Oil Gas Prices

Halliburton expects second-quarter earnings to grow by 25%

HOUSTON (Bloomberg) -- Halliburton Co. expects to boost earnings per share in the second quarter by 25% as the world’s largest hydraulic fracturing service provider overcomes bad weather and lower pricing in North America.


21 Apr 2014 | 4:20 am EDT

Fate of Keystone pipeline shifts to Nebraska

LINCOLN, Nebraska (Bloomberg) -- The focus of the Keystone XL debate has shifted from a fierce lobbying war in Washington to Lincoln, Nebraska, where the state Supreme Court has been asked to weigh a legal challenge to the pipeline.


21 Apr 2014 | 3:15 am EDT

Employee fatality at Suncor’s oil sands site

FORT MCMURRAY, Alberta -- Suncor Energy has reported an employee fatality at its oil sands site on Sunday, April 20, 2014.


21 Apr 2014 | 2:44 am EDT

Vanguard Energy reports sale of Batson Dome Field

Vanguard Energy reports sale of Batson Dome Field HOUSTON, Texas Vanguard Energy reported that it has entered into an agreement with an unrelated third party to sell all of Vanguard' s working interests and related equipment at its only operating field,


21 Apr 2014 | 12:28 am EDT

Keystone review delay draws ire of pipeline's advocates

WASHINGTON, D.C. (Bloomberg) -- The Obama administration’s announcement that it was delaying a ruling on the Keystone XL oil pipeline drew an angry reaction from supporters of the $5.4 bn project, including some who said it was designed to push the issue beyond the November election.


19 Apr 2014 | 10:30 am EDT

Encana said to seek at least $636 million in Royalty IPO

Encana said to seek at least $636 million in Royalty IPO REBECCA PENTY AND DOUG ALEXANDER CALGARY, Alberta (Bloomberg) Encana’s sale of shares in a royalty unit as early as next month is poised to be the largest initial public


17 Apr 2014 | 11:56 pm EDT

Gas rigs rebound from 21-year low as prices boost profits

Gas Rigs rebound from 21 year low as prices boost profits LYNN DOAN AND RICHARD STUBBE (Bloomberg) Rigs targeting natural gas in the U.S. rebounded from the lowest level since 1993 as an increase in prices this year lures producers


17 Apr 2014 | 11:29 pm EDT

NEB approves LNG export license for Triton LNG

NEB approves LNG export license for Triton LNG CALGARY, Alberta The National Energy Board (NEB) approved an application for a 25 year natural gas export licence from Triton LNG Partnership to export LNG. The license is for a maximum term


17 Apr 2014 | 10:55 pm EDT

Shale pioneer Aubrey McClendon hires Chesapeake for New Frontier

Shale pioneer Aubrey McClendon hires Chesapeake for New Frontier JOE CARROLL OKLAHOMA CITY, Oklahoma (Bloomberg) Aubrey McClendon, the pioneering shale wildcatter who helped usher in the U.S. energy renaissance, has hired the company that fired him to drill wells for


17 Apr 2014 | 8:50 pm EDT

Chesapeake’s biggest investor grows more bullish on stock

OKLAHOMA CITY, Oklahoma (Bloomberg) -- Southeastern Asset Management Inc., the owner of one of every 10 shares in Chesapeake Energy Corp., is more bullish on the natural gas producer as CEO Doug Lawler trims costs.


17 Apr 2014 | 10:00 am EDT

Ex-BP worker sold stock on insider Macondo spill data, U.S. says

WASHINGTON, D.C. (Bloomberg) -- A former official of BP Plc will pay $224,000 to settle U.S. claims that he traded securities based on inside information about the magnitude of the Deepwater Horizon oil spill, the Securities and Exchange Commission said.


17 Apr 2014 | 9:55 am EDT

Large majorities support U.S. investments in oil, natural gas

WASHINGTON, D.C. -- Strong bipartisan majorities of registered voters support increased investment in energy infrastructure, according to a new poll unveiled by the American Petroleum Institute (API).


17 Apr 2014 | 9:44 am EDT

Gauthiers’ relocates, expands Houma facility

HOUMA, Louisiana — Gauthiers’, a Lafayette-based supplier of oil and gas industry containers and support equipment, has officially opened the doors to its newly relocated and expanded Houma facility.


17 Apr 2014 | 8:16 am EDT

Artificial Lift Co. provides Advantage Rigless ESP system for ConocoPhillips

ODESSA, Texas -- Artificial Lift Company’s Advantage Rigless ESP system was successfully pulled and reinstalled at a ConocoPhillips West Texas well and has been in continuous service for more than 180 days.


17 Apr 2014 | 8:07 am EDT

Fracing sand spurs silos for rail transport

SOUTHLAKE, Texas (Bloomberg) -- The U.S. shale oil boom is putting millions of tons of sand onto North American railroads, enabling carriers to pack trains full instead of hauling just a handful of cars at a time. With help from Union Pacific Corp. and Warren Buffett’s BNSF Railway Co., the sleepy silica sand industry that once mostly supplied glassmakers now ships more than 20 million tons of the material a year. Buyers including Halliburton Co. and Schlumberger Ltd. use the sand in hydraulic fracturing at oil fields in Texas and North Dakota.


17 Apr 2014 | 7:50 am EDT

Keystone opponents winning Hollywood endorsements

WASHINGTON, D.C. (Bloomberg) -- Foes of the Keystone XL oil pipeline appear to be winning the battle for endorsements from Hollywood celebrities and prominent personalities. Actors Mark Ruffalo, Robert Redford, Kyra Sedgwick, Jared Leto, and Julia Louis-Dreyfus have come out against the $5.4 bn project. “Splash” star Daryl Hannah has been arrested at least three times at Keystone protests -- once after chaining herself to the White House fence. This week, former President Jimmy Carter joined nine other Nobel Peace Prize laureates in urging President Barack Obama to reject the project.


17 Apr 2014 | 6:45 am EDT

Ex-Cobalt executive may list Aussie shale explorer in U.S.

SYDNEY (Bloomberg) -- Tamboran Resources Ltd., an Australian shale explorer led by a former Cobalt International Energy Inc. executive, is considering going public in the U.S. as early as the second half of this year. Tamboran is studying a reverse merger in the U.S., a deal that involves a private firm purchasing a public company to gain a listing, or an initial public offering in Singapore or Australia, Joel Riddle, CEO of the Sydney-based company, said in a phone interview.


17 Apr 2014 | 5:45 am EDT

Schlumberger boosts profit as explorers seek technology edge

HOUSTON (Bloomberg) -- Rising demand for more advanced oilfield technology to tap hard-to-reach crude around the world spurred a record first-quarter profit for Schlumberger Ltd.


17 Apr 2014 | 3:30 am EDT

Osage spuds first operated horizontal Woodford well

Osage Exploration & Development spuds first operated horizontal Woodford Well SAN DIEGO, California Osage reported the spudding of the Osage Whitten 1 2WH, the Company' s first operated horizontal Woodford well in Logan County, Oklahoma.The Osage Whitten 1 2WH, located in


16 Apr 2014 | 9:53 pm EDT

NOIA honors Danos with safety awards

NOIA honors Danos with Safety Awards WASHINGTON The National Ocean Industries Association (NOIA) presented Danos with the 2014 NOIA Safety in Seas (SIS) Culture of Safety Award.Danos won the Culture of Safety Award for the company’s commitment to safety throughout


16 Apr 2014 | 8:48 pm EDT

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