Oil and Gas Exploration



  • Will oil save this country from economic slowdown? Friday, 9 Jan 2015 | 9:23 AM ET

    Concerns are deepening that the U.K. economy is slowing down, following a spate of disappointing data. Could any sector help?

  • These 2 U.S. drillers have 'great rocks': Analyst Thursday, 8 Jan 2015 | 3:09 PM ET
    Workers connect drill bits and drill collars on Endeavor Energy Resources’ Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, Dec. 12, 2014.

    Investors who believe in a long-term recovery in oil prices should look to exploration and production companies, said David Tameron.

  • How to play oil-based stocks  Thursday, 8 Jan 2015 | 11:50 AM ET

    Shell is definitely a choice for investors as the most "defensive" oil services stock currently says Jason Gammel, oil equities analyst at Jefferies.

  • HOUSTON, Jan 7- The world's oil and gas exploration companies are expected to cut capital expenditures 17 percent this year as a deep slump in crude oil prices takes a toll on budgets, according to a survey by Cowen and Company released on Wednesday. International spending is expected to tumble 15 percent this year, while spending under a $55 to $60 average price...

  • How low can we go? Picking the price of oil Wednesday, 7 Jan 2015 | 5:33 AM ET
    An employee of Indonesian oil company Pertamina walks on oil drums at the oil storage depot in Jakarta.

    Trying to pick the bottom of oil's surprise price plunge may be tougher this time around, with analysts turning to non-traditional indicators to make predictions.

  • Gas prices may hit 2009 low: GasBuddy.com Tuesday, 6 Jan 2015 | 10:19 AM ET
    Pumpjacks operated by XX pump petroleum from the ground on September 23, 2014 near Ruehlermoor, Germany.

    GasBuddy.com's annual gas price outlook says the U.S. average gallon price could hit lowest mark since 2009, USA Today reports.

  • OPEC trying to punish US oil frackers: Kovacevich Tuesday, 6 Jan 2015 | 9:01 AM ET
    Richard Kovacevich

    OPEC is looking to put a lid on the U.S. fracking boom, former Wells Fargo boss Richard Kovacevich tells CNBC.

  • That 3.0 quake in Ohio? Study pins it on fracking Monday, 5 Jan 2015 | 5:00 PM ET
    Work on a fracking site.

    Scientists at Miami University of Ohio identified what may be one of the biggest quakes that has resulted from fracking.

  • Fracking bans met with heavyweight response Sunday, 4 Jan 2015 | 5:44 AM ET

    When cities decide to ban fracking, they can face expensive, long court battles with energy companies and industry groups to defend the measures.

  • Key Civeo shareholder jumps ship Wednesday, 31 Dec 2014 | 5:35 PM ET
    A Civeo lodge in Canada

    Oil investors are paying attention to Civeo's recent plummeting as the drop points to indications of slower oil investments.

  • Frack no! Some locals lament NY ban: Report Monday, 22 Dec 2014 | 11:12 AM ET
    New York Governor Andrew Cuomo greets fracking protesters outside his office in New York December 17, 2014.

    While some are praising New York's decision to ban fracking, some business owners who were hoping for a drilling-related boom are disappointed.

  • What dominated the U.S. market moves last week?  Monday, 22 Dec 2014 | 5:50 AM ET

    Did the Fed's meeting and the oil rebound dominate markets last week? Alan Knuckman, chief options strategist at Bulls-Eye Options, disagrees, saying that "profit-taking" was behind the U.S. markets moves last week.

  • OPEC will not cut production  Monday, 22 Dec 2014 | 4:30 AM ET

    Neil Atkinson, head of analysis at Lloyd's List Intelligence, compares the price of oil to "a bungee jump", referring to its volatility in price, saying that the problem is no knowing how many more "bounces" there are in oil until the price is stabilised.

  • These companies can weather the oil pullback: Pro Friday, 19 Dec 2014 | 2:26 PM ET
    Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas.

    Oil at $50 a barrel is not going to scare some producers, and investors should focus on companies with core acreage in good basins, said Mike Kelly.

  • The price of cheap oil: Friedman  Friday, 19 Dec 2014 | 8:09 AM ET

    Thomas L. Friedman, The New York Times, weighs in on the global impact of falling crude prices.

  • Oil technology's hope for the future  Friday, 19 Dec 2014 | 7:34 AM ET

    Former Shell President John Hofmeister, shares his thoughts on New York's fracking ban, and natural gas as a transportation fuel.

  • Decision time in the Permian Basin  Friday, 19 Dec 2014 | 7:31 AM ET

    CNBC's Brian Sullivan reports on slowdowns and shutdowns as oil drillers and producers react to the drop in oil prices.

  • DAR ES SALAAM, Dec 19- Tanzania's gross domestic product has expanded by 32 percent after the state rebased its calculation to incorporate new sectors in the economy, including big discoveries of natural gas, officials said on Friday. Farming remains Tanzania's economic mainstay, while tourism, mining, communications and financial services are the other key...

  • *Aim to keep pressure on Russia over Ukraine. BRUSSELS, Dec 18- The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports. EU leaders, who meet in Brussels later on Thursday, will pledge to keep up pressure on Russia over its role in...