expected increase in US crude inventories.

US Interior Panel Votes For Lower Federal Offshore Oil And Gas Royalties
Wednesday, February 28, 2018 A US Department of the Interior committee votes to recommend to Secretary Ryan Zinke that the agency lower royalty rates for federal offshore oil and gas drilling.

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