The six oilfield services providers poised to prosper as the energy business … – The Deal Pipeline


The Deal Pipeline
The six oilfield services providers poised to prosper as the energy business
The Deal Pipeline
Given where oil prices are and how they keep moving, it’s especially difficult to put your money into oilfield services. Companies in this area are feeling the most pain, with oil and gas explorers demanding — and often getting — big price reductions
Six Oilfield-Services Providers Poised to Prosper as the Energy Business TheStreet.com

all 3 news articles »

Anadarko Petroleum: Oil Price Scenarios That Could Significantly Impact Its … – Forbes


Forbes
Anadarko Petroleum: Oil Price Scenarios That Could Significantly Impact Its
Forbes
In hindsight, the sharp decline in oil prices makes sense because of slowing demand growth and surging tight oil production in the U.S., but the billion dollar question is, what will they do next, and how would that impact the valuation of oil companies.
Forget Rig Counts And OPEC, Media Bias Is Driving Oil DownOilPrice.com
An Oil Price Forecast for the “New Energy Age”Nasdaq
Insider News Reveals Second Oil Crash ComingWall Street Daily
Seeking Alpha (registration) –TheStreet.com –Bloomberg
all 57 news articles »

Yemen strike oil price spike: is this the end of the good times? – The Independent


The Independent
Yemen strike oil price spike: is this the end of the good times?
The Independent
At the moment, it’s got little to do with the supply of oil and more to do with people worrying about supply – which is what caused the spike today. In fact Yemen’s own oil price has been disrupted for months already and the conflict is a long way off
Oil price hits two-week high after Yemen air strikesTelegraph.co.uk
Oil price surges as Saudis launch air strikes in YemenFinancial Times
Oil Rallies After Saudi Campaign Escalates Crisis in YemenWall Street Journal
New York Times –U.S. News & World Report –ABC News
all 6,522 news articles »

Canada's Alberta Province Raises Taxes to Cope with Oil Price Drop – Wall Street Journal


Edmonton Journal
Canada’s Alberta Province Raises Taxes to Cope with Oil Price Drop
Wall Street Journal
CALGARY—The energy-rich western Canadian province of Alberta said it would raise taxes and hold the line on expenses even as it expects to post a record deficit due to a slump in crude oil prices. Alberta’s woes have fanned fears about the effect of
Plunging oil prices forces government to reach into Albertans’ walletsEdmonton Journal

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Oil price surges after Saudi airstrikes on Yemen – The Week UK


The Week UK
Oil price surges after Saudi airstrikes on Yemen
The Week UK
Airstrikes against Yemen led to a sharp rise in the oil price as traders prepared for another round of instability in the Middle East. Small gains yesterday were followed by a sharper rise today, pushing Brent crude to a two-week high of $58.50 per
Rumors Fuel Oil Price DeclineU.S. News & World Report (blog)
OPEC won’t bear burden of propping up oil price: Saudi ministerReuters
Oil Prices Rise as Dollar WeakensWall Street Journal
CNBC –BBC News
all 828 news articles »

Shell sells Nigerian oil lease for $1.7 billion to local company – FuelFix (blog)


FuelFix (blog)
Shell sells Nigerian oil lease for $1.7 billion to local company
FuelFix (blog)
Royal Dutch Shell Plc has completed the sale of its oil lease in Nigeria’s eastern Niger River delta for $1.7 billion to the country’s Aiteo Eastern E&P Co. Ltd. The divestment is part of Shell’s strategic review of its onshore portfolio in the West

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In Texas Oil Towns, Price-Crash Shows Up in Slowing Rent Growth – Wall Street Journal (blog)


The Conversation US
In Texas Oil Towns, Price-Crash Shows Up in Slowing Rent Growth
Wall Street Journal (blog)
The crash in oil prices is seeping into high-octane real estate markets. Since the end of last year, energy companies have announced hefty reductions in capital spending, and major layoffs. Outplacement firm Challenger, Gray & Christmas this month said …
Hard evidence: why pump prices haven’t fallen as fast as oil hasThe Conversation US
Oilpatch recovery a long way out, Conference Board report saysFinancial Post
Fall in gas prices drags behind crude oil plungeToronto Star
The Globe and Mail –CBC.ca
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Oil sands improving on environment, but new technology takes time: World … – Globalnews.ca


Globalnews.ca
Oil sands improving on environment, but new technology takes time: World
Globalnews.ca
Lightbrown is one of many presenters at the World Heavy Oil Congress this week at Edmonton’s Shaw Conference Centre, where the technical showcase begins Wednesday. Environmental themes are prominent in the program as industry seeks to satisfy …

and more »

GE increases oil field equipment job cuts to 575 – FuelFix (blog)


FuelFix (blog)
GE increases oil field equipment job cuts to 575
FuelFix (blog)
General Electric Co. increased planned job cuts in its Lufkin oilfield equipment unit to 575 as the collapse in crude prices leads to industrywide pullbacks. The move comes after GE notified regulators in January of plans to cut 330 positions in a
GE expands job cuts at Lufkin oil unit to 575 from 330Yahoo! Maktoob News

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Schlumberger Oilfield Unit to Pay $233 Million in Iran Case – Bloomberg


Houston Chronicle
Schlumberger Oilfield Unit to Pay $233 Million in Iran Case
Bloomberg
(Bloomberg) — A Schlumberger Ltd. unit agreed to plead guilty to charges that it traded with Iran and Sudan and to pay more than $232 million for violating U.S. sanctions. The fine component of the penalty, $155 million, is believed to be the largest
Oil field giant agrees to criminal fine for flouting sanctionsHouston Chronicle
Schlumberger Gets Non Prosecution Agreement, Oilfield Holdings Unit to Plead Corporate Crime Reporter
Schlumberger division to pay $233M penaltyUSA TODAY
RTT News –Fox Business –FuelFix (blog)
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China's Sinopec Oilfield seeks other businesses and cuts costs to offset oil slump – South China Morning Post (subscription)


South China Morning Post (subscription)
China’s Sinopec Oilfield seeks other businesses and cuts costs to offset oil slump
South China Morning Post (subscription)
Sinopec Oilfield Service, the drilling and construction services arm of China Petrochemical (Sinopec Group), will seek to mitigate the impact of lower oil drilling work volume this year by drilling more gas wells, developing new businesses and cutting
Sinopec Oilfield Service Ponders Contracts, AcquisitionE&P

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How Quest Automated Services brings high tech to the oil field – Dallas Business Journal (blog)


Dallas Business Journal (blog)
How Quest Automated Services brings high tech to the oil field
Dallas Business Journal (blog)
Mark Patton couldn’t believe that oil companies still used primitive plumb bobs to measure oil levels. And if equipment malfunctioned in the oilfield, there was no way to know unless crews were on-site. The technologist has worked on cellular networks

Crude Oil Price Gains Despite Another Large Inventory Build – 24/7 Wall St.


24/7 Wall St.
Crude Oil Price Gains Despite Another Large Inventory Build
24/7 Wall St.
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.17 million barrels last week, maintaining a total U.S. commercial crude inventory of 466.7 …
Crude oil is ripping higherBusiness Insider
Take Advantage of Cheap Oil, Invest in these ETFsInvestopedia
Three Triggers That Will Send Oil Crashing AgainOilPrice.com
Reuters –Financial Times –UPI.com
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Oil price rises as eurozone mood lifts – The Week UK


The Week UK
Oil price rises as eurozone mood lifts
The Week UK
Despite continuing concerns about oversupply, the oil price rose on Wednesday morning amid growing business confidence in Europe’s two largest economies. Germany, the continent’s biggest economy, saw business morale grow for the fifth straight month, …
Rumors Fuel Oil Price DeclineU.S. News & World Report (blog)
OPEC won’t bear burden of propping up oil price: Saudi ministerReuters
Oil Prices Rise as Dollar WeakensWall Street Journal
CNBC –BBC News –Telegraph.co.uk
all 828 news articles »

An Oil Price Forecast for the "New Energy Age" – Nasdaq


Nasdaq
An Oil Price Forecast for the “New Energy Age”
Nasdaq
If the budgets of OPEC and Non-OPEC oil dependent governments need in excess of $100bbl pricing to sustain their budgets, doesn’t this also signal that increases in the longer term will exceed that pricing? I understand capital resets, restructures
Oil Price Malaise Hits U.S. And OPEC DifferentlySeeking Alpha (registration)
Low Global Oil Prices To Linger For Long (1)Leadership Newspapers

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Oil Prices May Crash Further: 3 High-Yield Oil Stocks to Buy If They Do – Motley Fool


Motley Fool
Oil Prices May Crash Further: 3 High-Yield Oil Stocks to Buy If They Do
Motley Fool
Producers with solid hedges and low-cost production are worth a close look. Source: Linn Energy. Oilprice volatility has whipsawed high-yield oil producers such as Breitburn Energy Partners (NASDAQ: BBEP ) , Linn Energy (NASDAQ: LINE ) , and its …
New money could talk as oil firm seeks dealsHouston Chronicle

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Think Tank Sees Oil Price Decline Costing Canadian Energy Revenues, Jobs – Wall Street Journal


CBC.ca
Think Tank Sees Oil Price Decline Costing Canadian Energy Revenues, Jobs
Wall Street Journal
TORONTO—The collapse of oil prices will shave 37% off the Canadian energy industry’s revenues this year and cost close to 8,000 jobs, a Canadian think tank said Wednesday. The country’s energy sector will post a pre-tax loss of more than 3 billion …
Oil production growth means no quick price fixCBC.ca
Canadian economy to ‘weather oilprice storm,’ but expect very weak first Financial Post
With oil prices going down, down, down, why aren’t gas prices falling even more?Raw Story
Calgary Herald –PR Newswire (press release) –The Daily Courier (subscription)
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Crude's fall hits hard in Texas, harder elsewhere – Houston Chronicle


Houston Chronicle
Crude’s fall hits hard in Texas, harder elsewhere
Houston Chronicle
Texas, home to half the country’s land rigs, will feel the financial burden of reduced oil drilling, but the state’s economy is so large that it won’t face the same degree of economic pain as other producing states including North Dakota, Oklahoma and
IHS expects low oil prices to slow growth this year in Texas and other top oil Dallas Morning News (blog)
Crude’s fall hits hard in Texas, worse elsewhereSan Antonio Express-News
Half of Colorado’s drilling rigs have gone idle in last five monthsThe Denver Post

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Point Hope opts out of lawsuit over 2008 Chukchi lease sale – Alaska Dispatch News


Alaska Dispatch News
Point Hope opts out of lawsuit over 2008 Chukchi lease sale
Alaska Dispatch News
The lead plaintiff in a lawsuit that stalled Arctic Outer Continental Shelf oil drilling has pulled out of the seven-year-old legal action. The Native Village of Point Hope, a tribal government that has for years been a staunch opponent of Arctic

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Hinto Energy, Inc. Tests Proprietary Technology to Increase Oil Production and … – Power Engineering International

Hinto Energy, Inc. Tests Proprietary Technology to Increase Oil Production and
Power Engineering International
OTCQB : HENI ), engaged in the exploration, acquisition, and development of oil and gas properties, with producing wells in Ohio, Utah and Montana, today announced the Company performed the first test of its new proprietary technology. The technology …
Hinto Energy Tests Technology to Enhance Oil Production and Increase ReservesResource Investing News (registration) (blog)

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Tech News: Jonathan promises a new technology that will fight oil theft – Pulse Nigeria


Bella Naija
Tech News: Jonathan promises a new technology that will fight oil theft
Pulse Nigeria
Jonathan said that the issue of oil theft was a serious challenge that must be dealt with, adding that the government was developing a technology to fight it to a standstill. “The issue of stealing our common assets; we are developing a technology now
Presidential Debate: Jonathan Says FG Will Develop New Technology to Fight Bella Naija
FG to Develop New Technology to Fight Oil Theft-JonathanThe Guardian

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Islamic State releases Bangladeshi hostages in Libya oilfield attack – Reuters


DhakaTribune
Islamic State releases Bangladeshi hostages in Libya oilfield attack
Reuters
DHAKA (Reuters) – Two Bangladeshi citizens, among a group of foreign workers taken hostage by the Islamic State militant group in an attack on a Libyan oilfield, have been released after more than two weeks, the foreign ministry said on Wednesday.
2 Bangladeshis freed in LibyaThe Daily Star
Bangladeshi taken hostage by Islamic State militants speaks to family from LibyaBangladesh News 24 hours
IS militants release Bangladeshi hostages in LibyaDhakaTribune

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Rumors Fuel Oil Price Decline – U.S. News & World Report (blog)


U.S. News & World Report (blog)
Rumors Fuel Oil Price Decline
U.S. News & World Report (blog)
Oil prices have either risen sharply – or fallen sharply, as they have in the past few months – just a dozen times or so in the past 40 years. Usually, the sharp price rise or increase is in response to wars or natural disasters. But the sharp drop in
Oil price unlikely to rebound, says Saudi officialThe Week UK
OPEC won’t bear burden of propping up oil price: Saudi ministerReuters
Oil Prices Rise as Dollar WeakensWall Street Journal
CNBC –Seeking Alpha (registration) –Telegraph.co.uk
all 826 news articles »

Oil Price Fall Forces North Dakota to Consider Austerity – ABC News


OilPrice.com
Oil Price Fall Forces North Dakota to Consider Austerity
ABC News
Two years ago, North Dakota was so flush with money from the energy boom that lawmakers spent over $1 million to spruce up the cafe at the state Capitol. Now, the fall in oil prices has tightened the revenue tap and the nation’s fastest-growing state
Oil Prices Could Crash Hard This SummerOilPrice.com

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