Anadarko CEO calls the deal the “right action for our stakeholders” that avoids the risk of larger costs later. More »
As the global hunt for oil gets tougher, the icy expanse of the Arctic – one of the last frontiers left for exploration – is looking more attractive to some producers. More »
For the third quarter, a group of 19 major integrated oil and refining companies based in the Americas should earn a total of $41.1 billion, down from last quarter but up 32 percent from the July-to-September period in 2010, analysts with Barclays Capital predict.
The newly formed Ursa Resources Group II launches after its predecessor, Ursa Resources Group, also backed by Denham Capital, sold assets in the Williston Basin. More »
ConocoPhillips named two chief executives officers for its newly formed companies, officials said this morning. More »
The prediction comes as tougher safety and environmental regulations enacted after the deadly Macondo well blowout in April 2010 continue to slow the pace of new drilling permits, forcing producers to scale back exploration programs.
Anadarko Petroleum Corp. said it has “substantially increased” its estimate for the amount of natural gas offshore fields in Mozambique may hold in the wake of additional exploration success there by a partnership it leads.
The Houston oil company, which recently spun off its refining arm, is evaluating the possible sale of a minority stake in its deepwater Gulf of Mexico assets as it focuses on increasing shareholder returns and strengthening its portfolio More »
The prediction represents a drop from the investment bank’s previous prediction of $123.50 a barrel for West Texas Intermediate, and reflects the increasingly anxious outlook for the global economic recovery. The bank also trimmed its 2012 Brent price estimate to $120 a barrel from $130.
The oil field services giant said it is searching for several types of engineers, software testing and developers, scientists, auditors and other functions, noting that many aerospace professionals share the same skills, training and safety knowledge as those in the oil field. More »
No longer content to be passive observers of the debate, some of the largest oil companies in the U.S. have begun mounting their own, more forceful defense against criticism of the boom in natural gas development. More »
The Spanish wind energy developer, whose North American unit is headquartered in Houston, had roughly 330 employees in the U.S. and Canada, but it is unclear how many jobs were cut in Houston. More »
Schlumberger, Halliburton Co. and Baker Hughes, which relocated hundreds of employees during the Gulf slowdown, say most of those workers are now back on the job. More »
The conference will “offer practical, commercial solutions to drive forward the industry’s position” through the internet, social media and grassroots efforts, with the goal of presenting a “united industry front” in answering critics, according to promotional materials.
While offshore spills in China’s Bohai Bay in June have garnered little attention in the U.S., they have made the Houston oil company the target of widespread and at times harsh criticism in China.