Oilrose for the first time in three sessions after the number of active rigs fell in the U.S., potentially easing a supply glut. Futures advanced as much as 1.1 percent in New York, paring a 4.8 percent loss in the previous two sessions. Rigs targeting oil in the U.S. fell by 15 to 372, according to Baker Hughes Inc. More than 150 have been parked since the start of the year.
The number of rigs exploring for oil and gas in the US has dropped by 12 this week, according to the latest figures.
Swiss regulators have agreed to provide US prosecutors with records from at least 18 banks relating to Venezuela’s state oil company.
The US SEC (Securities and Exchange Commission) has decided both oil giants ExxonMobil and Chevron must allow a shareholder vote on a proposal they should conduct analysis on the financial impact any climate change regulation would have on their operations.
The fourth Aberdeen-Houston Gateway has been hailed as a resounding success as delegates from the US visited the UK for the annual event.
Oil major Chevron has reported mechanical problems which led to flaring at a refinery in California.
Plans to sell off oil and gas leases in the US have been hit by protests from environmentalists.
Organisers of an event celebrating the business links between the north-east and Houston hailed it as a “resounding success”.
Oil fell for a second day, extending declines from a three-month high, as the number of drill rigs active in the U.S. rose for the first time in three months amid a global glut.
Plans to tighten rules on air pollution from offshore oil and gas operations have been laid out by the Obama administration.
Houston’s $3 billion of general-obligation debt was cut one level by Moody’s Investors Service, which cited weakening economic performance due to lower oil prices, the city’s pensions obligations and restrictions on raising taxes.
U.S. crude production will fall to its lowest since 2013 next year as battered shale drillers idle rigs to conserve cash, according to a government report.
Amec Foster Wheeler said it has won a contract with the US Air Force.
American Energy Partners LP, the firm created by Aubrey McClendon, said it would continue its work despite its founder’s death in a car crash Wednesday. “While all of the employees at AELP are deeply saddened by this tragic event, we are firm in our conviction that Aubrey would want us to persevere and continue his extraordinary legacy of innovation and creativity," the Oklahoma City-based company said in a statement on its website Thursday.
Aubrey McClendon has been called a pioneer and a natural gas evangelist. Now he might just be the architect of his own destruction.
After years of false starts, U.S. offshore wind has attracted some marquee names with deep pockets, creating a sense of optimism for the emerging industry.
Electricity generating facilities expect to add more than 26 gigawatts (GW) of utility-scale generating capacity to the US power grid during 2016, according the country's Energy Information Administration.
Nostra Terra - the UK listed independent oil and gas firm - confirmed the permitting process for the Paw Paw prospect in the Wyoming, US should be completed "within weeks. and said it has secured more time to drill a well at the project.
The former chief executive of Cheniere Energy has resigned from the company’s board after being replaced at the end of last year.
A century and a half before the current supply glut sent oil prices into contango, one of America’s greatest industrialists tried to make money by storing crude. He failed.
Key Energy Services said it will appoint a new chief executive as the company faces potential de-listing from the New York Stock Exchange.
The U.S. shale industry must come up with $1.2 billion in interest payments by the end of March as $30-a- barrel oil makes it harder for companies to scrape up the cash needed to stay current on their debts.
Marathon Oil said it has reduced its spending for the year by half after reporting a quarterly loss.
Devon Energy has said it plans to reduce its capital spending as well as cutting its staff by 20%.
The chief executive of oil major Chevron made the “shot of the day” at a recent golf tournament in California. The talented golfer impressed fellow amateur golfers at the AT&T Pebble Beach Pro-Am earlier this month. His shot scored a two-under-par on the 18th hole at Pebble Beach. Watch the video below.