Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expected global rig count to decline by as much as 30 percent in Continue Reading
Bakken Shale producer Oasis Petroleum unveiled a rough capital spending plan on Thursday that would allow production to slide 1%-9% in 2016 while spending 33% less than last year, a Continue Reading
Here’s how bad things are getting in the oil patch: In some cases it is now cheaper for energy companies to buy one another rather than drill for crude. A Continue Reading
The day we hit “peak oil” will be a definitive moment in the history of resources and energy consumption. Throughout our lifetime we have been warned of the implications of Continue Reading
The world’s biggest oil companies are asking tanker operators to slow down delivery of crude amid an ever-expanding supply glut on land, Europe’s largest owner of supertankers said. Tankers hauling Continue Reading
The EIA’s Monthly Energy Review just came out. They have the U.S. production numbers through December along with World, OPEC C+C, Non-OPEC and selected Non-OPEC nations through October. All EIA Continue Reading
Hess Corp. deepened its loss in its fourth quarter amid big drops in energy prices. The company, however, reaffirmed its 2016 production forecast, predicting 330,000 to 350,000 barrels of oil Continue Reading
Though oil production continues to withstand weaker prices, the environment in the Texas oil and gas sector is in decline, an economist said. “We’ve not begun the year moving in Continue Reading
U.S. shale player Continental Resources said weakness in the energy sector will manifest itself in a slow decline in overall production through 2016. Continental said in a statement laying out Continue Reading
A day after announcing a cut in spending, Hess Corp. said it took a net loss of $396 million for the fourth quarter against $53 million in income year-on-year. Most Continue Reading
