MARACAIBO, Venezuela, Dec 23- A legal strategy switch by Venezuela's state-owned oil giant PDVSA to portray itself as a victim in a massive bribery scheme detected by the U.S. government is unlikely to lead to compensation and may even backfire. In a case that shook the local oil industry, two prominent Venezuelan oil businessmen were arrested last year in the...
The Department of the Interior released a 2017 to 2022 leasing plan that blocked drilling in the Chukchi and Beaufort Seas off northern Alaska. It also limited petroleum development in the Cook Inlet off south-central Alaska. President Barack Obama, who last year became the first sitting president to cross the Arctic Circle, has made fighting climate change...
The merger of Baker Hughes and GE Oil & Gas creates a new type of oilfield services firm that defies easy comparisons to peers.
General Electric could announce a $30 billion deal with Baker Hughes as early as Monday, according to the Wall Street Journal (WSJ).
Shares of Transocean sank after the offshore oil services firm announced Reliance Industries has dropped a contract for one of its drilling ships.
Oklahoma is now the most earthquake prone state, according to federal data. In this case, the reason appears to be man-made.
CNBC's Brian Sullivan speaks with Brian Cothran, GE Oil & Gas, about the innovative technology GE is developing for energy companies to be more cost efficient.
Russia and Turkey will resume the Turkstream gas pipeline project as the two countries mend ties.
July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, said demand rose for some of its products and services in North America in recent weeks, as drillers put rigs back to work. "Like others in our space, we believe we are seeing some isolated green shoots of activity," Chief Executive Clay Williams said on a post-earnings call.
July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a quarterly loss, compared with a year-earlier profit, due to lower demand amid reduced drilling activity. Net loss attributable to the company was $217 million, or 58 cents per share, in the second quarter ended June 30, compared with a profit of $289 million, or 74 cents per...
Louisiana's finances were already in doubt when oil prices came crashing down, and now energy layoffs are denting income and tax revenue.
IEA chief Fatih Birol said on Sunday that oil prices may have bottomed, providing that the health of the global economy does not pose a concern.
Joe Petrowski, Mercantor Partners founder and former Gulf Oil CEO, discusses the energy sector including whether crude has bottomed.
With oil prices expected to trade lower for longer, more energy companies are set to face default, according to one CEO.
TransCanada launched legal action over Keystone pipeline rejection, alleging President Obama exceeded his power.
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.