Sept 18- Oil and gas producer Range Resources has been fined more than $4 million for environmental violations in Pennsylvania, state environmental authorities said on Thursday, the largest fine leveled against a shale gas operator in the state.» Read More
Chinese energy execs recently made bullish statements about shale growth there. But that may have been just to appease China, this analyst says.
*FTSEurofirst 300 flat, Euro STOXX 50 down 0.2 pct. *Seadrill falls after below-forecast earnings. Declines in individual shares included UK grocers Sainsbury and Tesco slipping 2.2 percent and 1.3 percent respectively after data from Kantar Worldpanel showed UK grocery market sales rose 0.8 percent in the 12 weeks to Aug. 17, a 10- year low.
*FTSEurofirst 300 up 0.05 pct, Euro STOXX 50 down 0.2 pct. *Seadrill falls after below-forecast earnings. *Marine Harvest results hit by Russian sanctions.
Mexico's new energy reforms will not only increase foreign investment, but will also help domestic firms across the economy.
As booming shale pushes U.S. oil production to near 9 million barrels per day, some say U.S. strategic interests are being realigned.
As the U.S. muscles its way back into the very top echelon of global oil and gas production, Alaska is being left in the dust.
The Middle East and other oil-producing countries are hotbeds of instability. So why is oil falling instead of rising?
A major benefit of the U.S. shale boom is how deeply it has cut into the vast the trade imbalance, bolstering the dollar.
Russia and Iran have yet to agree on details of an oil-for-food deal, highlighting global pressures on both countries.
Russia's Energy Ministry said it was withdrawing Minister Alexander Novak's statement on cooperation with Iran on crude oil shipments.
Chevron reported second-quarter earnings on Thursday that beat Wall Street's expectations.
ExxonMobil reported a stronger-than-expected profit on Thursday as higher prices for its crude and natural gas offset a 6 percent drop in production.
July 29- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, forecast falling demand for deepwater rigs, overshadowing robust demand for jack-up rigs, used in shallower waters, as well as land rigs.
The Bakken, Eagle Ford and Permian Basin are generating more than a million barrels of oil per day each, a third of U.S. daily production.
U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.
Even as U.S. shale companies pursue mergers, analysts don't expect them to become echoes of Big Oil deals that eventually fell flat.
Big mergers are afoot. But is a major shale oil deal a sign of a strong market?
Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.
The United States is swimming in oil and gas. However, processing this bounty is posing a challenge to U.S. refiners.
The U.S. is producing vast amounts of oil—but isn't quite in Saudi Arabia's league just yet, according to experts.