WorldOil U.S. explorer Halcon Resources files for bankruptcy Halcon Resources Corp., the oil and gas explorer founded by wildcatter Floyd Wilson, filed for bankruptcy as part of a restructuring agreement reached with key lenders in May. U.S. shale gas shaking up global markets as LNG supply surges Shale drillers from Pennsylvania to Texas flooded the U.S. with so much natural gas over the past decade that prices slid to a 17-year low. Now they’re going global, with the potential to upset markets from London to Tokyo. North America recovery unlikely this year, Baker Hughes says as it reports loss Baker Hughes reported a second-quarter loss Thursday as it warned that a recovery in the North American market is unlikely this year. ConocoPhillips reports second quarter net loss of $1.1 billion HOUSTON – ConocoPhillips has reported a second-quarter net loss of $1.1 billion, or $0.86 per share, compared with a second-quarter 2015 net loss of $179 million, or $0.15 per share. Rimrock Resource Partners acquires assets in Oklahoma’s SCOOP play Rimrock Resource Partners has closed a $150-million acquisition of assets from an undisclosed seller. Crude oil is skidding toward its next big technical test: Column Here's a number that matters in the oil market right now: $40.76. Venari Resources ups stake in deepwater Shenandoah field Venari Resources has acquired an additional 7% working interest in Shenandoah field on Walker Ridge Blocks 51, 52 and 53. The company also reported successful results from the Shenandoah #5 appraisal well. Shell reports new deepwater discovery in U.S. Gulf of Mexico Shell has made a new discovery in the deepwater U.S. Gulf of Mexico. The initial estimated recoverable resources for the Fort Sumter well are more than 125 MMboe. Bibby Offshore wins multi-million-dollar North Sea contract Bibby Offshore has secured a multi-million-dollar contract with an independent UK-based EandP company, to provide air diving, and ROV inspection and construction services across five of its North Sea assets. Total profit beats estimates as cost cuts deepen amid slump Total said profit fell 30% in the second quarter, beating analysts’ estimates as deeper cost cuts and rising production helped the French company offset the slump in crude prices and strikes at its domestic refineries. Shell earnings tumble to 11-year low on oil, weaker refining Royal Dutch Shell reported the lowest quarterly earnings in 11 years and missed estimates by more than $1 billion as a mix of lower energy prices, weaker refining margins and production halts weighed on Europe’s largest oil company.