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...» Read More
As tensions in the Ukraine rise, European sanctions are squeezing Russia's energy sector. Production is flat, and oil deliveries are down.
About 25% more LNG exports will hit the world market by 2020, and this will transform the energy market, predict CEOs at CERAWeek.
April 23- Oil and gas driller Helmerich& Payne Inc reported a better-than-expected quarterly profit as demand for its high-tech rigs remained resilient despite the slump in crude prices. Net profit fell to $149.5 million, or $1.37 per share, in the second quarter ended March 31, from $174.6 million, or $1.59, a year earlier. Excluding gains of about $47 million...
April 23- Land rig provider Patterson-UTI Energy Inc reported a 74 percent drop in quarterly profit as weak oil prices weighed on drilling activity and costs rose. Net income fell to $9.1 million, or 6 cents per share, in the first quarter ended March 31, from $34.8 million, or 24 cents per share, a year earlier. The Snyder, Texas- based company's revenue fell 3 percent to...
Mexico is opening its state-run oil industry to outside investors for the first time in 75 years in a bid to match the U.S. oil-boom story.
April 21- Contract driller Nabors Industries Ltd's quarterly revenue fell 10.5 percent, hurt by slower drilling activity in North America, and the company said it had cut its workforce by more than 18 percent since the end of 2014.. The company reported revenue of $1.42 billion in the quarter ended March 31, compared with the analysts' average estimate of $1.34...
April 21- Contract driller Nabors Industries Ltd said it reduced its global workforce by more than 18 percent since the end of 2014 as the slump in oil prices hurt drilling activity. Nabors said on Tuesday it cut its workforce by 41 percent in its U.S. drilling operations and 26 percent in Canada. The company's revenue fell 10.5 percent to $1.42 billion in the first...
BP CEO Bob Dudley said oil companies need to adjust to new realities, including a cheap crude environment and tougher regulations.
Pioneer Natural Resources CEO Scott Sheffield says he's optimistic the U.S. will lift an oil export ban after recent meetings with lawmakers.
Oil CEOs expect low oil prices to linger for at least a few years, due to a market flush with private financing and productive wells.
Oklahoma's earthquakes are racking up millions of dollars in damages and unleashing a political and financial maelstrom.
The oil-price crash has upset the most fundamental assumptions in long-term plans to meet the world's energy needs, says the CERAWeek chair.
Mitch Jurisich, the owner of Jurisich Oysters LLC, speaks to CNBC about how the oyster fishing business has fared five years following the BP oil spill.
Alaska Sen. Lisa Murkowski plans to introduce legislation this year to end the ban on US oil exports, in place since the 1970s.
CNBC's Jackie DeAngelis reports on recovery 5 years after the disastrous BP Gulf oil spill.
US oil companies have quickly become the new swing factor in the oil market. How they react to the crash will be key to future oil prices.
Energy companies are in talks with bank lenders about borrowing money, which is prompting some to dump out of their bank loans, reports CNBC's Kate Kelly.
Shell's takeover bid for BG may be a harbinger of more deals for Australia's resources sector, which has taken a body blow from low commodity prices.
Shell’s $69 billion bid for BG Group could increase its exposure to Brazil at a time when the country appears to be destabilizing and stagnating.
U.S. oil inventory and capex falls may boost prices modestly near term, but production growth is still too strong for substantial gains, Goldman said.