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  • DW: Oil-producing nations look to renewable energy

    As oil prices deteriorate, interest among oil-producing nations in renewable energy grows as countries look to the future and to and to sustainability.  


    Two multiphase compressor units at the OneSubsea facility in Norway.

    Schlumberger to acquire Cameron in transformational $14.8B deal

    Oilfield services giant Schlumberger has reached a definitive merger agreement with Cameron in which the companies will combine in a stock and cash transaction to create the industry's first “pore-to-pipeline” company offering complete integration between downhole and surface technologies.  


    Wood Mackenzie: Global gasoline glut to hit refiners

    Wood Mackenzie’s latest long-term oil products market forecast shows that a surplus of gasoline is expected to flood the market as early as 2017, which, combined with a deficit of middle distillate and fuel oil, will put significant pressure on refiners by the end of the decade.


    Encana divests Haynesville natural gas assets for $850M

    Encana Oil & Gas (USA) Inc. has agreed to sell its Haynesville natural gas assets, located in northern Louisiana, to GEP Haynesville LLC, a joint venture formed by GeoSouthern Haynesville LP and funds managed by GSO Capital Partners LP.


    Accenture to acquire Schlumberger Business Consulting

    Accenture has entered into an agreement to acquire Schlumberger Business Consulting, the management consulting unit of Schlumberger.  


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    Commodity Indices

    Market Indices

    Latest Oil & Gas Industry News

    Report: Canada's economy feels recessionary effects of low oil prices

    September 3, 2015 In the first half of this year, Canada's economic recovery ended abruptly, Standard & Poor's Ratings Services said in a commentary published today. Sharply lower oil prices cut business investm...

    COO retires from Stallion Oilfield Services

    September 3, 2015 Hill Dishman, COO and executive vice president of Stallion Oilfield Services and Stallion Oilfield Holdings GP LLC, retired from these roles on Aug. 28, according to Houston Business Journal, citin...

    Armour acquires Origin Energy’s upstream assets in Queensland’s Surat Basin

    September 3, 2015 Armour Energy Ltd. has executed sale and purchase agreements to acquire the oil and gas interests of Origin Energy on the Roma Shelf in the Surat Basin of Queensland, Australia, for $9.1 million (A...

    Holly Energy Partners acquires interest in Frontier Pipeline

    September 3, 2015 Holly Energy Partners LP has acquired a 50% interest in Frontier Pipeline Co., owner of the Frontier Pipeline, from an affiliate of Enbridge Inc. The Frontier Pipeline will be operated by an affili...

    Pilot farms in to Empire's permits EP416, EP 480 in Perth Basin

    September 3, 2015

    Pilot Energy Ltd. has executed an agreement with Empire Oil & Gas NL to farm in to Empire’s EP416 and EP480 exploration permits in the Perth Basin of Western Australia.

    ION to reduce workforce and operating costs

    September 3, 2015 ION Geophysical Corp. is planning to cuts its workforce by 25% by the end of the month and to reduce its annual operating costs by approximately $40 million as part of an “aggressive” cost-reductio...

    Shell-BG merger receives EU antitrust clearance

    September 3, 2015 Royal Dutch Shell’s combination with BG Group has received unconditional merger clearance from the European Commission. Together with the pre-conditional clearance in Brazil, two of the five pre-co...

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    More News & Updates

    Twin Eagle breaks ground on Permian Rail Park

    Sep 1, 2015 Twin Eagle Sand Logistics LLC, a subsidiary of Twin Eagle Resource Management LLC, has broken gro...

    Gastar borrowing base maintained at $200M

    Sep 1, 2015 Gastar Exploration Inc. has completed its second scheduled borrowing base redetermination of its ...

    Rig Count

    Area Count Change
    US 877 8
    Canada 196
    12
    International 1118 28

    Source: Baker Hughes Inc.
    US & Canada rig counts updated weekly. International updated monthly.

    More News

    Hercules Offshore delisted from Nasdaq

    Aug 28, 2015 Hercules Offshore is no longer trading shares of its stock on the Nasdaq exchange, according to F...

    Report: Cost cutting gives Canadian oil sands companies temporary credit relief

    Aug 21, 2015 In a report released Aug. 21, Standard & Poor's Ratings Services said it believes that reduci...

    Samson Resources enters restructuring agreement

    Aug 17, 2015 Samson Resources Corp. has entered into a restructuring support agreement with certain second lie...
    Oil Markets

    Lucas Energy enters into line of credit and amendment of senior secured note

    September 2, 2015 Lucas Energy Inc. (NYSE MKT: LEI) has entered into a line of credit and an amendment of its senio...
    Energy Players

    COO retires from Stallion Oilfield Services

    September 3, 2015 Hill Dishman, COO and executive vice president of Stallion Oilfield Services and Stallion Oilfield Holdings GP LLC, retired from these roles on Aug. 28, according to Houston Business Journal, citin...
    Business Solutions

    Goodrich receives continued listing standard notice from NYSE

    September 2, 2015 Goodrich Petroleum Corp. received notice on Aug. 27 from the New York Stock Exchange (NYSE) that the company is not in compliance with the continued listing standards set forth in Sections 802.01B ...
    Upstream

    ConocoPhillips delivers first oil at Surmont 2

    September 2, 2015 ConocoPhillips has delivered first oil at its Surmont 2 in-situ oil sands facility in Canada, mar...
    Unconventional

    ConocoPhillips delivers first oil at Surmont 2

    September 2, 2015

    ConocoPhillips has delivered first oil at its Surmont 2 in-situ oil sands facility in Canada, marking a significant milestone for the megaproject.

    Midstream

    Holly Energy Partners acquires interest in Frontier Pipeline

    September 3, 2015 Holly Energy Partners LP has acquired a 50% interest in Frontier Pipeline Co., owner of the Front...
    Capital

    Pathway Energy Infrastructure Fund makes initial investments

    September 2, 2015 Pathway Energy Infrastructure Fund Inc., a registered closed-end fund sponsored by a joint ventur...
    Analysis

    IHS: Opening of Mexican energy industry driving energy infrastructure investment

    September 2, 2015 The recent opening of the Mexican upstream energy industry, combined with access to abundant US n...
    Mergers & Acquisitions

    Armour acquires Origin Energy’s upstream assets in Queensland’s Surat Basin

    September 3, 2015 Armour Energy Ltd. has executed sale and purchase agreements to acquire the oil and gas interests...

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