Oil and Gas Oil and Gas Exploration


  • WASHINGTON, March 15- The Obama administration will not open up the southeastern Atlantic coast to drilling due to record-low oil prices and strong local opposition, it said on Tuesday. The proposal would have opened up drilling sites more than 50 miles off Virginia, North and South Carolina, and Georgia to oil drilling by 2021.. Coastal communities in these...

  • Crude oil production

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

  • NEW YORK, March 14- The first major upstream oil and gas bankruptcy filing of the year could occur this week as SandRidge Energy Inc, Venoco Inc and Energy XXI Ltd reach the end of grace periods following millions in missed interest payments. The three oil and gas exploration and production companies with operations across the United States, said they would skip a...

  • NEW YORK, March 11- The U.S. Bureau of Safety and Environmental Enforcement suspended drilling operations at a rig in the Gulf of Mexico on Friday after it responded to a reported fatality, it said in a statement. The platform, some 150 miles south of New Orleans, is operated by offshore oil and gas operator Whistler Energy II, which reported that the offshore worker...

  • March 11- The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940, oil services company Baker Hughes Inc said on Friday, as energy firms continued to slash activity amid the deepest energy price rout in a generation. Oil rigs RIG-OL-USA- BHI> alone fell for a 12th week in a row this week with the rig...

  • NEW DELHI/ MUMBAI, March 10- India said on Thursday it hoped to unlock gas and oil resources worth almost $40 billion by simplifying licensing rules and offering price incentives to recover gas from difficult offshore fields. Energy demand in India far outstrips consumption, but regulated low prices for gas from prolific but challenging deepwater fields have...

  • John Kilduff

    Oil's fall has been spectacular, but the market is not out of the woods. Not by a long shot, says John Kilduff.

  • Workers on a drill site at the Permian basin outside of Midland, Texas

    In the oil sector, if you're willing to take a long term view, these stocks have potential to rally, says Andy Lipow.

  • Oil exploration in the Seychelles

    Alain St. Ange, minister of tourism for the Seychelles, talks about protecting tourism while allowing oil exploration.

  • *Investors continue to focus on macro data, including Japan GDP. *Sharp soars as market expects Foxconn's deal this week. TOKYO, March 7- Japan's Nikkei share average fell on Monday morning, snapping a four-day winning streak as investors remained cautious after the market rebounded sharply last week, while the market quickly digested Friday's U.S. jobs data.

  • The Ocean Princess oil platform, operated by Diamond Offshore Drilling, in the Port of Cromarty Firth in Cromarty, U.K.

    If the worst is over for oil prices and energy stocks, what's the best way to get in on a rebound without getting burned?

  • Rex Tillerson, CEO of Exxon Mobil.

    Exxon Mobil chief Rex Tillerson tells CNBC that extracting shale oil at current prices can yield a modest return, but "we wouldn't do that."

  • A worker inspect facilities on an upstream oil drilling platform at the Total oil platform at Amenem, 35 kilometers away from Port Harcourt in the Niger Delta in 2009.

    OPEC member Nigeria sees oil reaching $50, and insisted an oil production freeze is going to happen in spite of disagreement.

  • Pipeline system

    Investors are now concerned about the merger of Energy Transfer Equity and the Williams Companies. The New York Times reports.

  • HOUSTON, Feb 24- The U.S. oil and natural gas industry emits more methane than previously thought, U.S. As part of that rules process, the EPA collected new data on how much methane is emitted by oil drilling, transportation and refining. While the new data collected by the EPA on methane emissions show that emissions have not increased, they do give regulators a...

  • LONDON, Feb 22- Oil prices rose on Monday as a fall in U.S. oil drilling rig numbers lifted the prospect of lower crude production and a bounce in stock markets encouraged buying sentiment. U.S. crude futures rose above $30 a barrel, gaining 95 cents to $30.59 a barrel by 0956 GMT, or 3.2 percent. "Positive sentiment on the stock market and the impact of the lower U.S. rig...

  • Consultations on a preliminary deal between leading oil producers to freeze output should be concluded by March 1, Russia's energy minister told local television.

  • LA PAZ, Feb 19- Repsol SA discovered 4 trillion cubic feet of possible natural gas reserves in Bolivia that it will start tapping in 2019, the government and company said Friday- a finding that could boost the Andean country's reserves by 40 percent. The three new fields- Boicobo, Ipaguazu and Boyuy- in the Caipipendi block in southern Bolivia contain enough gas to...

  • Why Saudi’s oil actions is generating volatility

    Barclays oil analyst, Miswin Mahesh explains how risk reward for short oil positions is changing due to Saudi Arabia’s recent perspective shift on oil production.

  • A third of exploration and production companies — about 175 firms — are at high risk of bankruptcy, Deloitte reports.