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September Oil and Gas revenue down 98% year-over-year in B.C.

September 15, 2015

British Columbia is on course to post its lowest oil and gas revenues in 30 years after another lackluster land sale.

Louisiana Oil and Gas lease sales slump in September

September 15, 2015

Sales of oil and gas drilling rights on Louisiana state and local lands fell to $476,400 in September. The state saw relatively lucrative lease sales in June and August despite falling oil prices.

Oil & gas lobbying group launches ridiculous Fossil Fuel Free Challenge

September 15, 2015

You're either with us or against us, according to the Western Energy Alliance's social media campaign.

Small south Texas town upset about Oil and Gas waste dump

September 15, 2015

The small south Texas town of Nordheim, population 307, is none too happy about the prospect of oil and gas drilling waste -- enough to fill the Empire State Building -- getting buried in its backyard.

Oil and Gas Authority to launch new levy on North Sea groups

September 14, 2015

NORTH Sea oil firms will soon begin paying an additional levy to support their new industry body, the Oil and Gas Authority (OGA).

Royalty checks shrink as Oil, Gas prices tumble

September 14, 2015

Once-lucrative royalty checks for mineral rights owners across Texas are shriveling as oil and natural gas prices tumble.

Rural communities seek employees amid Oil and Gas layoffs in Alberta

September 14, 2015

On Friday, another oil patch employer announced 500 layoffs. With oil prices remaining low and the country in a recession,  it’s easy to get the impression there are absolutely no jobs out there.

Oil and Gas Sector: Energised by reforms

September 14, 2015

The Modi government has been facing flak from many quarters as being big on talk and small on action. But that does not seem true for the oil and gas sector, at least. Diesel decontrol, direct bank transfer of LPG subsidy, formula for domestic gas price fixing, crystallisation of subsidy sharing mechanism for 2015-16, and a progressive framework for auction of marginal fields — it’s been quite an energy-packed year.

UKs Oil and Gas industry braces for further job cuts

September 11, 2015

The UK’s oil and gas industry expects to continue shedding jobs and heavily cutting its costs despite reducing its workforce by more than 65,000 in the last 20 months.

BHP weighs more Oil and Gas capital spending cuts

September 11, 2015

BHP Billiton petroleum president Tim Cutt says capital spending could be cut again for its diminished United States onshore shale business amid depressed prices but is confident in a "medium-term" oil and gas price recovery. 

Railroad Commission again finds Oil and Gas industry not to blame for quakes

September 11, 2015

Railroad Commissioner Ryan Sitton speaks with seismologists from SMU, UT-Austin and the U.S. Geological Survey as they spoke before the Railroad Commission about their study of quakes in Azle and Reno at a panel in Austin in May. (Thao Nguyen/Special Contributor)

UC sells off $200 million in Coal and Oil sands investments

September 10, 2015

The UC system has sold off its endowment and pension fund holdings in coal and oil sands companies, a $200-million move that officials said Wednesday was in response to both environmental concerns and rising financial risk in those industries.

Texas comptroller: West Region ‘vulnerable’ to volatile Oil and Gas industry

September 10, 2015

Falling oil prices have “exposed the vulnerability that comes with reliance on a volatile oil and gas industry,” according to a report compiled by Texas Comptroller of Public Accounts Glenn Hegar.

Don’t be fooled by the dividend yield. This Oil and Gas company is a punisher

September 10, 2015

Today I will complete the assignment for Marni who wanted my thoughts on two stocks. Last time, I analyzed the charts for Whitecap Resources Inc. (WCP-T), and now I will undertake an inspection of Freehold Royalties Ltd.(FRU-T). This will be the first time that I examine the case for FRU which holds royalty interests in over 30,000 wells. In the oil and gas sector, ownership of royalty interest bestows title to a portion of the resource or revenue that is produced but does not obligate the owner of the royalty to bear any of the cost of operations.

Oil and Gas UK says 65,000 have lost jobs since downturn began

September 10, 2015

As many as 65,000 oil and gas workers have lost their jobs since 2014, according to a leading industry body.

OOGEEP awards Oil and Gas career scholarships

September 09, 2015

The Ohio Oil and Gas Energy Education Program has recently awarded 56 $1,000 scholarships to students looking to pursue careers in the oil and gas industry.

Career advice for the Oil, Gas bust from executives

September 09, 2015

As oil prices sank to less than $40 per barrel during the last week in August, senior executives from some of the biggest oil and gas companies in the world, with years of experience in the industry, gave career advice during the Colorado Oil & Gas Association's recent Rocky Mountain Energy Summit in Denver.

Scomi targets US$2b Oil & Gas tender book

September 09, 2015

Scomi Group Bhd, which is bidding for oil and gas contracts worth US$800 million (RM3.5 billion) currently, is projecting a US$2 billion (RM8.7 billion) oil and gas tender book for the year.

UK Oil, Gas output to rise for first time in 15 years

September 09, 2015

British oil and gas production is set to rise for the first time in 15 years this year as investment in more efficient technology pays off, the industry's association said on Wednesday.

Sahara Plans to Dual List Oil and Gas Unit in London, Lagos

September 08, 2015

“Over the next five years years, our target is to be one of the largest indigenous producers in Nigeria,” Cole, 48, who owns a third of Sahara, said in an interview at the company’s headquarters in Nigeria’s commercial capital. “A lot is dependent on the IPO. We started down that road before oil prices collapsed, but we’re still focused on it.”


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