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Oil and Gas Drilling Commodity Market Trades, Charts

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  • LONDON, June 29- Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of drillers operating in region. He said Argentina was conducting a "flagrant and unacceptable campaign to strangle the Falkland Islands...

  • A threat to the US oil boom no one's talking about Saturday, 27 Jun 2015 | 11:28 AM ET
    Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    The sharp drop in oil prices is squeezing drilling operations in North Dakota and the Bakken Formation. Will players in the region survive?

  • Drill, drill, drill! And then maybe go bankrupt Tuesday, 16 Jun 2015 | 12:32 PM ET
    Oil workers using chain to position drill on drilling platform.

    Bankruptcy and dealmaking has yet to hit the U.S. oil patch, but drillers face another crucial test of their health this fall.

  • Lower oil prices may cut into skilled energy jobs Thursday, 11 Jun 2015 | 3:44 PM ET
    Drilling in the Bakken shale formation outside Watford City, N.D.

    Lower oil prices could exacerbate potential labor shortages in the energy industry, according to The Times-Picayune.

  • Big oil, big quakes? Wednesday, 10 Jun 2015 | 5:42 PM ET
    Workers enter an Exxon Mobil refinery

    CNBC's Morgan Brennan reports on Exxon Mobil's fielding of questions about fracking activities at a state hearing. Discussing how big of a problem this could be for oil, with Pavel Molchanov, Raymond James.

  • June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. In the latest week, drillers added one oil rig in the Permian basin in West Texas and eastern New Mexico, the biggest and fastest growing U.S. shale oil basin.

  • June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. With some OPEC countries like Saudi Arabia and Iraq pumping oil at record or near record levels, the group is trying to keep crude prices low enough to support global oil...

  • OPEC keeps pumping Friday, 5 Jun 2015 | 8:00 AM ET
    OPEC keeps pumping

    OPEC decides to leave oil production levels where they are.

  • EPA on fracking: No 'widespread' impact on water Thursday, 4 Jun 2015 | 1:29 PM ET
    Oil pumps wells Monterey Shale fracking

    The EPA said in a Thursday report that it found no evidence fracking has a "widespread" impact on drinking water.

  • Pickens: Saudis bluffing on oil production Thursday, 4 Jun 2015 | 9:04 AM ET
    T. Boone Pickens.

    T. Boone Pickens says Saudi production is topping out at about 10 million barrels per day and oil prices will return to $70 per barrel by year end.

  • OSLO, May 28- Seadrill, the world's second biggest offshore oil driller, predicted years of pain for the global rig market on Thursday as energy companies continue to pare spending despite a recent lift in oil prices. It reported first-quarter core earnings, or EBITDA, of $711 million, beating expectations for $638 million. "Drillers are in a something like...

  • Oil to stabilize amid production worries: Expert Tuesday, 26 May 2015 | 4:23 PM ET
    A worker at Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian Basin outside Midland, Texas, on Dec. 12, 2014.

    Despite falling Tuesday amid fear of production hikes, crude oil prices may stabilize based on recent trends, an expert said.

  • The next fracking boom could be in Saudi Arabia Tuesday, 26 May 2015 | 12:25 PM ET
    Workers at an oil facility near Riyadh, Saudi Arabia.

    Technology made the US oil shale boom. New technology may allow oil giants Saudi Arabia and Norway to become the next fracking boomers.

  • May 20- Oilfield services provider Halliburton Co and contract driller Transocean Ltd said they have settled all claims with BP Plc related to the 2010 Gulf of Mexico oil spill. Halliburton, which did the cementing work for BP's well, had earlier blamed BP's decision to use only six centralizers for the blowout that spilled millions of barrels of oil for 87 days.

  • Smog over Beijing, China.

    Governments globally charge prices for energy that do not account for its harmful side effects, amounting to a $5.3 trillion subsidy, the IMF said.

  • Crowdfunding in the oil patch Friday, 15 May 2015 | 6:40 AM ET
    Crowdfunding in the oil patch

    Phil Racusin, EnergyFunders CEO, discusses why his company is financing drilling opportunities in small oil.

  • LONDON, May 12- Oil drillers Falkland Oil and Gas and Rockhopper resumed normal drilling work on Monday at the Isobel Deep well in the Falkland Islands following the repair of a blow-out preventer control system, the companies said. "The Isobel Deep well is expected to take approximately 15 days to complete," said Falkland Oil and Gas in a statement.

  • Oil's up; fracking back? Wednesday, 6 May 2015 | 3:16 PM ET
    Fracking equipment at an Anadarko Petroleum site near Brighton in northern Colorado.

    With oil prices up, will companies dive back into drilling and fracking? Insight, with John Kilduff, Again Capital, and Dennis Gartman of the Gartman Letter.

  • May 6- Driller Rowan Cos Plc reported higher-than-expected quarterly profit and revenue, helped by the deployment of three new ultra-deepwater rigs. Rowan's net income more than doubled to $123.7 million, or 99 cents per share, in the quarter ended March 31. Analysts on an average had expected earnings of 70 cents per share and revenue of $533.1 million,...

  • Is fracking to blame for US earthquakes? Monday, 4 May 2015 | 6:36 PM ET
    Is fracking to blame for quakes? Maybe not: Pro

    Justin Rubinstein, seismologist at U.S. Geological Survey, explains why waste water injection is responsible for the rise in earthquakes in the U.S.