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Oil and Gas Exploration

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  • Landmark fracking study finds no water pollution Tuesday, 16 Sep 2014 | 11:29 AM ET

    PITTSBURGH— The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.

  • Russia sanctions to stall Exxon’s Arctic oil plans Friday, 12 Sep 2014 | 8:31 PM ET

    Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.

  • Fracking or drinking water: Must we choose? Friday, 12 Sep 2014 | 11:35 AM ET
    A crewman watches over water tanks used for hydraulic fracturing at an Anadarko Petroleum Corporation site near Brighton, Colo.

    Many shale-rich countries face a dilemma, says a new report. It might mean a choice between fracking for energy or having enough water to drink.

  • Democrats need to stop being cowards on fracking Wednesday, 10 Sep 2014 | 10:56 AM ET
    President Obama addressed the threat posed by ISIS extremists, and immigration reform in a wide-ranging interview with NBC's Meet the Press.

    Fracking is one area of the economy that's creating jobs. Dems like Obama and Cuomo need to stop delaying these projects, says Jake Novak.

  • US boosts 2015 oil forecast as shale powers push Wednesday, 10 Sep 2014 | 8:26 AM ET
    Oil rig workers drill into the Bakken shale formation outside Watford City, N.D.

    The government jacked up its forecast for oil production next year as the shale boom continues to confound expectations of slower growth.

  • Goals for China's shale growth look unrealistic Thursday, 4 Sep 2014 | 12:28 PM ET

    Chinese energy execs recently made bullish statements about shale growth there. But that may have been just to appease China, this analyst says.

  • OSLO, Sept 4- Norwegian oil and gas producer Statoil has drilled a dry well in Angola's pre-salt formations and failed to find commercially viable resources in a well in the Martin prospect in the U.S.

  • Mexico to receive major economic jolt, experts say Tuesday, 26 Aug 2014 | 4:23 PM ET
    Enrique Peña Nieto, Mexico's president, speaks about energy reform at Los Pinos, the presidential residence, in Mexico City in August 2014.

    Mexico's new energy reforms will not only increase foreign investment, but will also help domestic firms across the economy.

  • An end to 'blood for oil'? Maybe not just yet Wednesday, 20 Aug 2014 | 2:26 PM ET
    Red Adair fire fighting crew work on a blown-out well damaged by retreating Iraqi soldiers in Al-Ahmadi oil field in southern Kuwait,  March 29, 1991.

    As booming shale pushes U.S. oil production to near 9 million barrels per day, some say U.S. strategic interests are being realigned.

  • US oil flourishes, but Alaska gets frozen out Sunday, 17 Aug 2014 | 11:00 AM ET
    Arctic National Wildlife Refuge, Alaska

    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 oil spike that wasn't: Prices defy turmoil Thursday, 14 Aug 2014 | 7:47 AM ET
    Pump jacks and wells on the Monterey Shale formation in California

    The Middle East and other oil-producing countries are hotbeds of instability. So why is oil falling instead of rising?

  • HONG KONG, Aug 14- Petrovietnam has bid for a stake in Murphy Oil Corp's Malaysian oil and gas assets, challenging other suitors including Mitsubishi Corp and Indian state oil companies, a person with direct knowledge of the plan said. Murphy Oil and other U.S. oil companies are reducing overseas holdings as oil and gas exploration prospects improve at home.

  • MEXICO CITY, Aug 13- Mexico will assign oil and gas exploration and production contracts to foreign and private companies between next May and September under a major sector overhaul, prioritizing areas that boost output quickly and leaving trickier deep water for later, the country's energy regulator said on Wednesday.

  • After offshore oil failure, Cuba shifts energy focus Monday, 11 Aug 2014 | 12:54 PM ET

    *Russia and China balk at deepwater oil exploration. HAVANA, Aug 11- Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.

  • LONDON, Aug 11- U.S. oil producer Hess Corp has suspended oil-drilling operations in Iraqi Kurdistan and started to evacuate non-essential staff amid spreading violence in the region, its minority partner Petroceltic said.

  • Exxon Mobil starts drilling in Russia's Arctic Saturday, 9 Aug 2014 | 7:08 AM ET
    Russia's Prime Minister Vladimir Putin (L) speaks with ExxonMobil President and Chief Executive Officer Rex Tillerson (R)

    Exxon Mobil began drilling for oil in the Arctic on Saturday in a project with Rosneft, despite sanctions imposed on the Russian company.

  • Oil narrows trade gap, taking heat off dollar Saturday, 9 Aug 2014 | 7:00 AM ET
    The Atlantic Queen tanker sits at an oil dock at the Port of Corpus Christi in Corpus Christi, Texas.

    A major benefit of the U.S. shale boom is how deeply it has cut into the vast the trade imbalance, bolstering the dollar.

  • SOCHI, Russia, Aug 9- U.S. oil giant Exxon Mobil began drilling for oil in Russia's Arctic on Saturday, which President Vladimir Putin praised as an example of cooperation, despite sanctions imposed on the Russian company by Washington over the crisis in Ukraine.

  • SOCHI, Russia, Aug 9- U.S. oil giant Exxon Mobil began drilling for oil in Russia's Arctic on Saturday, its partner Rosneft said, despite sanctions imposed on the Russian company by Washington over the crisis in Ukraine.

  • CALGARY, Alberta, Aug 8- Oryx Petroleum Corporation Ltd suspended drilling operations and evacuated staff from oilfields in Iraq's Kurdish region on Friday, as the United States launched air strikes against Islamic State militants attacking the region.