Chesapeake Energy Corp. pledged “substantially all” of its gas fields, office buildings and derivatives contracts to maintain access to a $4 billion credit line as the shale driller grapples with falling energy prices. Investors pushed the stock to the top of the Standard & Poor’s 500 Index.
Commodity stocks surged ahead on the London market yesterday morning, buoyed by the weakening dollar and a rebound in the price of oil.
The collapse in capital investment in the Canadian oil industry should press Prime Minister Justin Trudeau’s government to push the button on new oil pipelines and liquefied natural gas developments for an industry struggling with the commodity price slump, said Tim McMillan, CAPP’s chief executive.
Amec Foster Wheeler has won a deal which will see its technology aimed at making radioactive waste safer trialled at Fukushima, Japan.
Woodside has agreed a deal with Norwegian company Siem Offshore Australia for the country's first LNG-powered marine support vessel in 2017.
Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output to the highest level in more than four decades.
The sale of a huge Tata steelworks has been confirmed, safeguarding thousands of jobs.
The Aberdeen oil worker who achieved global notoriety after posing with a would-be hijacker on an Egyptian airliner could be set to appear on Celebrity Big Brother.
Woodside and Korea Gas Corporation (KOGAS) have extended their 2011 deal develop future business arrangements,knowledge share, faciliate staff secondments and joint technology studies and workshop.
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Oil held gains after the biggest jump in almost two months as U.S. drillers idled more rigs ahead of talks between the world’s biggest producers about freezing output.
The High Court in Ireland has confirmed examinership for struggling explorer Petroceltic.
GE Oil & Gas today confirmed it had started production on four high pressure, high temperature dynamic flexible risers destined for Shell's Prelude, the world’s largest offshore floating facility.
Cairn Energy said its Senegal drilling campaign continues to yield positive results.
Difficulties in the oil and gas industry are continuing to take their toll on Scotland’s economy, two new reports have indicated.
Iraq increased crude output to a record level in March, ahead of a meeting in Qatar of OPEC members and other producers on capping production to curb a global glut.
The boss of a newly formed group of three businesses has vowed to come to the rescue of North Sea oil and gas companies with badly-needed well intervention services. Paul Landers said The New Way (TNW) will pool its resources to improve flow from wells at a low cost and with a quick turnaround time. TNW is made up of well services firm StimLite and GB Seismic, both based in Leicester, and UCS, a contracting supply company.
Oil experts from industry and academia will debate the obstacles to extracting the North Sea’s remaining reserves at a conference in Aberdeen this week. The list of speakers includes top petroleum economist Professor Alex Kemp, Shell’s UK director for upstream, Paul Goodfellow and Amec Foster Wheeler’s group president for northern Europe and Commonwealth of Independent States, John Pearson. The event, organised by Aberdeen University, will take place at the King’s Conference Centre on Thursday.
General Electric Co. could become one of the top players in the oil services and equipment industry if it decides to bid for Baker Hughes Inc.
Gulf Arab stocks climbed after oil, the region’s main source of income, rebounded to the highest level this year.
Talisman Sinopec UK (TSEUK)'s new Montrose platform has begun its journey to the Central North Sea. The infrastructure will play a critical role in unlocking an additional 100 million barrels of oil equivalent in the area.
Data analysis and reporting is not just a requirement for many companies, it is the only way to measure and improve profitability. And measure that improvement.
Three of the world’s largest energy companies had their credit ratings lowered by Moody’s Investors Service on the expectation that oil prices will stay low for longer and cause leverage concerns.
Labour has vowed not to uphold a Scottish Government multibillion-pound investment agreement with two Chinese firms if it harms Scottish workers.
Oil-producing countries must take the necessary steps to stabilize the global crude market in a bid to improve prices, Ecuador Foreign Minister Guillaume Long said on behalf of Latin American nations after a gathering in Quito.