oil and gas

oil and gas Articles

In the week ended May 27, the number of rigs drilling for oil in the United States fell to 316, according to the Baker Hughes North American Rotary Rig Count.
As the price for a barrel of crude oil continues to threaten $50, exploration and production companies remain unconvinced that it will rise beyond that level and stay there long enough to inspire...
The EIA reported Thursday morning that U.S. natural gas stocks increased by 71 billion cubic feet for the week ending May 20.
A new Deutsche Bank research report is cautiously optimistic on the second half of 2016, and four energy MLPs were cited as the firm's top picks.
The U.S. Energy Information Administration said that U.S. commercial crude inventories decreased by more than 4 million barrels last week.
The May 13 short interest data have been compared with the previous figures, and short interest for most of the selected oil stocks decreased.
U.S. crude oil production is expected to drop by about 1 million barrels a day between the end of the first quarter of 2016 and the third quarter of 2017.
Less than two weeks after cancelling contracts for two ultra-deepwater drill ships, Freeport-McMoRan announced late Monday that it has cancelled a third one.
On Sunday, Israeli Prime Minister Benjamin Netanyahu approved a deal that he and members of his ruling coalition hope will get the ball rolling on developing a huge offshore natural gas field.
24/7 Wall St. reviews many key analyst upgrades and downgrades throughout the week. There remains a huge interest in which oil and gas stocks now offer long-term upside for investors.
There are a total of 404 working rigs in the United States, down by two week over week and down 481 year over year, according to the latest Baker Hughes North American Rotary Rig Count.
The National Energy Board of Canada (NEB) on Thursday recommended the planned expansion of the Trans Mountain oil pipeline system be approved.
It's easy to see why the initial reaction to the acquisition was negative: both companies are primarily natural gas producers and natural gas prices haven't gone anywhere but down over the past year...
Despite the failed attempt to acquire Baker Hughes, Argus believes that Halliburton remains better positioned than most peers to take advantage of new technology in the North American land market.
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased less than expected for the week ending May 13.