Baker Hughes says US rig count dropped by 12 this week
The number of rigs exploring for oil and gas in the US has dropped by 12 this week, according to the latest figures.
US
Swiss regulators agree to provide US prosecutors with record connected to Venezuela probe
Swiss regulators have agreed to provide US prosecutors with records from at least 18 banks relating to Venezuela’s state oil company.
Exxon, Chevron told by SEC to put climate proposal to shareholders
The US SEC (Securities and Exchange Commission) has decided both oil giants ExxonMobil and Chevron must allow a shareholder vote on a proposal they should conduct analysis on the financial impact any climate change regulation would have on their operations.
Aberdeen-Houston Gateway 2016 hailed a success
The fourth Aberdeen-Houston Gateway has been hailed as a resounding success as delegates from the US visited the UK for the annual event.
Chevron California refinery reports mechanical problems
Oil major Chevron has reported mechanical problems which led to flaring at a refinery in California.
Protesters rally against US Gulf of Mexico oil and gas leases
Plans to sell off oil and gas leases in the US have been hit by protests from environmentalists.
Aberdeen-Houston Gateway hailed a “resounding success”
Organisers of an event celebrating the business links between the north-east and Houston hailed it as a “resounding success”.
Oil drops a second day as US rig count decline halts amid glut
Oil fell for a second day, extending declines from a three-month high, as the number of drill rigs active in the U.S. rose for the first time in three months amid a global glut.
Obama administration looks to tighten pollution rules from offshore operations
Plans to tighten rules on air pollution from offshore oil and gas operations have been laid out by the Obama administration.
Houston’s $3 billion of debt cut by Moody’s after oil-price drop
Houston’s $3 billion of general-obligation debt was cut one level by Moody’s Investors Service, which cited weakening economic performance due to lower oil prices, the city’s pensions obligations and restrictions on raising taxes.
US oil output headed to four-year low as shale boom wanes
U.S. crude production will fall to its lowest since 2013 next year as battered shale drillers idle rigs to conserve cash, according to a government report.
Amec Foster Wheeler wins US Air Force contract
Amec Foster Wheeler said it has won a contract with the US Air Force.
McClendon’s American Energy says it will continue operations
American Energy Partners LP, the firm created by Aubrey McClendon, said it would continue its work despite its founder’s death in a car crash Wednesday. “While all of the employees at AELP are deeply saddened by this tragic event, we are firm in our conviction that Aubrey would want us to persevere and continue his extraordinary legacy of innovation and creativity," the Oklahoma City-based company said in a statement on its website Thursday.
Fracking pioneer McClendon accused of rigging Oklahoma bids
Aubrey McClendon has been called a pioneer and a natural gas evangelist. Now he might just be the architect of his own destruction.
US offshore wind companies gain critical mass and big backers
After years of false starts, U.S. offshore wind has attracted some marquee names with deep pockets, creating a sense of optimism for the emerging industry.
Solar, wind and natural gas make up most US 2016 generation additions
Electricity generating facilities expect to add more than 26 gigawatts (GW) of utility-scale generating capacity to the US power grid during 2016, according the country's Energy Information Administration.
Nostra Terra gets extension on Paw Paw prospect
Nostra Terra - the UK listed independent oil and gas firm - confirmed the permitting process for the Paw Paw prospect in the Wyoming, US should be completed "within weeks. and said it has secured more time to drill a well at the project.
Former Cheniere chief exec resigns from board
The former chief executive of Cheniere Energy has resigned from the company’s board after being replaced at the end of last year.
The robber baron who botched the world’s first oil storage trade
A century and a half before the current supply glut sent oil prices into contango, one of America’s greatest industrialists tried to make money by storing crude. He failed.
Key Energy Services replaces chief exec
Key Energy Services said it will appoint a new chief executive as the company faces potential de-listing from the New York Stock Exchange.
Shale faces March madness as $1.2 billion in interest comes due
The U.S. shale industry must come up with $1.2 billion in interest payments by the end of March as $30-a- barrel oil makes it harder for companies to scrape up the cash needed to stay current on their debts.
Marathon Oil cuts 2016 spending by half
Marathon Oil said it has reduced its spending for the year by half after reporting a quarterly loss.
Devon Energy reduces capital spending, cuts staff by 20%
Devon Energy has said it plans to reduce its capital spending as well as cutting its staff by 20%.
Video: Chevron chief exec impresses with Eagle shot
The chief executive of oil major Chevron made the “shot of the day” at a recent golf tournament in California. The talented golfer impressed fellow amateur golfers at the AT&T Pebble Beach Pro-Am earlier this month. His shot scored a two-under-par on the 18th hole at Pebble Beach. Watch the video below.
Syria truce set for next week as US, Russia back peace bid
World powers agreed a partial cease fire in Syria’s civil war, reaching a deal that could forestall a humanitarian crisis around the besieged city of Aleppo even amid skepticism about how broad and lasting the truce might be. Backing the accord were all the major outside powers in the five-year-old conflict, including the U.S., Russia, Turkey, Saudi Arabia and Iran. But the halt to fighting won’t cover jihadist groups like Islamic State, meaning U.S., French and Russian air strikes against them will continue.