BUENOS AIRES (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled company at the center of Brazil’s biggest corruption scandal, agreed to sell oil and natural gas fields in southern Argentina to billionaire Eduardo Eurnekian’s Corporacion America, two people with knowledge of the deal said.
Chevron Corp. withdrew from a natural gas exploration venture in central Australia, as the second-biggest U.S. energy producer curtails spending.
Wood Mackenzie's breakeven analysis of more than 800 individual assets in the Lower 48 reveals dramatic variations in the viability of company asset bases and sub-plays.
Weatherford has announced the commercial release of its TruFrac composite frac plug at the 2015 Intervention and Coiled Tubing Association Conference and Exhibition.
Whiting Petroleum Corp. has given up finding a buyer, saying instead it will sell as much as 40.3 million shares and raise $1.9 billion in debt to clean up its balance sheet.
Thousands of Texans who prowled county courthouses, poring over dusty deeds and maps to cash in on the biggest oil boom in decades, are seeing their work go bust.
The biggest retreat from U.S. oil fields on record is showing signs of subsiding.
The Independent Petroleum Association of America (IPAA) and Western Energy Alliance have filed a lawsuit against the U.S. Secretary of the Interior and the U.S. Bureau of Land Management (BLM), challenging BLM’s issuance of regulations related to hydraulic fracturing on federal and Indian lands.
U.S. Secretary of the Interior Sally Jewell has released final standards for hydraulic fracturing on public and American Indian lands.
WASHINGTON, D.C -- New regulations on hydraulic fracturing on federal lands, issued by the Department of Interior’s Bureau of Land Management, will stifle energy growth and lead to costly delays, the American Petroleum Institute (API) said.
WASHINGTON, D.C. (Bloomberg) -- The Obama administration issued the first federal regulations for fracing since the drilling technique fueled a domestic energy boom, requiring extensive disclosures of the chemicals used on public land.
Oil supplies at Cushing, Oklahoma, the delivery point for U.S. futures contracts, surged to a record last week, fueling speculation that prices already at a six-year low will fall further as the nation’s storage tanks fill up.
Quicksilver Resources has announced that the company and its U.S. subsidiaries have each filed a voluntary petition under chapter 11 as the first step in a financial restructuring.
WARSAW (Bloomberg) -- Poland’s estimated recoverable reserves of so-called tight gas are probably higher than its proven conventional deposits of the fuel, according to the Polish Geological Institute.
MELBOURNE (Bloomberg) -- Oil dropped to the lowest intraday price since March 2009 amid speculation that record U.S. crude supply may start to strain the country’s storage capacity.
Whiting Petroleum, the North Dakota oil explorer, has attracted interest from Exxon Mobil and Continental Resources as it explores a sale of the entire company, people with knowledge of the situation said.
HOUSTON (Bloomberg) -- A deadly oil well explosion in Texas’s Permian Basin this week offers a cautionary note of the industry’s challenges as companies cut costs during a market downturn.
A decision by Whiting Petroleum, the largest producer in North Dakota’s Bakken shale basin, to put itself up for sale looks to be the first tremor in a potential wave of consolidation as $50/bbl prices undercut companies with heavy debt and high costs.
HOUSTON -- PropTester, Inc. and KELRIK, LLC released the 2014 Proppant Market Report (PMR), a detailed overview of the global proppant market, which showed that the industry supplied over 135 billion lb of sand, ceramic, and resin coated proppants in 2014, a 50% increase over 2013.
LONDON (Bloomberg) -- Ineos plans to acquire stakes of at least 50% in seven shale gas licenses in northwest England for 30 million pounds ($45 million) as it looks tap unexploited reserves and get cheaper feedstock for its petrochemical plants.