With the Olympic Mountains in the background, the Polar Pioneer drilling unit  arrives in Port Angeles, Wash., aboard a heavy-lift transport ship. Shell hopes to use the rig for exploratory drilling in the Chukchi Sea off Alaska's northwest coast. (Daniella Beccaria/seattlepi.com via AP)

Judge orders Greenpeace to stay away from drill ships

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U.S. District Court Judge Sharon Gleason on Friday also prohibited Greenpeace from flying unmanned vehicles over the offshore Arctic area where Shell plans to drill.
Burning oil tank cars from a BNSF train that derailed at Heimdal, North Dakota lay askew along the railroad tracks on Wednesday afternoon, May 6, 2015. The train pulling 107 tank cars filled with crude oil was passing through the small town when six of the cars derailed. (Tom Stromme/The Bismarck Tribune via AP)

BNSF reopens track at ND site of oil train derailment, fire

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BNSF Railway resumed shipments Friday along a track in North Dakota two days after an oil train derailed and caught fire, and cleanup continued on crude that spilled into nearby wetlands.
(Image: Fotolia)

Costs are dropping in the Eagle Ford, producer says

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Swift gave an insightful breakdown of what it costs the company to produce oil and get it to market, as well as the level of cost-cutting companies have been making:
(Ty Wright/Bloomberg)

Oil rig count falls to lowest since late 2010

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Producers eased back on the number of rigs laid down this week, idling 11 oil-chasers at a time when crude prices have started to swell again.
Burning oil tank cars from a BNSF train that derailed at Heimdal, North Dakota lay askew along the railroad tracks on Wednesday afternoon, May 6, 2015. The train pulling 107 tank cars filled with crude oil was passing through the small town when six of the cars derailed. (Tom Stromme/The Bismarck Tribune via AP)

Oil in North Dakota derailment was treated to cut volatility

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Hess Corp. spokesman John Roper said the company’s oil complied with a state law that requires propane, butane and other volatile gases to be stripped out of crude before it can be transported. That conditioning process lowers the vapor pressure of the oil to reduce the chance of an ignition during a crash.
APACHE0608

Apache takes big writedown, report loss for the quarter

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Apache Corp. reported a $4.7 billion writedown because of falling oil and natural gas prices, leading the company to declare a $4.65 billion net loss for the first quarter.
A worker climbs an EOG Resources oil rig in South Texas' Eagle Ford Shale. The Houston company predicts double-digit production growth   if oil prices stabilize at $65 a barrel.  (Gary Coronado / Houston Chronicle )

Oil hits $60 as rally from winter depths continues

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U.S. benchmark crude rose $1.47 to $60.40 a barrel in New York Mercantile Exchange trading Tuesday.
Categories: Crude oil, General, Markets
(Photographer: Jamie Schwaberow/Bloomberg)

Anadarko writes down $3.7 Billion in value from Utah field

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Anadarko Petroleum Corp. reported its biggest quarterly loss in more than a decade after writing down the value of a single field in Utah by $3.7 billion.
Oil Boom Shifts The Landscape Of Rural North Dakota

Money manager criticizes big bucks spent on shale wells

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Shares in U.S. shale-oil drillers including Pioneer Natural Resources Co. and EOG Resources fell after influential money manager David Einhorn criticized the large sums of cash they burn through to frack wells.
The Ocean Monarch (Image: Diamond Offshore)

Diamond Offshore sees drilling rig downturn ‘lower for longer’

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Exploration and production customers have canceled more than $4 billion of future work for offshore rig owners globally, Chief Executive Officer Marc Edwards said Monday on a first- quarter earnings conference call.