‘Industry Headlines’ Articles

April 29,2011 – US drilling activity continued to increase with 18 more rotary rigs working this week for a total 1,818, compared with 1,483 units drilling during the same period a year ago, Baker Hughes Inc. reported. …. [Continue]

April 29,2011 – Royal Dutch Shell PLC said it might have to sell some of its assets in the North Sea and reduce investment in the region due to the recent tax increases imposed by the British government. …. [Continue]

April 29,2011 – A low-profile revolt over hydrogen in Washington, DC, illustrates the lunacy of governmental fuel choice. …. [Continue]

“Our first quarter 2011 earnings have risen from year-ago levels, driven by higher industry margins and our own operating performance,” said Peter Voser. [Continue]

It has always been an axiom of world energy markets that Persian Gulf oil is both easy and cheap to produce. [Continue]

Lawmakers have passed a bill that changes the way oil money will be allocated amid cries from some western legislators that it will short the oil producing counties. [Continue]

Eni and Sonatrach signed a cooperation agreement for the development of unconventional oil, with particular focus on shale gas. [Continue]

Front-month crude settled nearly flat on Thursday as concerns of grew of slowing U.S. economic growth. [Continue]

Despite enthusiasm by E&P cos and investors, successful development efforts to unlock the Niobrara horizontal oil play’s resource potential has been limited, and more time is needed to further delineate its true potential as a resource play. [Continue]

Chevron reported earnings of $6.2B for the first quarter 2011, compared with $4.6 billion in the 2010 first quarter. [Continue]