HOUSTON, Feb 3- The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow further as 2016 drags on. A 70 percent drop in crude prices since mid-2014 has affected not only National Oilwell Varco but dozens of others...» Read More
TransCanada launched legal action over Keystone pipeline rejection, alleging President Obama exceeded his power.
EDMONTON, Alberta, Dec 21- In an auction room a few dozen potential bidders scan a picture of a used oil drilling rig projected on the wall while an auctioneer raises his voice to drum up enthusiasm. Initial asking price on the rig- complete with water, mud and shale tanks- was C $150,000 and it eventually sold for C $52,500, a fraction of a cost of a new rig that can fetch...
U.S. House Republicans plan to file a government funding bill on Tuesday night that will include a provision lifting the U.S. ban on crude oil exports.
Halliburton has been forced to delay for a second time its planned $26bn acquisition of rival Baker Hughes, the Financial Times reports.
Shell said on Thursday it was reviewing its business interests in New Zealand as it seeks to streamline its portfolio amid a slump in energy prices.
Energy infrastructure MLPs are improving cash flow and paying out attractive dividends, Rob Thummel said.
After years of strong employment gains that outpaced total private sector growth, the energy sector is now the biggest job cutter of 2015.
Enrollment in petroleum engineering degree programs appears set to fall, raising concerns about a talent drought in future oilfield crews.
Dealmaking in America's oil patch has slowed to a trickle, while organized restructurings have ticked up among drillers.
There are great benefits to developing the Arctic's amazing wealth of resources, if done carefully, according to Iceland's president.
Nearly $43 million of U.S. taxpayers' money was spent on building a gas station in Afghanistan. NBC News reports.
WASHINGTON, Oct 16- U.S. industrial production fell for a second straight month in September on renewed weakness in oil and gas drilling, the latest indication that the economy lost momentum in the third quarter. Industrial output slipped 0.2 percent after a revised 0.1 percent dip in August, the Federal Reserve said on Friday. Economists polled by Reuters had...
*Iran paid $87 mln for Romanian rig to bypass sanctions. DUBAI, Sept 4- Four years after Iran spent $87 million to buy an oil drilling rig that was never delivered, the broker in the deal has given his side of a story he describes as a cautionary tale for Western investors impatient for an end to sanctions. Over the last several months, "the case of the missing rig" has...
*Iran paid $87 mln for Romanian rig to bypass sanctions. *Broker says he is targeted by interests in Tehran. DUBAI, Sept 4- Four years after Iran spent $87 million to buy an oil drilling rig that was never delivered, the broker in the deal has given his side of a story he describes as a cautionary tale for Western investors impatient for an end to sanctions.
Italian energy group Eni said it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast.
Stephen Gengaro, oil services analyst at Sterne Agee, discusses the $14.8 billion acquisition of drilling equipment maker Cameron International by oil services provider Schlumberger.
A Schlumberger-Cameron International deal may bring about an oil industry breakthrough.
Chevron earnings fell well below expectations Friday, raising new questions about shareholder returns at a time when oil prices are sliding again.
International energy, financial and manufacturing firms all stand to gain from lifted Iranian sanctions.
Lower oil prices could exacerbate potential labor shortages in the energy industry, according to The Times-Picayune.