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  • WASHINGTON, April 14- The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations, which include more stringent design requirements and...

  • WASHINGTON, April 14- The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations, which include more stringent design requirements and...

  • April 13- The Obama administration will announce Thursday safety regulations for offshore oil and natural gas drilling to prevent the kind of explosion that happened six years ago on a BP rig in the Gulf of Mexico, an official told Reuters. The Department of Interior will unveil the final version of its well control regulations, which will require more...

  • April 11- National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, said it would cut its quarterly dividend to 5 cents per share from 46 cents, as it struggles to cope with a prolonged slump in oil prices. The dividend cut was expected to improve future net cash flow by about $615 million per year, Chief Executive Clay Williams said in a statement on...

  • Crude oil production

    Joe Petrowski, Mercantor Partners founder and former Gulf Oil CEO, discusses the energy sector including whether crude has bottomed.

  • An employee holds a control panel as barrels are filled with lubricant oil ahead of shipping at Royal Dutch Shell Plc's lubricants blending plant in Torzhok, Russia.

    With oil prices expected to trade lower for longer, more energy companies are set to face default, according to one CEO.

  • LONDON, Feb 19- The U.S. oil and gas industry has lost around 100,000 jobs over the last 16 months, according to the U.S. Bureau of Labor Statistics. Employment losses worldwide are probably at least double that figure. And these are only people employed directly by oil and gas producers, drilling contractors and other oilfield services firms.

  • 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...

  • 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 more as 2016 drags on. A 70 percent drop in crude prices since mid-2014 has affected not only NOV but dozens of others throughout North...

  • BAKU, Jan 12- For the survivors of a lifeboat which hung between a blazing oil rig and 10- metre waves on a wind-lashed sea, the horror lives on while the search for the comrades they saw die is not complete. A fire still burns from the worst ever accident in Azerbaijan's oil industry. An enquiry continues on the Dec. 4 disaster which took around 30 lives when a 27- hour...

  • A demonstrator, celebrating US President Barack Obama's blocking of the Keystone XL oil pipeline, holds up a sign during a rally in front of the White House in Washington, DC on November 6, 2015.

    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...

  • An oil pumpjack operates near Williston, North Dakota.

    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

    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.

  • An oil pump jack in the oil town of Gonzales, Texas.

    Energy infrastructure MLPs are improving cash flow and paying out attractive dividends, Rob Thummel said.

  • A floorhand works on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    After years of strong employment gains that outpaced total private sector growth, the energy sector is now the biggest job cutter of 2015.

  • Average annual salary: $138,980Current employment: 30,880The booming oil industry and specialized skills required for petroleum engineers creates one of the most highly compensated jobs in the country. Petroleum engineers develop plans for oil and gas extraction, production, and tool modification, overseeing drilling operations and providing technical advice.On average, petroleum engineers working for the oil and gas extraction industry made an annual salary of $150,890. The heavy reliance on na

    Enrollment in petroleum engineering degree programs appears set to fall, raising concerns about a talent drought in future oilfield crews.

  • A worker with Apache in the Permian Basin in Mentone, Texas.

    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.