Fuel Fix

A General Electric Co. employee assembles a component for a gas turbine at the company's factory in Belfort, France. (Fabrice Dimier/Bloomberg)

GE increases oil field equipment job cuts to 575

The move comes after GE notified regulators in January of plans to cut 330 positions in a division acquired in 2013.  More »
Driller Paul Allison operates the independent Barrett Brothers Number 1 drilling rig in Presideo County between Alpine and Marfa, Texas.

Personal income grew the most in energy producing states in 2014, government data shows

Crude oil prices grew for the first six months of 2014, hitting their peak in June at $107. That helped boost the economies of states like Alaska and North Dakota, where the oil and gas industry are big employers and help bolster state budgets.  More »
(PVCG/Flickr)

Mexico says arson at U.S. company linked to extortion

Smaller Mexican companies have been subject to such extortion demands, but larger, foreign-owned firms have seldom been acknowledged as targets.  More »
Find a Better Job with
Job Seekers
Employers
Powered by Monster ®
A sign tower reaches toward the sky at the entrance to Schlumberger's Sugar Land campus. (AP file photo/Pat Sullivan)

DOJ: Schlumberger violated Iran sanctions, will pay $232 million fine

The deal marks the end of a six-year federal probe into the company’s activities in two Middle Eastern countries, which found the U.S.-based subsidiary “took steps to disguise” its overseas dealings for several years.  More »
An oil tanker navigates the Houston Ship Channel in Houston, Texas on Friday June 13, 2003. Photographer:  F. Carter Smith/ Bloomberg News.

Report: Crude export ban helps few refiners but hurts all US producers

Light, sweet crude flowing out of the Eagle Ford would attract higher, premium prices on the world market, if those oil exports weren’t prohibited by U.S. trade policy, a Rice University study concludes.  More »
(Photo by Andrew Burton/Getty Images)

North Dakota oil rig count drops below 100

North Dakota is the nation’s No. 2 oil producer behind Texas. North Dakota has been producing about 1.2 million barrels of oil daily.  More »
(David Paul Morris/Bloomberg)

Chevron to hunt for oil in Myanmar

Unocal Myanmar Offshore Co. Ltd. has signed a production sharing contract with the state oil company, Myanma Oil & Gas Enterprise, to explore the Rakhine Basin.  More »
Smoke and flames erupt from the scene of a train derailment Thursday, March 5, 2015, near Galena, Ill. A BNSF Railway freight train loaded with crude oil derailed around 1:20 p.m. in a rural area where the Galena River meets the Mississippi, said Jo Daviess County Sheriff's Sgt. Mike Moser. (AP Photo/Telegraph Herald, Mike Burley)

Senate Democrats seek tougher federal rules for oil trains

Washington Sen. Maria Cantwell on Wednesday said the measure would ban the use of older tank cars, regulates the volatility of crude oil carried on trains and ensures that rail infrastructure is properly maintained.  More »
Original byline: Jim Blecha/

Experts: New Mexico oil patch could lose 2,000 jobs

The number of drill rigs operating in the San Juan and Permian basins has dropped from 85 to 60 over the past year, and state energy Secretary David Martin said each rig directly employs 50 workers and another 50 to 70 in support jobs.  More »
Photographer: Andrey Rudakov/Bloomberg

Shell sells Nigerian oil lease for $1.7 billion to local company

The divestment is part of Shell’s strategic review of its onshore portfolio in the West African nation and “is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business,” it said in a statement on Wednesday.  More »
A Swift Energy Co. production facility in Lake Washington off the Louisiana coast. (Swift Energy Co.)

Eagle Ford producer leases Exxon’s old space

The Houston-based exploration firm plans to move into former Exxon Mobil space in the Five Greenspoint Place 19-story building at 17001 Northchase Drive.  More »
(AP Photo)

Gain in crude inventories beats expectations again

The build brings the total amount of crude the U.S. has in storage to 466.7 million barrels, a record in weekly data stretching back to 1982.  More »
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

Iran is waiting to flood the market with as much as 35 million barrels of crude

If a deal on its nuclear program is reached, the Persian Gulf nation could add its stockpiles into an oversupplied oil market where prices have fallen more than 50 percent since June.  More »
Kurdistan needs oil revenue to mobilize its peshmerga fighters in the battle against the Islamic State. (PHOTO: AHMAD AL-RUBAYE/AFP/Getty Images)

Iraq’s February oil exports below planned level for Islamic State fight

Crude exports in February averaged 2.596 million barrels a day — almost a million barrels less than planned.  More »
Jeff Allyn, a derrick hand with Raven Drilling, cleans equipment with a high pressure hose while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota.(Photo by Andrew Burton/Getty Images)

North Dakota might challenge new federal fracking rule

The Obama administration is requiring companies that drill for oil and gas on federal lands to disclose chemicals used in the hydraulic fracturing drilling technique.  More »
Page 5 of 1,228« First...34567...102030...Last »