Category: Crude oil

Oil futures down to near $104 after Ukraine vote

Natural gas fell after a proposed solution to a dispute over Ukrainian natural gas debts to Moscow was revealed, raising hopes that a supply cutoff would be averted.  More »

Oil settles above $104 ahead of Ukraine vote

Holidays will keep markets closed on Monday in the U.S.  More »

Oil eases but remains near $104 a barrel

The U.S. oil price hit a one-month high earlier in the week.  More »

CEO discusses key behind Sanchez Energy’s rapid growth

Sanchez Energy’s massive planned Eagle Ford Shale buy announced Wednesday is the latest in a string of acquisitions that the three-year-old company believes will push its revenue to more than $1 billion next year.  More »

PDVSA signs $2.2 billion oil service financing to boost drilling

Petroleos de Venezuela SA, the country’s state oil company, signed deals with oil service companies Schlumberger, Halliburton and Weatherford International.  More »

Oil climbs to $104 as U.S. supplies drop sharply

A report from the Energy Department showed a drop of 7.2 million barrels in U.S. crude oil supplies.  More »

Bank loan standards bending for oil companies amid shale rush

As major shale plays fuel the nation’s energy production, some aspects of Texas banking are starting to echo the overzealous oil and gas lending of the past, says David Zalman, chairman and CEO of Houston-based Prosperity Bancshares.  More »

Oil down slightly ahead of U.S. supply report

U.S. crude for June delivery fell 17 cents to close at $102.44 a barrel.  More »

In the oil & gas industry, there should be no such thing as an “accident”

The “safety first” message extends – at least in theory – out to the field, where every new engineer and roughneck is constantly told “there’s no such thing as a small incident”, or “if you can’t do it safely, it’s not worth doing”.  More »

Chesapeake chasing ‘all-but-forgotten’ shale assets

Just a month after BP decided to take a $521 million hit to abandon its plans for the Utica Shale, Chesapeake Energy last week called the region its “newest world-class asset.”  More »

Calif. county considers fracturing ban

For the past several months, Santa Barbara County Water Guardians have worked to collect enough signatures to propose a ban on hydraulic fracturing.  More »

Oil tax incentive change part of Oklahoma budget debate

The Legislature this year also has yet to reach an agreement on a generous tax incentive currently in place for horizontally drilled wells that reduces the tax from its regular rate of 7 percent to 1 percent.  More »

Vancouver council weighs resolution against oil terminal

Tesoro Corp. and Savage Companies are proposing a terminal at the Port of Vancouver that could handle as much as 380,000 barrels of crude per day.  More »

Oil rises on U.S. housing data, Ukraine tensions

Oil gained 2 percent for the week.  More »

Energy rigs in U.S. climb to tie highest count since 2012

Rigs targeting oil and natural gas in the U.S. increased this week, tying a 20-month high, as energy producers used a record number of horizontally drilling ones to reach deposits in shale formations in the middle of the country.  More »