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Oil and Gas Drilling Commodity Market Trades, Charts

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  • Are oil producers running out of closet space? Wednesday, 25 Feb 2015 | 5:51 PM ET
    Oil tanks and pump jacks are seen in an oil field near Bakersfield, Calif.

    Oil supply running ahead of demand hasn't just pressured prices, it's also filling up storage space, potentially pushing crude toward another leg down.

  • Unit reports 4Q loss Tuesday, 24 Feb 2015 | 11:58 AM ET

    TULSA, Okla. _ Unit Corp. on Tuesday reported a fourth-quarter loss of $42.6 million, after reporting a profit in the same period a year earlier. The Tulsa, Oklahoma- based company said it had a loss of 88 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

  • European shale dream dying before it started Monday, 23 Feb 2015 | 1:14 PM ET
    Employees during a press visit to the first shale gas exploring site started by Chevron in Pungesti, Romania, April 2014.

    Chevron announced it is relinquishing concessions in Romania, the last of its shale gas projects in Europe.

  • HOUSTON, Feb 20- Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand. A Transocean official declined to comment. According to a Transocean presentation, its fleet is about 25 percent larger than...

  • Hedge funds dig deep in energy company bets Thursday, 19 Feb 2015 | 7:24 PM ET

    Activist hedge funds are buying stakes in North American oil and gas producers whose stocks have fallen because of the collapse of energy prices.

  • Oil firms' new strategy: Drill smarter, not more Thursday, 19 Feb 2015 | 2:01 PM ET

    Falling oil prices have helped give rise to tech firms that focus on making drilling more efficient.

  • The U.S. Army Corps of Engineers is preparing to release a study for public comment that suggests expanding the Port of Nome as a first step in improving infrastructure along Alaska's west and north coast. Nome is south of the Bering Strait but far closer to Arctic waters than the nearest Coast Guard base in Kodiak, an island east of the Aleutian Chain.

  • Oil rig driller Transocean lets go of CEO Monday, 16 Feb 2015 | 6:38 PM ET

    The chief executive of Transocean Ltd. has agreed to resign as the head of one of the world's largest oil drilling rig companies. Steven Newman endured a rocky five years leading Transocean, which has seen its stock price more than halve since June to $19.05 as oil prices have plunged. The company also ran for BP the troubled Deepwater Horizon rig, which exploded...

  • Oil may fall again … but buy energy stocks? Monday, 16 Feb 2015 | 12:32 AM ET
    A worker checks the valve of an oil pipe at an oil field near the village of Nikolo-Berezovka, Russia.

    Oil's recovery may be short-lived, but some analysts believe now is the time to get back into energy stocks.

  • OSLO, Feb 13- Seadrill, the world's third-biggest offshore driller, cut $1.1 billion worth of Petrobras orders from its backlog due to the Brazilian firm's troubles, sending its shares 13 percent lower. Seadrill, which had an order backlog of $20 billion at the end of the third quarter, announced the contract extensions in November in a relief to investors as...

  • Is it time to get back into energy bonds? Thursday, 12 Feb 2015 | 10:24 PM ET

    Energy bonds took a hit from fears low oil prices would spur a surge in defaults, but most issuers should stay resilient, Goldman Sachs said.

  • The hidden factor that may slash US oil output Thursday, 12 Feb 2015 | 2:19 PM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    The life cycle of U.S. shale oil wells could put a question mark over American output and price stability.

  • *Q4 adjusted loss of 23 cents/ share vs estimate of 32 cents. *Company had cut 15 pct jobs, shut 4 rigs in Gulf of Mexico. Larger rival Diamond Offshore Drilling Inc and land driller Patterson-UTI Energy Inc have warned of a challenging 2015..

  • US needs to try harder to win the oil war: Insana Wednesday, 11 Feb 2015 | 12:19 PM ET
    A worker walks at the Nahr Bin Umar field, Iraq.

    OPEC is claiming victory in the latest oil war. Here's what the US needs to do, says Ron Insana.

  • Top oil analyst: The worst is yet to come Wednesday, 11 Feb 2015 | 7:33 AM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    Oil prices will get a heck of a lot worse before they get better, a top industry analyst said on Tuesday.

  • Halliburton to cut up to 8% of jobs as oil falls Tuesday, 10 Feb 2015 | 2:57 PM ET

    Halliburton will layoff between 6.5 and 8 percent of its global staff, the oil field services company said Tuesday.

  • Oil layoffs could come back to haunt the industry Tuesday, 10 Feb 2015 | 11:10 AM ET
    Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas.

    Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.

  • LONDON, Feb 9- Latin America's oil producers have become caught in the crossfire between OPEC and the North American shale drillers. The number of active land rigs has fallen sharply in OPEC members Ecuador and Venezuela as well as non-OPEC Bolivia, Colombia and Mexico. Even OPEC producers such as Petroleos de Venezuela and Petroecuador are being forced to cut...

  • The shale stock play your grandmother would love Saturday, 7 Feb 2015 | 9:00 AM ET

    Shale analyst Mike Kelly is so confident in his top oil pick that even his grandmother is taking his advice and buying the stock.

  • NEW YORK, Feb 4- U.S. stocks were poised to dip at the open on Wednesday, in the wake of a two-day rally for the S&P 500, as oil prices declined and labor market data disappointed. U.S. crude was down 3.3 percent to $51.32 and Brent was off 2.6 percent to $56.43. Contract driller Transocean fell 1.9 percent to $18.05 in premarket trade.