Some experts think Russia is the key to resolving the oil glut with OPEC. CNBC's Dina Gusovsky reports on Russia as the oil 'wild card.'» Read More
"Schlumberger basically just lowered the boom," CNBC's Jim Cramer said.
Oil prices were rising in early Asian trading on Monday after U.S. drillers cut oil rigs for six straight weeks.
OIL DRILLERS CUT RIGS FOR A 6 TH WEEK IN A ROW DESPITE RISING CRUDE PRICES- BAKER HUGHES.
Oil inventories appear set to balance for the first time in eight quarters, and natural gas could surge 40 percent, Francisco Blanch said.
St. Gregory's University in Oklahoma owns and leases out 800 properties to oil and gas firms, despite Pope Francis’ call to arms against fossil fuel.
Royal Dutch Shell abandoned an Arctic drilling campaign off the coast of Alaska and is preparing to take billions of dollars in writedowns.
SAO PAULO, Sept 24- Transocean Ltd., a top offshore drilling company, has been mentioned in testimony in a corruption investigation focused on Brazil's state-run oil firm Petroleo Brasileiro SA, Brazilian court documents showed. According to court documents made public this week, Musa told prosecutors he began receiving payments in 2012 after Transocean won...
These countries circling the Arctic hold valuable stakes in what could be very oil-rich territories.
The race to claim stakes in the melting Arctic is heating up. That’s because a quarter of the world’s energy reserves are at play.
OIL DRILLERS CUT RIGS FOR A THIRD WEEK IN A ROW ON WEAK CRUDE PRICES- BAKER HUGHES.
Oil fell again this week, but one prominent energy trader says we’re finally about to see the bottom for oil.
OIL DRILLERS CUT 10 RIGS THIS WEEK WITH CRUDE PRICE DECLINE- BAKER HUGHES.
The DOJ complicates Halliburton's buyout of peer oilfield services company Baker Hughes.
Sept 8- Offshore driller Ensco Plc said on Tuesday it would cut an additional 14 percent onshore support jobs to reduce costs amid weak oil and gas prices. Ensco said in February it had cut onshore jobs by 50 percent. Ensco said it now expects to generate a combined savings of $57 million on an annual basis, up from $27 million earlier.
ZURICH, Sept 3- A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices. Christened the Hughes Glomar Explorer, after billionaire Howard Hughes was brought in on the CIA's deception, the 619- foot vessel eventually became part of the fleet of ships used by Swiss company...
A type of high-intensity hydraulic fracturing is spreading through the American oil patch, boosting productivity for U.S. drillers.
U.S. drillers have been living on the Fed's easy money, but their credit supply is about to run dry, Stephen Schork says.
U.S. crude capped its best three-day gain in 25 years Monday, but traders may see $30 oil again this year, Anthony Grisanti said.
Italian energy group Eni said it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast.
Jessica Ground, U.K. equities fund manager for Schroders, talks about the merger between Shell and BG, and discusses other opportunities in the equities market.