Oil and Gas Oil and Gas Exploration


  • Jan 25- SandRidge Energy Inc is exploring debt restructuring options, according to people familiar with the matter, as the heavily indebted U.S. oil and gas exploration and production company struggles with the fallout from plunging energy prices. Debtwire had reported on Jan. 13, also citing unnamed sources, that SandRidge- which produces oil and gas from shale...

  • Some states dependent on energy revenues are facing strained budgets due to low oil prices, according to an S&P report.

  • Donald Trump and Hillary Clinton

    The election is likely to exacerbate the credit crunch hitting the oil industry, says oil consultant Mark Harrington.

  • MILAN, Jan 19- Italy's constitutional court gave the green light on Tuesday to a national referendum on the duration of oil and gas drilling concessions in the country, muddying the waters for companies operating in the sector. According to rules in Italy's constitution, the referendum approved by the court should be held some time between April 15 and June 15.

  • Jan 15- U.S. energy firms this week continued to cut the number of rigs drilling for oil to the lowest in nearly six years, data showed on Friday, suggesting drillers were preserving cash as they evaluate spending plans as crude prices hover near 12- year lows. Drillers removed one oil rig in the week ended Jan. 15, bringing the total rig count down to 515, the least...

  • offshore oil drilling platform rig

    The ever-declining U.S. oil rig count should really start to take a bite out of the oversupply problem this year, KLR's John Gerdes says.

  • Pump jacks and storage tanks

    Here's why the credit crunch hitting the oil industry could be worse than the 2008 housing crisis, says longtime oil man Mark Harrington.

  • oil refinery

    Most analysis sees crude prices rebounding in the back half of 2016, but oil futures faces headwinds in the coming months, experts told CNBC.

  • Harold Hamm

    There's growing evidence that Saudi Arabia's attempt to flood the crude market is not working, American oil billionaire Harold Hamm tells CNBC.

  • BEIJING, Jan 12- China's natural gas demand may rise 6.5 percent in 2016, up from last year's tepid growth, as a cut in government-set prices and efforts to promote gas usage will lift demand for the fuel, said an official at a Chinese industry association. China's gas demand- hit by a slowing economy and an inflexible pricing mechanism- grew at less than 4 percent in...

  • OKLAHOMA CITY, Jan 10- Earthquakes in Oklahoma in the past week, including one of the strongest ever recorded in the state, have led to calls for the governor to make changes to oil and gas drilling regulations and reduce seismic activity scientists link to the energy industry. Two large earthquakes were recorded in northwest Oklahoma on Wednesday, including a...

  • Gas oil North Dakota

    One of the nation's top oil analysts says crude prices could triple within the next 24-months. But investors will feel more pain first.

  • *Some managers told shares in downstream JVs may be sold. *Upstream sale not being actively considered- sources. KHOBAR, Saudi Arabia/ DUBAI, Jan 10- Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramco, sources...

  • John Kilduff

    US oil and gas producers are getting squeezed. Maybe it's time for the government to pump some money into the industry, says John Kilduff

  • Jan 6- Coal and gas producer Consol Energy Inc cut its 2016 capital expenditure budget for its oil and gas division by 41 percent due to weak commodity prices. The company said it now plans to spend $205- $325 million on oil and gas drilling, down from its previous estimate of $400- $500 million. Separately, CNX Coal Resources LP, which was spun off from Consol and mines...

  • Trader on the floor of the New York Stock Exchange.

    Check out the companies making headlines after the bell Tuesday: Fitbit, Spirit Airlines, Sonic & more.

  • WILMINGTON, Del., Jan 5- Swift Energy Co received U.S. bankruptcy court approval on Tuesday to borrow up to $15 million, giving the oil-and-gas exploration company time to negotiate a refinancing deal that is key to its turnaround. "We need to try to minimize Chapter 11 time and expense as much as possible," said Gregory Gordon, a Jones Day attorney who represents Swift,...

  • A Chevron petroleum storage tank is seen at Port Everglades in Fort Lauderdale, Florida.

    Investors looking for upside that comes with risk-oriented energy plays can find similar returns in Chevron, Sam Margolin of Cowen said.

  • Traders work on the floor of the New York Stock Exchange.

    Check out the companies making headlines after the bell Wednesday: Cal-Maine Foods, Micron Technology, Hess Corporation & more

  • Oil workers make a pipe connection on a drilling rig near Encinal, Texas.

    The recent leg lower in oil prices is no surprise, and the oil rout will get worse before it gets better, John Hofmeister says.