Italian energy group Eni said it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast.» Read More
Oil prices may not recover until after Q1 2016 but it’s not all bad news for the sector, says oil analyst Andy Lipow. Here's how to play it.
John Kilduff explains how oil, already in a bear market, could drop to the mid-$20s per barrel.
John Kilduff, Again Capital shares his outlook on oil as crude hits a six and a half year low. And BlackRock's Heidi Richardson explains why she thinks it's too early to jump into oil stocks.
The proposal would cut methane emissions from the oil and gas sector by 40 to 45 percent over the next decade.
EPA to call for a 40 - 45% reduction in methane emissions from oil and gas drilling by 2025.
CNBC's Kate Kelly reports natural gas drilling company Samson Resources will file for bankruptcy in September.
An expected drop in crude prices to $30 to $40 a barrel might not be enough to balance global oil markets, analyst Jamie Webster says.
OIL DRILLERS ADD RIGS, EVEN AS PRICE DIVE ANEW- BAKER HUGHES.
Aug 4- Contract oil and gas driller Nabors Industries Ltd forecast a decrease in third-quarter results, saying it expected current depressed market conditions to prevail for an extended period. Revenue from Nabors' drilling operations in the United States- the company's biggest market- fell about 40 percent in the quarter ended June 30. Net loss attributable...
Aug 4- Contract oil and gas driller Nabors Industries Ltd posted a second-quarter loss compared with a profit a year earlier, hurt by depressed drilling activity in North America due to weak oil prices. Net loss attributable to Nabors was $36.8 million, or 13 cents per share, in the quarter ended June 30, compared with a profit of $64.4 million, or 21 cents per share, a...
Chevron earnings fell well below expectations Friday, raising new questions about shareholder returns at a time when oil prices are sliding again.
Michele Della Vigna, head of European energy research at Goldman Sachs, discusses what to look out for in oil stocks and the impact of shale on the industry.
CNBC "Halftime Report" trader Jim Lebenthal is buying an energy stock he believes will move higher regardless of the direction of oil prices.
OIL DRILLERS ADD RIGS THIS WEEK DESPITE CRUDE PRICE COLLAPSE- BAKER HUGHES.
July 23- Hercules Offshore Inc, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, said on Thursday it plans to file for creditor protection in about three weeks and emerge several months later with a restructured balance sheet. The company's balance sheet lists $266 million in current assets and $1.35 billion in current...
Companies are plowing billions into infrastructure projects, making long-term bets that demand for nat gas will keep growing.
July 23- Land rig provider Patterson-UTI Energy Inc swung to a quarterly loss as oil and gas producers cut back on drilling amid a steep drop in crude prices. The company reported a net loss of about $19 million, or 13 cents per share, in the second quarter ended June 30, compared with a profit of $54.3 million, or 37 cents per share, a year earlier. Revenue fell nearly 38...
OIL DRILLERS CUT RIGS THIS WEEK AS CRUDE PRICES COLLAPSE- BAKER HUGHES.
As oil slid on speculation of an Iran nuclear deal, Dennis Gartman of "The Gartman Letter" said one group could be a big beneficiary.
OIL DRILLERS ADD RIGS FOR A SECOND WEEK IN A ROW- BAKER HUGHES.