Drilling

Oil

Anadarko posts $770M loss in fourth quarter

Source: 
Reuters

Anadarko Petroleum Corp. reported that it suffered a net loss of $770 million in the fourth quarter of 2013 based on provisions for divestments and legal issues stemming from the company's disputed liability for  failed titanium dioxide firm Tronox, Reuters reports.

Oil

Schlumberger finished in Iran last year, filings show

Source: 
FuelFix

Oilfield services giant Schlumberger pulled out of Iran last year after a $69 million loss there and after a U.S. grand jury began investigating its activities in sanctions-hit countries, according to the company's 10-K filing, FuelFix reports.

Oil

US rig count up 8 to 1,785

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by eight this week to 1,785.

The Houston firm said in its weekly report Friday that 1,422 rigs were exploring for oil and 358 for gas. Five were listed as miscellaneous. A year ago there were 1,764 active rigs.

Of the major oil- and gas-producing states, Louisiana and Texas each gained three rigs, Ohio was up two and Alaska and New Mexico rose by one apiece.

Oil

Exxon turning to shale plays

Source: 
Platts

Exxon Mobil says it's adding rigs in U.S. shale plays as well as exploring a tight oil project in Siberia, Platts reports.

Oil

Arctic drilling backers, opponents, have differing views on Shell delay

Source: 
FuelFix

Environmentalists hope Arctic drilling gets put on ice permanently in the wake of Shell's decision to delay its plans, while drilling supporters want to see a quick resolution to the legal battle holding it up, FuelFix reports.

Oil

Signs Texas oil boom may slow, says an economist

Source: 
FuelFix

Drops in rig count and oilfield services jobs may be signals that the oil boom in Texas is slowing despite 2013's big jump in production, economist Karr Ingham said Wednesday, according to FuelFix.

Oil

New CEO: Shell won't drill in Alaska in 2014

AMSTERDAM (AP) — Royal Dutch Shell PLC's new chief executive unveiled plans Thursday to slash capital spending and stop drilling for oil in the Arctic Circle as the company reported a sharp drop in fourth quarter earnings.

CEO Ben van Beurden said the approach, which involves reducing capital spending by $10 billion this year and selling assets, will make the company more efficient now that its future growth prospects are more secure.

Van Beurden said Shell, Europe's largest oil company, won't drill for oil off Alaska's coast in 2014 following a court ruling that put "significant obstacles" in the way of exploiting resources in the Arctic.

Oil

ND task force pledges to cut flared natural gas

Source: 
The New York Times

An oil industry task force in North Dakota has promised the state's Industrial Commission there'll be a 90 percent reduction in flared natural gas in the Bakken shale oilfields by the end of the decade, The New York Times reports.

Oil

Major oil companies see less payoff from high exploration costs

Source: 
The Wall Street Journal

Big spending on big exploration projects is hitting the bottom line of the world's three big oil companies, The Wall Street Journal reports.

Oil

ND moving to give citizens input about drilling locations

Source: 
The Wall Street Journal

North Dakota is poised to give citizens more say over places where oil drilling can take place, offering more protection to sites of historic interest, The Wall Street Journal reports.

Pages

Subscribe to Drilling