United States

US Crude Oil, Gasoline Stocks Fall Sharply Last Week, EIA Says

Falling U.S. inventories in recent weeks have helped alleviate some concerns about the global crude glut as Saudi Arabia and Russia underscored their commitment to reducing crude supply.

Jul 26 2017 - 11:15am

Hess Posts Bigger Second-Quarter Loss As Oil Production Dips

Like many of its peers, Hess is struggling to adapt to the dip in oil prices this year, which was not expected when 2017 capital budgets were crafted.

Jul 26 2017 - 8:00am

QEP Lines Up $777 Million For Wyoming Gas Assets

The company said it signed an agreement to sell its Pinedale assets and closed the sale of noncore Wyoming assets.

Jul 24 2017 - 3:30pm

Anadarko Becomes First US Oil Producer To Slash 2017 Capex

Anadarko and the rest of the U.S. shale oil industry have been grappling with how to conserve cash and maintain growth opportunities even as crude prices have slumped since January.

Jul 24 2017 - 4:02pm

American Midstream Sells Propane Business For $170 Million In New Strategy

American Midstream expects that substantially all proceeds from the propane sale will be reallocated within the third quarter, including the acquisition of the Viosca Knoll system in deepwater GoM.

Jul 24 2017 - 8:55am

Kayne Backs Native Exploration With $140 Million For Midcon Deals

Native Exploration will pursue acquisitions of oil and gas assets with scalable exploitation and development upside in the Midcontinent region, specifically in Oklahoma.

Jul 24 2017 - 7:45am

ExxonMobil Sues US Over Fine Levied For Russia Deal Under Tillerson

ExxonMobil sued the U.S. government on July 20, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.

Jul 21 2017 - 8:15am

Encana Smashes Profit Estimates As Oil, Gas Production Falls

Encana has benefited from downsizing its operations to focus on four core North American assets: the Montney and Duvernay in Canada, and the Eagle Ford and Permian in the U.S.

Jul 21 2017 - 7:40am

Schlumberger Agrees To Buy Stake In Russian Drilling Firm Eurasia

Schlumberger NV, the world’s largest oilfield services company, has agreed to buy a 51% stake in Russia’s biggest oilfield services firm Eurasia Drilling Co. (EDC), the Russian company said late on July 20.

Jul 21 2017 - 6:02am

Analyst: Technology Gains In US Shale Ramp Up Production, Pressure

Technology is helping boost production and lower costs for U.S. shale players, but analysts say rising volumes are pressuring oil prices.

Jul 20 2017 - 1:07pm