North America ///
Exxon Mobil Corp. anticipates capital spending of about $34 billion in 2015—12% less than in 2014—as it continues to bring major projects online, the company reported Wednesday.
Oil held above $50/bbl as investors weighed Saudi Arabia’s signal that demand is improving against data forecast to show U.S. inventories expanded from a record.
California regulators ordered oil drillers including Chevron and Linn Energy to halt operations at 12 injection wells in the state because of concerns they may taint groundwater.
Because of the long timelines associated with Gulf of Mexico (GoM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GoM crude oil production through 2016, according to the U.S. Energy Information Administration's Today in Energy report..
Halliburton officially opened its new Integrated Completions Center (ICC) in New Iberia on February 26, 2015.
Sperry Drilling, a Halliburton business line, announced the release of Quasar Pulse Service, the only M/LWD service capable of operating in harsh environments up to 392°F and 25,000 psi.
Magnetrol International, Inc., has recently expanded and opened several key locations: Aurora, Ill., Zele, Belgium, and Dubai, UAE.
ConocoPhillips Chairman and CEO Ryan Lance delivered an energy policy speech at the U.S. Chamber of Commerce Tuesday that appealed to the congressional and executive branches of federal government to lift the outdated and economically constraining national ban on crude oil exports.
Glencore Plc, the world’s biggest listed commodities trader, said 2015 could be a boom year for oil amid the biggest price swings in six years.
CENTENNIAL, Colorado -- PetroShare Corp. announced Monday that under its strategic land and leasing services agreement with Kingdom Resources, LLC, it has accepted an assignment of approximately 309 net acres covering all depths in parts of Township 1 South, Range 67 West, Adams County, Colorado.
The flood of oil inundating the U.S. Midwest is about to cascade down to the Gulf Coast.
President Barack Obama said a decision on whether to approve the Keystone XL pipeline is possible in weeks or months.
BOEM Director Abigail Ross Hopper has announced that the bureau will offer more than 21 million acres offshore Texas for exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.
WPX Energy is trimming its company-wide workforce by approximately 8% and consolidating most of its regional office staff in Denver, Colorado, together with personnel at the company’s headquarters in Tulsa, Oklahoma.
McDermott International has been awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar.
Engineering firm Parsons has acquired T.J. Cross Engineers, Inc., a privately held oil and gas industry professional services firm specializing in engineering, design, and consulting services.
Mexico’s hopes of replicating the U.S. offshore oil boom rest on authorities sweetening contract terms after prices collapsed, according to prospective drillers, as preliminary terms being offered by Mexico “need to be a little more competitive,” according to the CEO of BP.
Crude fell from its highest close this year in London on concern a global surplus will linger. U.S. oil futures narrowed their discount to Brent after an industry survey was said to report a slowdown in stockpile gains.
Oil fell after the first monthly gain since June as Saudi Arabia stepped up production, lifting OPEC’s output beyond its collective quota for a ninth month.
RWE, Germany’s second-largest utility, said it will proceed with the sale of its oil and gas unit to a Russian billionaire on Mar. 02 and may buy back the U.K. business should the new owner face sanctions.