Oil and Gas News - iData Insights - ReDiscovering Data | Research Reports, News, Events, Research o

Shell Reports $7.4 Billion Loss, Blaming Low Oil And Gas Prices

October 29, 2015

After posting a gain of around $4 billion in the second quarter of 2015, Royal Dutch Shell says it lost more than $7.4 billion in the third quarter. Lower oil prices played a role, as did the costs Shell incurred when it shut down large-scale projects.

Accusations of bias fly over Environment Southland Oil and Gas investments

October 29, 2015

Accusations of bias flew during a heated Environment Southland meeting on Wednesday as councillors resolved to consult the public on oil and gas exploration.

How Hackers Can Hack The Oil & Gas Industry Via ERP Systems

October 29, 2015

Hackers can exploit weaknesses in enterprise resource planning (ERP) systems on oil & gas firms' corporate networks in order to sabotage pipeline pressure or hide oil spills, researchers have discovered.

NZ Oil & Gas cuts Costs as it promotes $100 million drilling campaign

October 29, 2015

NZ Oil & Gas (NZOG) is cutting costs and hunting for distressed assets to buy, while also preparing for one of the most expensive drilling campaigns it has undertaken.

Kupe Oil and Gas field commercial reserves increase by 35%, NZOG says

October 28, 2015

New Zealand Oil & Gas [NZX: NZO], Genesis Energy and Australian operator Origin Energy all stand to gain from what NZOG declared today was a 34.7% increase in "developed reserves" from the offshore Taranaki oil and gas field, Kupe.

Park Service may strengthen its Oil and Gas regulations

October 28, 2015

For years, the company operating oil wells in New Mexico’s Aztec National Monument was exempt from being regulated by the National Park Service, which manages the site to protect ancient Pueblo structures. As a result, a dirt access road to one of the wells runs directly over buried ruins. A park archeologist once watched as a grader resurfacing the deeply rutted road exposed archeological remnants.

Oil and Gas execs say companies still recruiting to keep up with talent lost in layoffs

October 28, 2015

Burned by the talent crunch created by hiring freezes in prior downturns, energy companies continue to beat the block for new recruits, even as they lay off older, more experienced workers amid the worst energy slump in years, two top energy executives said during a panel discussion Tuesday in Houston.

Banks Give A Stay Of Execution On Oil And Gas Sector

October 27, 2015

There have been a lot of observers (including myself) worried lately about debt in the oil patch, with suspicions running high that lower oil prices will mean cuts to bank lines -- and possible bankruptcies for some cash-strapped producers.

New Way To Bet On Oil & Gas Wipes Out Billions In Investor Savings

October 27, 2015

When Karen Robinson’s husband died, she worried she wouldn’t have enough money to raise her two young girls and save for retirement.

Oil and Gas industry seeks lower royalties to enhance competitiveness

October 27, 2015

Alberta’s oil and gas industry is calling for royalty system changes that lower industry costs and increase its competitive advantage, including a new credit for deep oil wells similar to that that for gas wells and a royalty “freeze” for enhanced recovery from mature formations.

Counties call for Oil, Gas tax distribution reform

October 26, 2015

The state took a big enough piece of the counties' pie when it comes to money generated from oil and gas taxes and overweight truck permits, officials in the Crossroads are arguing.

Guest Column: Enviros misrepresent Oil and Gas

October 26, 2015

The recent commentary from Todd Leahy of the New Mexico Wildlife Federation, NMWF, is the latest in what appears to be a coordinated campaign against the oil and gas industry, following similar recent comments from the San Juan Citizens Alliance and Bishop David Bailey in regard to drilling activity and methane leaks. The NMWF letter starts out complaining about the unprecedented pace of oil and gas development as did the letter from the San Juan Citizens Alliance.

Lower Oil, Gas prices hit some Kansas county budgets hard

October 26, 2015

Lower energy prices benefiting consumers at gasoline pumps have hit oil- and natural gas-producing counties in western Kansas hard, forcing them to cut spending or increase property tax levies just as the state is ending an aid program meant to insulate them from industry downturns.

Shutdown Spin: Oil and Coal Industries Confident Congress Will Concede to Rail Industry

October 23, 2015

When it comes to effective lobbying groups, the American Petroleum Institute has to be near the top of the list with its relentless quest to preserve oil company profits at all costs. However, with the current threat of a rail shutdown over the rail industry’s failure to implement positive train control (PTC), which would effectively shut down much of North Dakota’s Bakken oil production, the API isn’t getting involved.  

These Oil and Gas Companies Are Hot Picks This Earnings Season

October 23, 2015

It's third-quarter earnings season, and oil and gas analysts are trying to read the tea leaves on how the exploration and production industry is really faring at a time of lower oil prices and where companies will go from here.

Ohio tax panel: Go slow with Oil and gGas industry

October 23, 2015

The oil and gas market remains too volatile to consider an immediate tax hike on an industry that Gov. John Kasich has repeatedly said was getting a great deal in Ohio, an informal legislative panel said Thursday.

Freeport-McMoRan Swings to Loss, Takes Big Oil-and-Gas Write-Down

October 23, 2015

Phoenix-based Freeport, the U.S.’s biggest mining company, has been in turmoil as falling energy prices have exposed a disastrous investment in oil and gas drilling. The fallout of that investment kept biting in the third quarter, with Freeport reporting a loss of $3.8 billion, or $3.58 a share, compared with a year-earlier profit of $552 million, or 53 cents a share. A write-down of $3.5 billion on the oil and gas division accounted for the majority of the red ink.

Oil & Gas industry seeks slashing of Rs 4,500 per tonne cess on crude

October 21, 2015

As oil prices dip to multi-year lows, an association of top energy firms has asked the government to slash the Rs 4,500 per tonne cess on crude oil and gradually phase it out to provide fiscal stability.

Bolivia Set for Major Decline in Oil and Gas Revenues

October 21, 2015

The government expects revenues from hydrocarbons, petroleum and natural gas to fall by up to 40 percent.

ONGC targets $10-$12 billion foreign Oil and Gas investments

October 21, 2015

The foreign investment arm of India's top oil explorer ONGC is targeting $10-$12 billion of oil and gas asset purchases over the next three years, including more corporate acquisitions, its managing director said. 


Create Account



Log In Your Account