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Oil and Gas Oil and Gas Exploration

  • Crews work at Anadarko's centralized fracking facility and drill site near Fort Lupton, Colorado.

    Credit Suisse initiated coverage on a slew of energy stocks Monday, telling investors it's bullish on oil prices.

  • RIO DE JANEIRO, Dec 11- Brazil will likely limit planned cuts in local content requirements for future oil exploration and production contracts in a move aimed at appeasing local suppliers and to pave the way for an extension of customs breaks for oil companies. "The proposal is already in place, it should be voted on this week and it will be compensation for the...

  • *Output rise undermines OPEC- led efforts to tighten market. SINGAPORE, Dec 11- Oil markets were stable on Monday as ongoing output cuts led by OPEC were countered by rising U.S. drilling activity that points to a further increase in American production. Crude prices have gained well over a third in value from their 2017 lows, largely due to production cuts by the...

  • BILLINGS, Mont.— Even as it clashes with American Indians over reductions to national monuments in the Southwest, the Trump administration is pursuing creation of a new monument on the border of a Montana reservation where tribal officials remain wary of the idea. The Blackfeet Indian Tribe has long fought oil and gas drilling and other development within the...

  • Dec 5- Even as the U.S. Senate moves to allow oil drilling in Alaska's Arctic National Wildlife Refuge, the real action is 150 miles west, where industry proponents hope a coming sale of 10 million acres of land will revitalize the state's sagging crude production. The Trump administration, through the U.S. Bureau of Land Management, will auction off 10 million...

  • *Oil prices still near highest since mid-2015 on OPEC deal. LONDON, Dec 4- Oil fell on Monday after U.S. shale drillers last week added more rigs but prices still held close to their highest since mid-2015, supported by an extension to output cuts agreed last week by OPEC and other producers. Drillers were encouraged during 2017 to increase activity as crude prices...

  • LONDON, Dec 4- Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their highest since mid-2015, supported by an extension to output cuts agreed last week by OPEC and other producers. February Brent crude futures were down 54 cents at $63.19 a barrel by 1003 GMT, while U.S. Drillers were encouraged during 2017 to...

  • WASHINGTON, Dec 2- Oil and gas drilling in a vast northern Alaskan wildlife refuge the U.S. government has protected since 1960 moved a step closer to reality on Saturday with the passage by U.S. Senate Republicans of the tax bill. "Little wonder Senate Republicans rushed the vote: it wouldn't survive the light of public debate," said Rhea Suh, president of the Natural...

  • Continental Resources CEO: OPEC did the right thing and acted responsibly

    Continental Resources CEO Harold Hamm discusses OPEC's extended cut, the health of the U.S. energy industry and what it all means for global oil production and prices.

  • WASHINGTON, Nov 29- SBM Offshore NV, a Netherlands- based maker of offshore oil drilling equipment, and its U.S. subsidiary, SBM Offshore USA Inc, agreed to settle criminal charges of bribing officials in five countries and pay a $238 million penalty, the U.S. Justice Department said on Wednesday. The companies agreed to settle charges related to schemes lasting...

  • WASHINGTON, Nov 28- Eni US could begin work on oil exploration in federal waters off Alaska as soon as next month after the Trump administration on Tuesday approved permits for leases the company has held for a decade, the Interior Department said. Eni is the first company allowed to explore for oil in federal waters off Alaska since 2015.. The Trump...

  • *OPEC and other producers expected to keep output limits. Losses were limited though as expectations that OPEC and other key exporters will agree this week to extend production limits provided support. U.S. crude oil production has risen by 15 percent since mid-2016 to 9.66 million barrels per day, not far from top producers Russia and Saudi Arabia, and...

  • *But expected extension of OPEC cuts supports Brent. SINGAPORE, Nov 27- Oil prices dipped on Monday, with U.S. crude easing from two-year highs on the prospect of increased output, although global markets were slightly better supported by expectations an OPEC- led supply cut would be extended. U.S. crude production has risen by 15 percent since mid-2016 to 9.66...

  • *Expected extension of OPEC cuts supports Brent. SINGAPORE, Nov 27- U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC- led supply cut would be extended. U.S. crude production has risen by 15 percent since mid-2016 to 9.66 million...

  • *Expected extension of OPEC cuts supports Brent. SINGAPORE, Nov 27- U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC- led supply cut will be extended. U.S. crude production has risen by 15 percent since mid-2016 to 9.66 million barrels...

  • *But expected extension of OPEC cuts supports Brent. SINGAPORE, Nov 27- U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC- led supply cut will be extended. U.S. crude production has risen by 15 percent since mid-2016 to 9.66 million...

  • SYDNEY/ LONDON, Nov 21- Oil exploration company Cairn Energy is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said. Oil majors have been increasingly homing in on the waters off Senegal, as well as neighbors Mauritania and Gambia,...

  • SYDNEY/ DAKAR, Nov 20- Oil exploration company Cairn Energy is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said on Monday. Oil majors have been increasingly homing in on the waters off Senegal, as well as neighbors Mauritania and...

  • The rig count RIG-OL-USA- BHI>, an early indicator of future output, held at 738 in the week to Nov. 17, still much higher than 471 rigs a year ago as energy companies boosted spending plans for 2017 as crude started recovering from a two-year price crash. almost $50 a barrel, easily topping last year's $43.47 average. This week, futures were trading around $56 a barrel...

  • HOUSTON, Nov 16- Offshore oil drilling and service companies, hurt by the energy industry's shift to lower-cost shale and away from deepwater projects, are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone. Through October, 44 oilfield services companies filed for bankruptcy in the United States and Canada...