North America ///
Oil bulls can say farewell to another quiet Atlantic hurricane season in the Gulf of Mexico, which ends Monday without a storm-induced price rise to lift crude from its once-in-a-generation slump.
Oil pared its first weekly gain in a month on signs the global surplus will expand and as the dollar increased, reducing demand for commodities as an investment.
Canada is poised to lose energy companies as the industry faces the “new normal” of lower and more volatile oil prices along with tougher climate and regulatory policies, billionaire investor Murray Edwards warned Friday.
Suncor Energy Inc.’s battle for Canadian Oil Sands Ltd. is getting more crowded.
Mere months since their market entry into the Asia-Pacific, Katalyst Data Management, through its Australian subsidiary KDM SpectrumData, has taken on a major oil and gas seismic data management project for the Geological Survey of Queensland and the Department of Natural Resources and Mines in Australia.
HOUSTON – Drillers in the U.S. idled 13 more rigs this week, according to the latest data released by Baker Hughes in advance of the Thanksgiving holiday. According to the service provider, the number of oil-directed rigs has now fallen for 12 of the past 13 weeks.
Oil retreated after a government report showed that U.S. crude, gasoline and distillate fuel stockpiles increased.
Surging U.S. crude stockpiles that have filled storage tanks near capacity are widening the discount on immediate oil deliveries.
Pennsylvania’s Department of Environmental Protection announced Monday that Chesapeake Appalachia, LLC has agreed to a Consent Order and Agreement and will pay a fine of $1.4 million for violations of Pennsylvania's Oil and Gas Act, Clean Streams Law and Dam Safety and Encroachments Act.
United States Steel Corporation is to temporarily idle its Granite City Works steelmaking and finishing operations in Granite City, Ill., the company announced Monday.
Resolute Energy Corporation announced today that it has entered into a definitive agreement to sell its Gardendale assets in the Midland basin of West Texas to an undisclosed buyer for a purchase price of $177.5 million.
Oil extended its decline as Venezuela predicted prices may drop to as low as the mid-$20s/bbl unless OPEC takes action to stabilize the market.
The number of jobs gutted from oil and gas companies around the world has now passed the 250,000 mark, with still more to come, according to industry consultant Graves & Co.
Crude rose after the number of active U.S. oil rigs dropped to a five-year low and as European Central Bank President Mario Draghi hinted at additional stimulus.
NuTech Energy Resources, Inc., a natural gas and oil exploration and development company, is pleased to announce that the Company has entered into an agreement to acquire wells from Emerald Operating Company and Rocky Mountain Exploration, Inc.
The chief executive officers of Suncor Energy Inc. and Canadian Oil Sands Ltd. both say they’ve got votes on their side as the nation’s top crude producer promotes a hostile takeover bid for its smaller rival. One of them is going to be disappointed.
WPX Energy has completed the sale of a North Dakota gathering system for approximately $185 million to a private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management.
Paradigm has released Paradigm Geolog 7.4, the latest version of its industry-leading Geolog® formation evaluation software suite.
The University of Houston Law Center (UHLC) and Mexico's National Hydrocarbons Commission (CNH) recently launched a partnership that offers internships to law students while providing training and education in international energy law to Mexican energy officials.
U.S. Sen. Lisa Murkowski (R – Alaska) has applauded the U.S. Department of Commerce’s confirmation that the agency did in fact issue a cross-border oil exchange license with Mexico.