BISMARCK, N.D.— A Williston- based oil field service company will pay $250,000 to a worker it fired after he complained of harassment to settle a discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission. The lawsuit filed a year ago alleged that a white manager for American Casing& Equipment Inc. harassed Matthew Clark, a... » Read More
Nearly $43 million of U.S. taxpayers' money was spent on building a gas station in Afghanistan. NBC News reports.
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.
Blackstone Group has strengthened its ties to Nigeria, the West African country where it could put big money to work.
Technology made the US oil shale boom. New technology may allow oil giants Saudi Arabia and Norway to become the next fracking boomers.
U.S. oil inventory and capex falls may boost prices modestly near term, but production growth is still too strong for substantial gains, Goldman said.
The energy industry's failure to use the data it collects means it's not as efficient as it could be, leaving money on the table.
With oil's price collapse, we can now declare that OPEC's reign as king of the market is over.
Oil supply running ahead of demand hasn't just pressured prices, it's also filling up storage space, potentially pushing crude toward another leg down.
Activist hedge funds are buying stakes in North American oil and gas producers whose stocks have fallen because of the collapse of energy prices.
Oil prices will get a heck of a lot worse before they get better, a top industry analyst said on Tuesday.
The sharp drop in U.S. oil rig counts has helped lift crude prices off their lows, but it won't slow production or alleviate oversupply, Goldman said.
Halliburton will layoff between 6.5 and 8 percent of its global staff, the oil field services company said Tuesday.
Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.
Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.
National Oilwell Varco warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent.