Upstream

Exploration

Natural gas prices fall to lowest level since 1999

Natural gas prices averaged out at their lowest level in nearly two decades, the U.S. Energy Information Administration reported Friday. The Henr...

Production

Non-OPEC producers say they are trimming output

Russia and Kazakhstan said they’ve met or exceeded their initial goals for trimming oil output, bringing cuts by non-OPEC nations in the first 10...

Shale

Market Currents: Saudi versus Shale battle is ongoing

Yesterday's decision by the Federal Reserve to raise interest rates has inadvertently put concrete boots on the crude complex, sending it lower a...

Discoveries

Canada rules out Arctic drilling extensions for Exxon, BP

The Canadian government says it won’t grant extensions to exploration licenses for Exxon Mobil Corp., BP Plc and other oil firms as it prepares f...

Crude Oil

Anadarko to sell Eagle Ford assets for $2.3 billion

Anadarko Petroleum Corp. will collect $2.3 billion selling properties in the Eagle Ford Shale in South Texas, as it reroutes cash to more profita...

Natural Gas

Permian Basin again drives rig count growth

West Texas' Permian Basin again led the growth of the nation's drilling rig activity, with Texas and New Mexico each adding three more rigs to oi...