More Oil & Gas News

E&P companies tapping equity markets

North American exploration and production companies tapped equity markets deeply in this year's first quarter to address financial problems created by the plunge in crude oil prices.

Companies slash capital budgets as oil price drop cuts cash flows

Oil and gas companies, whose basic commodity has lost more than half its value in half a year, have slashed budgets in an effort to pull spending back within sharply diminished cash flow.

SPE/ICoTA: Oil field services market to contract, rebound quickly

In a keynote speech to attendees of the 2015 Coiled Tubing & Well Intervention Conference & Exhibition, Richard B. Spears, an oil field services market researcher, says the worst may be yet to come for that market, but a partial recovery also could come sooner than expected.

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One more outlook to the pile

Reporting news to the oil and gas industry about the oil and gas industry is a serious business. It has to be. Seriousness is a tone that readers of Oil & Gas Journal have come to expect.

Climate delete key

Congress deserves support from the oil and gas industry for resisting President Barack Obama's commitment to the United Nations on emissions of greenhouse-gases (GHGs).

Analysts: Oil industry dealing with downturn better than years' past

Investment bankers and analysts entrenched in the oil and gas industry say companies have so far staved off the major negative impacts of the current industry downturn better than previous downturns by acting more proactively and aggressively.

Analyst: Cost key variable in crude-price scenarios

With Saudi Arabia reluctant to cut production, crude oil prices over the next decade depend greatly on producers' costs, says a veteran observer of oil markets and the Middle East.

Petrobras to exit Japanese refining business

Brazil's state-owned Petroleo Brasileiro SA (Petrobras) is initiating a plan to exit its Japanese refining business, which consists of wholly owned subsidiary Nansei Sekiyu KK’s 100,000-b/d Nishihara refinery on Japan’s southwestern island of Okinawa.

TransCanada to change Energy East route

TransCanada Corp., responding to new concern about Beluga whales and community comments, will change the destination end of its proposed Energy East pipeline.

KKR, Fleur de Lis buy Wyoming carbon dioxide assets

KKR and Fleur de Lis Energy have acquired properties related to carbon dioxide enhanced oil recovery in the Powder River and Green River basins of Wyoming from Anadarko Petroleum Corp.

RFF speakers relay challenges faced by Alaskan offshore oil developers

Significant problems ranging from the lack of deepwater ports and spill-response systems to potential impacts on wildlife and indigenous populations need to be solved before US Arctic offshore oil exploration and production moves ahead, speakers agreed at a Resources for the Future (RFF) event.

FWS lists Northern Long-Eared Bat as a threatened species

The US Fish & Wildlife Service designated the Northern Long-Eared Bat (NLEB) a threatened species, but attached an interim special rule that it said eliminates unnecessary regulatory requirements for landowners, land managers, government agencies, and others in the animal’s multistate range.

MARKET WATCH: Oil prices jump $2/bbl on a brief rally

Crude oil futures prices gained more than $2/bbl on the New York market on Apr. 1 to settle slightly above $50/bbl while opinions varied among analysts about the timing and strength of an oil-price recovery.

EIA: OPEC’s net oil export revenues declined 11% in 2014

Members of the Organization of Petroleum Exporting Countries, excluding Iran, earned $730 billion in net oil export revenues during 2014, according to estimates from the US Energy Information Administration.

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