Hercules Offshore: Recovery not strong enough
The recovery in crude oil prices since the 2016 low point hasn’t been enough to translate to improved business conditions, the head of Hercules Offshore said. Crude oil prices have Continue Reading
Oil-Field-Equipment Makers Need Oil Prices Above $60 a Barrel
Small and medium-size oil-field-equipment companies attending an energy conference this week in Houston said oil prices need to go much higher before their corner of the industry starts seeing a Continue Reading
Enbridge Seeks 3-Year Extension for Northern Gateway Pipeline
Canadian pipeline operator Enbridge Inc. ENB 0.49 % said it had asked the country’s energy regulator for a three-year extension on the deadline to begin construction of its proposed Northern Continue Reading
Recent U.S. imports of oil tend to be heavier than domestic production
In 2015, more than 70% of the crude oil produced in the Lower 48 states was light oil with an API gravity above 35 degrees. At the same time, 90% Continue Reading
Hydraulically fractured wells provide two-thirds of U.S. natural gas production
For decades, hydraulic fracturing had been referred to as an unconventional completion technique, but over the past 10 years it has become the technique by which most natural gas is Continue Reading
Beleaguered Chesapeake to Sell Off More Assets to Reduce $9B Debt
The second-largest producer of natural gas in the United States, Chesapeake Energy Corp., has announced plans to sell part of its Oklahoma shale acreage in order to prop up finances Continue Reading
Rigzone Polls: Readers Veer Toward Conservative Platform, Support Trump
Rigzone readers tended toward the conservative side of responses in a recent series of political polls related to the oil and gas industry we posted on Twitter during the first Continue Reading
Debt: The Key Factor Connecting Energy and the Economy
There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not Continue Reading
Russia’s Rosneft ships its first cargo of LNG
For the first time in its history, Russian energy company Rosneft said Friday it delivered a shipment of liquefied natural gas to an Egyptian customer. A trading arm of Rosneft Continue Reading
Abrupt Sea Level Rise Looms As Increasingly Realistic Threat
Ninety-nine percent of the planet’s freshwater ice is locked up in the Antarctic and Greenland ice caps. Now, a growing number of studies are raising the possibility that as those Continue Reading