The world's No.1 oilfield services provider, Schlumberger NV, said on Friday its revenue rose for the quarter.
SAO PAULO, March 31- Odebrecht Ôleo& Gás SA, the offshore oil drilling company owned by Brazil's Odebrecht SA, has won temporary relief from investors despite pledging to honor interest payments on a bond a week after deadline. In a Friday statement, the company known as OOG said investors would receive on April 7 an interest payment on the company's 6.75 percent...
SAO PAULO, March 31- Odebrecht Ôleo& Gás SA, the offshore oil drilling company owned by Brazil's Odebrecht SA, has won a temporary relief from a relevant group of bondholders that will help it pay for operational and capital expenses, signaling progress in talks aimed at restructuring $5 billion in debt. In a Friday statement, the company known as OOG said...
Angus Rodger of Wood Mackenzie says the deepwater oil drilling sector has gradually cut costs by 20 percent since 2014.
March 28- International offshore driller Ocean RIG UDW Inc filed for Chapter 15 bankruptcy protection in a U.S. court late Monday, hit by cancellations as major oil producing customers withdrew from deep water projects amid falling oil prices. The Cayman Islands holding company, which spent heavily on new drill ships earlier in the decade, said lower oil prices...
SAO PAULO, March 27- Vale SA surprised investors with the appointment of Fabio Schvartsman as chief executive officer on Monday, choosing a commodities industry veteran to lead transformation of the world's No. 1 ore producer into a company with dispersed share ownership. Schvartsman, who has been the CEO of Klabin SA, Brazil's largest paper and cardboard...
Discussing the Keystone XL Pipeline approval and the outlook for U.S. energy commodities with John Kilduff, Again Captial founding partner and CNBC contributor.
CNBC's Jackie DeAngelis reports from Nebraska about President Trump's approval for the Keystone XL Pipeline and how it will affect oil prices.
CNBC's Jim Cramer share his thoughts on why he is not too excited by the State Department's approval for TransCanada to build the Keystone Pipeline.
Here's why oil prices will continue to fall, at least in the short-term, says Andy Lipow.
Kate Richard, Warwick Energy CEO, discusses the plunge in oil prices and what it means for energy producers.
Despite OPEC's efforts to curb crude oil output, rising inventories in the US and drilling activity are dragging down investor spirits.
The Trump administration's war on regulation and reported cuts to agency budgets are obstacles to making clean coal a reality.
It has been a troubled week for oil prices, which dropped to below the $50 a barrel threshold for the first time this year.
Royal Dutch Shell's sale of oil sands assets is part of a plan to create a smaller carbon footprint in the future.
The US is in the early stages of a manufacturing renaissance, thanks to cheap and plentiful natural gas.
Oil and gas CEOs expressed optimism about a pro-fossil-fuel president but appear to be on the fence about GOP tax and trade policy.
OPEC's production cut is not yet driving down supply, meaning that $50 per barrel oil may be a market top, analysts told CNBC on Thursday.
Even as the oil industry ramps up production, oil executives are much more cautious than the traders that got crushed in Wednesday's sell-off.
OPEC and non-OPEC oil producers, in an impromptu press briefing, reaffirmed their commitment to their production agreement.