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oil drilling

(Photographer: Eddie Seal, Bloomberg)

Drillers shut down dozens of rigs last week, biggest pull-back since April 2015

Losses in the oil patch deepened in the second half of 2015 and into 2016 along with plummeting prices of crude.
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

Rig count snaps losing streak, jumps up 17

This was only the third, double-digit increase in the count of oil rigs this year.
In this March 25, 2014 photo, a worker oils a pump during a hydraulic fracturing operation at an Encana Corp. well pad near Mead, Colo. The first experimental use of hydraulic fracturing was in 1947, and more than 1 million U.S. oil and oil wells have been fracked since, according to the American Petroleum Institute. The National Petroleum Council estimates that up to 80 percent of natural oil wells drilled in the next decade will require hydraulic fracturing. (AP Photo/Brennan Linsley)

Bill opening door to fracking in Florida moves forward

The bill calls for a $1 million study on how fracking would affect surface and groundwater, underground geology and how water and chemicals used in the process are disposed.
FlexGen solid state generator operating in the Permian Basin. FlexGen)

Startup seeks to power oil drillers with hybrid energy

A recent infusion of capital helped the company fill the demand for renting its turn-key hybrid power generators.
(RJ Sangosti/The Denver Post via Getty Images)

U.S. unveils plan to limit drilling on energy-rich Colorado plateau

The compromise settled a lawsuit filed by environmentalists who want to preserve the plateau’s forests, meadows, streams and wildlife.
A Marathon Oil drilling rig works in the Bakken Shale of North Dakota. (Houston Chronicle)

Marathon Oil to sell non-core assets, boost shale

The Houston producer’s plan to get rid of conventional drilling assets comes as several other companies plan similar divestitures.
Regan McLaurin, of Industrial Solutions & Innovations, of Alvin, runs an automated hot wire tig roll out welder at the Offshore Technology Conference at the NRG Center Tuesday, May 5, 2015, in Houston, Texas. ( Gary Coronado / Houston Chronicle )

As crude slump lingers, NOV prepares to snap up bargains

National Oilwell Varco’s profits tumbled 78 percent in the third quarter as oil companies continued their retreat from the U.S. oil patch following a fresh collapse in oil prices.
(AP Photo/Gerald Herbert, File)

Senators ask SEC to probe oil companies’ risk disclosure

A dozen Democrats insist oil companies aren’t telling shareholders the gritty reality of their crude pursuits, including the environmental and financial risks of drilling in the Arctic Ocean and other frontier areas.
An aerial view of the Centenario exploration oil rig in the Gulf of Mexico. (AFP Photo/Omar Torres)

Offshore oil auction draws low interest

Just five oil and gas companies submitted sealed bids for western Gulf of Mexico acreage, ahead of Wednesday’s auction in New Orleans.
(Marcus Bengtsson/Creative Commons)

Shell-contracted icebreaker to get repairs in Oregon

The decision to stitch up a meter-long gash in the MSV Fennica at a Vigor Industrial shipyard in Oregon, rather than on site in Dutch Harbor, Alaska, is another setback for Shell.