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
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.
Despite anecdotal evidence, a new study is dismissing the U.S. manufacturing renaissance as little more than a "myth."
Trying to pick the bottom of oil's surprise price plunge may be tougher this time around, with analysts turning to non-traditional indicators to make predictions.
Oil rig count numbers have a long way to drop, late to chase the price fall in gas prices.
A sale of parts of Halliburton's business to appease regulators could be a game-changer for smaller oilfield services companies, analysts say.
Baker Hughes confirmed Thursday it is in preliminary talks with Halliburton regarding a potential business combination in a release.
Greenlight Capital's David Einhorn reported a 9.99 percent stake in Civeo and said that its CEO should be replaced on Thursday.
Oil and gas firms are "routinely" underpaying their workers, according to an investigation from ProPublica.