ON THE GULF OF MEXICO— Five years after the nation's worst offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. The number of deepwater drilling rigs has increased, too, from 35 at the time of the Macondo blowout to 48 last month, according to data from...» Read More
Oct 30- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit as its rig systems business readied more oil and gas wells for production. Land drillers Nabor Industries Ltd and Patterson-UTI Energy Inc reported a jump in revenue last week, helped by increased drilling activity.
Oct 30- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit, helped by strong performance in its rig technology business that readies oil and gas wells for production. Net income attributable to the company rose to $699 million, or $1.62 per share, in the third quarter ended Sept. 30, from $636...
Greenlight Capital's David Einhorn reported a 9.99 percent stake in Civeo and said that its CEO should be replaced on Thursday.
Oil and gas firms are "routinely" underpaying their workers, according to an investigation from ProPublica.
The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash
The age of robots as mankind's master is beginning, but don't be Terminator-terrified. Profit from the rise of the machines.
Pipeline companies are viewed by Wall Street as engines of growth, especially as the oil boom in the U.S. continues.
Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.
BP will use unmanned aircraft systems to conduct aerial surveys of Alaska's North Slope.
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.
Oil-by-rail shippers have mostly ignored U.S. government requests for data that aim to prevent mishaps, officials said on Friday.
State regulators have linked earthquake activity in Ohio to fracking, confirming the suspicions of activists pushing for a ban.
Barry Davis, EnLink Midstream president & CEO, discusses details of the massive deal that mergers Devon Energy with Crosstex Energy and shares his thoughts on processing areas rich in shale oil. The biggest headwind is managing regulations, says Davis.
Creating an export-driven natural gas renaissance in the United States requires building infrastructure—and a lot of it.
BP won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill.
Insight on the day's major selloff, with Ira Epstein, The Linn Group; Frank McGhee, Integrated Brokerage Services; Stephen Schork, The Schork Report; Komal Sri-Kumar, Sri-Kumar Global Strategies; and CNBC's Bob Pisani & Sharon Eppesron.
General Electric is paying $3.3 billion for Lufkin Industries to expand its oil and gas equipment business, reports CNBC's Mary Thompson. What this means for the company, with Daniel Holland, Morningstar, and Christopher Glynn, Oppenheimer & Co.
General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.
Two pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising questions about whether the government is adequately monitoring U.S. pipelines. The NYT reports.
Addison Armstrong, Tradition Energy, discusses whether the storm will impact energy prices.