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drilling

(Simon Dawson/Bloomberg)

Transocean’s June drilling contracts come in at year high

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It’s the first time since December that Transocean has drawn more than $100 million in contracts this year, well above the monthly average of $22 million it saw in the first five months of 2015.
Workers remove the drill pipe on the drilling floor of Development Driller III, which drilled the relief well and pumped the cement to seal the Macondo well, the source of the Deepwater Horizon rig explosion and oil spill, in the Gulf Of Mexico, off the coast of Louisiana, Saturday, Sept. 18, 2010. (AP Photo/Gerald Herbert)

Sabine Oil & Gas skips $21 million interest payment

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Sabine is just the latest U.S. oil producer to show signs of financial stress in the oil market crash. Oil producers Quicksilver Resources, Dune Energy, BPZ Resources and American Eagle Energy have all filed for bankruptcy protection this year.
(Nabors photo)

Nabors shareholders OK executive pay after overhaul

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Investors have given Nabors Industries its first symbolic nod of approval on its executive compensation, a sign the land driller’s efforts to rein in large paydays have paid off.
(Ty Wright/Bloomberg)

Drilling tax hike proposed by Ohio gov. on rocks

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A drilling tax increase proposed by Republican Gov. John Kasich isn’t likely to re-emerge in the Ohio Senate budget revisions due Monday.
(Jim Gehrz/Minneapolis Star Tribune/MCT)

More rigs go dark as shutdown streak stretches to 26 weeks

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The number of rigs seeking oil fell to 642, according to Friday’s tally by oil service company Baker Hughes.

More oil rigs shut down

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The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
In this Friday, May 22, 2015 photo provided by Reese Semanko, a woman identified as Chiara Rose has suspended herself in a climbing harness from the anchor chain of the Royal Dutch Shell support ship Arctic Challenger in the harbor at Bellingham, Wash.(Reese Semanko via AP)

Updated: 2 people chained to Shell ship north of Seattle

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Two people have chained themselves to a support ship that is part of Royal Dutch Shell’s exploratory oil drilling plans and currently moored in Washington state.
(Photo by Eddie Seal for Bloomberg News)

Analysts: Eagle Ford drilling will get a lot cheaper by mid-2016

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The oil slump hasn’t stopped producers in the South Texas play from getting better at targeting oil-rich rock in lateral sections of their horizontal wells.
Activists who oppose Royal Dutch Shell's plans to drill for oil in the Arctic Ocean prepare their kayaks for the "Paddle in Seattle" protest on Saturday, May 16, 2015, in Seattle. (Daniella Beccaria/seattlepi.com via AP)

Anti-Arctic drilling kayaktivists hold ‘Shell No’ protest

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Kayakers gathered in formation and hoisted signs and banners that read: “Climate Justice,” ”Oil-Free Future,” ”Shell No, Seattle Draws The Line,” and “We can’t burn all the oil on the planet and still live on it.”
(Spencer Platt/Getty Images)

Just 38 miles apart, one Texas oil town is still booming and the other is dead

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For the townspeople of Karnes City, it’s like nothing ever changed: Roughnecks pack into Stripes gasoline station by the dozens to load up on Doritos and Slim Jims at the end of their shift; giant drilling rigs dominate the horizon in all directions; and the roar of tanker trucks and industrial machinery is never-ending.