March 27- Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Drillship operators face a more brutal hit to margins than they did after the oil-price crash of 2008 because of the huge cost of maintaining the more than $10...» Read More
Oil prices could continue to feel pressure, if the global economy turns out to be weaker than expected and oil production continues to grow in places like the U.S., Brazil and Iraq, according to James Burkhard, vice president and head of oil market research at IHS.
The sources of transformation and its impact on our energy world will be the focus this week as more than 2,200 participants from more than 50 countries convene in Houston for the 32nd IHS CERAWeek energy conference.
The study, funded by Alfred P. Sloan Foundation, showed a cumulative 44 trillion cubic feet of recoverable reserves from Barnett, with production declining through the year 2030. T
Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.
The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.
In a domestic energy market developing faster than just about anyone can remember, the key is in finding an edge.
There are no easy solutions, no viable quick fixes, and no magic fluids for the world's energy challenges. Yet the future isn't all doom and gloom, reports Oilprice.com.
Addison Armstrong, Tradition Energy, discusses whether the storm will impact energy prices.
Next month will determine the eventual fate of the Falkland Islands—and the 1.4 billion barrels of oil so far discovered there. The resolution will come through a referendum among the islanders themselves. Argentina isn't happy about that.
CNBC's Kate Kelly breaks down the numbers on the oil driller, which reported a solid fourth quarter.
Manufacturing in the U.S. could take off on "the cheapest energy in the world," BP Capital Founder T. Boone Pickens told CNBC.
CNBC's Sharon Epperson reports that even though gas prices have pulled back, futures are up over where they were a year ago. For the past 33 days, retail gas prices have climbed, she reports, and the national average is $3.75/gallon.
The oil and gas game can be a tricky one for "junior" companies, but if played right, the pay-off can be massive. One CEO explains.
Beijing’s air pollution has soared past levels considered hazardous by the World Health Organization. And now it's not an issue that only the Chinese are worrying about, Oilprice.com says.
Egypt hunger for energy will play a role in the instability that has foreign investors asking whether they should quit the country before the other boot drops.
A consortium that deals with security issues is warning about possible threats to oil installations in Libya.
Jonathan Swinney, CFO of EnQuest, tells CNBC how the oil company plans to use the capital from its retail bond issuance.
The biggest mistake the energy industry makes is to ignore regional and geopolitical dynamics. It's complicated, and the corporate world doesn't have the patience for it.
In its report for January, the Organization of Petroleum Exporting Countries said the United States in 2013 may post the highest oil supply increase among non-member states.