Of the major oil- and gas-producing states, Texas gained 12 rigs, Pennsylvania gained five, Oklahoma gained four and Colorado and Alaska each gained one. Kansas lost three rigs and Arkansas, Ohio and West Virginia each lost one. California, Louisiana, New Mexico, North Dakota, Utah and Wyoming were unchanged.» Read More
LONDON, March 13- Royal Dutch Shell will cut spending by a fifth and lay off staff at its American exploration and production business, the company said on Thursday, in another sign that oil majors are struggling to profit from the booming U.S. shale sector.
*LNG vessel rates halve to $70,000/ day. LONDON, March 11- Deliveries of new gas tankers have created a glut that is threatening to tip some operators into losses, just as other shipping markets emerge from their worst downturn in decades. Earnings have halved to around $70,000 per day over the past year, leaving only a thin profit margin.
ES SIDER, Libya, March 11- A North Korean-flagged tanker that loaded crude oil at a rebel-held port in eastern Libya is now in international waters, rebels at the harbour and a state oil company official said on Tuesday.
TRIPOLI, March 10- Libyan navy and allied militia forces have surrounded a North Korea- flagged tanker just outside an eastern port held by rebels, a navy spokesman said on Monday. The Morning Glory has loaded crude oil worth $30 million at the Es Sider port, bypassing Tripoli authorities, despite a government threat to bomb it should it sail away.
*Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country's petroleum wealth.
*Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tries to export oil from a rebel-controlled port east of Tripoli, in a major escalation of a standoff over the country's petroleum wealth.
*Navy threatened tankers loading crude at seized ports. TRIPOLI, March 8- Armed protesters controlling ports in eastern Libya said on Saturday they had started independently exporting oil, bypassing the central government in a major escalation of their blockade to demand a share of the nation's petroleum wealth.
LONDON, March 4- Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programmes in the Middle East and Africa. The boom is being led by the Middle East, where the number of rigs operating has tripled since 1999, and Africa, where the rig count is up almost four times.
Gridlock in Washington on fracking, the minimum wage, and immigration force states to make their own rules. Fiscal Times reports.
BP won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill.
One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms recently awarded exploration rights lacked one core skill - not one has drilled a gas well before.
For the nearly half of Americans expecting a refund on their taxes this year, four ideas for maximizing the money that's coming back.
A U.S. judge accepted an agreement by BP to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history.
Chesapeake Energy, battling a governance crisis and financial strain, said that CEO Aubrey McClendon is leaving the company.
An oil drilling rig owned by Royal Dutch Shell ran aground in Alaska after drifting in stormy weather, highlighting the serious risks of working in an offshore region where some in the industry see huge potential.
OptionMonster’s tracking systems detected a giant upside trade in SM Energy, the wildcat oil company, which operates in Texas, Louisiana, and the Rockies.
President Obama has said the U.S. has a supply of natural gas to last nearly 100 years. But it turns out geologists and other researchers disagree on that supply figure, which has huge implications for America's energy policy.
U.S. energy producers' ability to pull natural gas from shale may have contributed to a price-dampening oversupply for now, but it’s also triggering tens of billions of dollars in capital investments.
The U.S. natural gas boom has kicked off a gold rush among companies trying to cash in on minimizing the industry’s environmental footprint.