Leonard Hale

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Norwegian Investment Bank Predicts Oil Industry Deals to Surge

Deal-making in the oil industry is about to jump.<p>“Currently we see somewhat more optimism and we are working on several deals that might materialize …

Oil & Gas Industry

Oil industry pushes back against Exxon climate accusations

The oil industry is coming to defense of Exxon Mobil Corp. and pushing back against accusations that the company lied to the public and shareholders …

UPDATE 1-Iran says it will freeze oil production only after...

LONDON, March 10 (Reuters) - Iran must regain its share of the global oil market before it will participate in any agreement among oil producing countries to restrict supply, the chief of staff to President Hassan Rouhani said on Thursday.<p>A collapse in the price of oil since mid-2014 has led some …

Oil

Oil and Gas Management: Interior's Bureau of Safety and Environmental Enforcement Restructuring Has Not Addressed Long-Standing Oversight Deficiencies

<b>Status</b>: Open<p><b>Comments</b>: According to BSEE documentation, SIID, the Environmental Compliance Division, and the Safety Enforcement Division continue work …

Greenwash: Oil and gas lobby ordered to stop ads that talk rubbish about climate change

Oil and Gas Blank-Check Company KLR Energy Completes IPO

The initial public offering (IPO) market may be gasping for air, but it’s not dead yet. Blank-check company KLR Energy Acquisition Corp. (NASDAQ: …

Shale gas industry plan takes shape

Johannesburg - The government’s announcement that shale gas exploration would commence next year could kick-start progress in the development of a …

Nigeria’s reform of its state oil company will be cosmetic without cutting corrupt ties

For decades, Nigeria’s state oil company, the Nigerian National Petroleum Corporation (NNPC) has been the leading symbol of official corruption and a seemingly boundless source of political patronage. Faced with plummeting global oil prices and dwindling state coffers, president Muhammadu Buhari …

Oil production freeze meeting may be postponed, as Iran won’t play ball

Last week, Nigeria's Oil Minister Emmanuel Kachikwu said the meeting would take place in the Russian capital. The meeting is seen as a key step to …

Identifying Environmental Concerns from Mid- and South Atlantic Offshore Drilling

Issue<p>In January 2015, the U.S. Department of the Interior released the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Draft Proposed Program. …

Offshore drilling and U.S. public opinion: New research

2016 study published in <i>Energy Policy</i> that examines U.S. public opinions of offshore drilling based on 10 national polls, with a focus on the …

Ohio gas and oil production soaring, fewer drilling rigs at work

COLUMBUS -- Ohio shale gas and oil production increased by 100 percent in 2015 compared to 2014 -- even as fewer new wells were drilled and prices …

EPA expands methane rules to all oil and gas wells

The announcement from the White House Thursday came as part of a joint agreement with Canada to curb methane emissions and take steps to protect the …

Report blasts oil-rig safety agency's effectiveness

As federal safety officials responded Friday to a death on a Gulf of Mexico oil rig, the agency in charge of oil-rig safety received a rebuke from a congressional watchdog office that found poor management has caused it to fail in its most basic functions.<p>A worker was fatally injured while working …

Oil prices revive rally on U.S. jobs data, technical charts | Reuters

NEW YORK (Reuters) - Oil jumped on Friday, settling 4 percent higher as strong U.S. jobs data and technical factors encouraged buying that revived this week’s rally after a one-day pause.<p>A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, …

3 Energy Companies Trying to Sell Assets Fast

It's become the " year of capitulation" that many predicted for the oil and gas industry given continued low commodity prices, with companies laying …

US Jobs Report: Oil, Gas Layoff Troubles Continue

by Valerie Jones<p>Rigzone Staff<p>Monday, March 07, 2016<p>While not unfamiliar territory for an industry already embattled with low oil prices and minimal …

Chevron Shifts Focus To Shale, Brownfield Opportunities

Base and short-cycle spending accounted for 40% of Chevron’s capital program in 2015. That will grow to 45% this year, 60% in 2017 and 65% in 2018 as …

Tiny hummingbirds can fly a long, long way

Sometimes it’s surprising to discover how little we know about common plants or animals. Consider the ruby-throated hummingbird. If you live in the …

These tiny birds can fly over 1,000 miles – nonstop

Researchers glean new insights into the ruby-throated hummingbird's impressive autumn migration.<p>In a flash of green and iridescent red, ruby-throated …

Pay packets, profits and promotions

I usually take a stern view of corporate pay packets that are out of line with profits and shareholder value, but I’m prepared to make an exception for Bob Dudley. The American-born chief executive of BP collected $19.6 million last year, up 20 per cent on his 2014 remuneration, while the embattled …

BP escapes U.S. lawsuits over post-Gulf spill drilling ban | Reuters

(Reuters) - BP Plc (BP.L) does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal judge ruled.<p>Signage for a BP petrol station is pictured in London July 29, 2014. …

Trudeau-Obama Climate Announcement Sets Stage for End to Arctic Drilling

Washington, DC – Today, Canadian Prime Minister Justin Trudeau and President Barack Obama set a landmark precedent on the protection of Arctic …

U.S. Gulf of Mexico pumping oil like never before

It looks like the Gulf of Mexico didn't get the oil crash memo.<p>U.S. oil production in the deep waters of the Gulf of Mexico is on the rise and on track to reach a record high in 2017, according to the Energy Information Administration.<p>That's despite the enormous costs associated with drilling for …

Brent crude and WTI: Oil prices stay higher after US jobs report

Oil prices rose today, as strong US employment data fed into optimism that the market may have finally bottomed out.<p>Brent crude, the global …

Drillers: Oil well rules dire for business; others disagree

NEW ORLEANS (AP) — An industry-funded study warns of dire consequences if pending rules to prevent another catastrophic oil spill in the Gulf of …

Saudi foreign minister says 'we will maintain our oil market share' | Reuters

PARIS (Reuters) - Saudi Arabia will maintain its oil market share and the idea that it would cut production, while other countries increase it is “not a realistic one,” Saudi Foreign Minister Adel al-Jubeir said on Saturday.<p>A driver waits to fill his car with fuel at a petrol station in Riyadh, …

Moody's Eyes Downgrade Of Russia's Rating Amid Falling Oil Prices

Moody's Investors Service placed Russia's credit rating under review for a possible downgrade late on March 4, citing the "structural shock" from a …