The San Ramon, California-based company said Friday that its average realized price for a U.S. barrel of crude was $43 in the first quarter of 2015, compared to $91 per barrel in the same three months last year.
Jiang Jiemin was charged with abusing his position at China National Petroleum Corp. and taking bribes, which led to large losses of public money, the national prosecutor’s office said in a statement.
Siemens is in the midst of cutting 9,000 jobs to save 1 billion euros in costs by 2017.
The report pinpoints rising methane emissions from oil and gas wells on public lands and waters as a significant share of the heat-trapping gases tied to all energy development nationwide.
The CEO of Baker Hughes had met with a global conglomerate in Europe just weeks before his company struck a $35 billion deal to sell itself to Halliburton, new corporate disclosures show.
The firm, which has its main U.S. offices in Houston, said Wednesday that scrapping the four rigs “in an environmentally responsible manner” will cost it $300 million to $325 million in non-cash charges during the first quarter.
Willbros Group, an engineering firm that builds oil-industry projects, says it may not be able to pay off its debt if it can’t persuade lenders to alter its credit agreements.
Declines in the oil and gas industry, tight labor markets and weakening exports led to the revision, the Federal Reserve Bank of Dallas wrote Tuesday.
Drillinginfo’s latest index shows 794,000 new barrels of oil equivalent per day were reaching the U.S. market in February.
The Woodlands-based firm said Wednesday it has purchased a 20-percent stake in the pipeline company building the 550-mile Saddlehorn pipe, which is expected to start piping oil from the DJ Basin to the oil hub in Cushing in the middle of next year.
Growth in new U.S. oil production is slowing, though additional barrels continue to come onto the market, according to the latest index from the research and data firm Drillinginfo. Drillinginfo’s latest index shows 794,000 new barrels of oil equivalent per day were reaching the U.S. market in February. That’s down 9 percent over the number of new […]
Last week, negotiators for Shell, which was representing the industry, and the union agreed on a deal that provides a national framework for contracts.
The Houston-based independent said the layoffs will affect 7 percent of the company’s Canadian workforce.
Texas’ real estate market should be able to weather lower oil prices better than it did in the 1980s, but if prices fall further, the results could be much more dire, a Texas A&M real estate economist says.
Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.
The Knarr oil field was discovered in 2008, and BG Group estimaes it has 80 million barrels of oil equivalent in gross recoverable reserves.